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Lavras Gold Corp. Intersects 1.8 g/t Gold over 123 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update

In This Article:

Drilling intersection includes 4.1 g/t gold over 21 meters, including 8.5 g/t gold over 1 metre

Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras Gold" or the "Company") is pleased to release the results from 18 new drill holes testing the Butiá Gold Deposit ("Butiá" or "Butiá Gold Deposit"), located at the western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in all 18 holes reported in this news release at Butiá, which hosts a Mineral Resource Estimate of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category. Several of these 18 new holes returned more than 100 metres of continuous gold mineralization characterized by higher-grade subintervals. Several holes were designed to increase the confidence in the Butiá gold resource (converting the Inferred Resource into the Measured & Indicated categories) and others to potentially increase the gold endowment as explained below.

The Company has engaged SGS Laboratory in Belo Horizonte, Brazil to complete a comprehensive metallurgical test program for Butiá mineralization with testwork currently underway. These new drill results and initiatives continue to move Lavras Gold toward its short-term corporate goal of defining an economically feasible gold resource on the LDS Project, focused on the Butiá Gold Deposit and the adjacent Fazenda do Posto gold target.

HIGHLIGHTS
Drilling
Hole 24BT034 returned:

  • 123.0 metres grading 1.8 g/t gold from 69.0 metres, and including:

    • 21.0 metres grading 4.1 g/t gold from 137.0 metres, and including

      • 1.0 metres grading 6.8 g/t gold from 137.0.0 metres,

      • 1.0 metres grading 8.5 g/t gold from 154.0 metres.

    • 2.0 metres grading 5.3 g/t gold from 174.0 metres, and including

      • 1.0 metres grading 5.9 g/t gold from 174.0 metres.

Hole 24BT036 intersected:

  • 191.0 metres grading 1.0 g/t gold from 50.0 metres and including:

    • 2.0 metres grading 2.1 g/t gold from 57.0 m

    • 50.0 metres grading 2.2 g/t gold from 70.0.0 metres, and including:

    • 26.0 metres grading 3.8 g/t gold from 90.0 metres, and including

    • 1.0 metres grading 37.2 g/t gold from 110.0 metres,

    • 15.0 metres grading 1.3 g/t gold from 164.0 metres,

    • 3.0 metres grading 1.3 g/t gold from 191.0 metres,

    • 11.0 metres grading 1.3 g/t gold from 210.0 metres.

"In addition to making new discoveries in this highly prospective gold district, our short-term goal remains the delineation of an economically feasible gold mine on the LDS Project. The results from this new round of drilling are critical to our understanding of the Butiá Gold Deposit and the northeast/southwest trending structures that play a significant role in the pattern and nature of mineralization at Butiá and, ultimately, the 'mineability' of the deposit," commented Lavras Gold President & CEO Michael Durose.