Lavras Gold Corp Announces Positive Drill Results from Olaria Gold Target
Drilling intersection includes 4.5 g/t gold over 5 metres
Located 3 kilometres to the northeast of the Butiá Deposit Toronto, Ontario–(Newsfile Corp. – December 2, 2024) – Lavras Gold Corp. (TSXV: LGC) (OTCQX:LGCFF) (“Lavras Gold” or the “Company”) is pleased to release the results from three new drillholes testing the Olaria Gold Target(“Olaria” or “Olaria Gold Target”), located within the central portion of the Lavras do Sul Intrusive Complex (LDIC) of the LDS Project in southern Brazil. Gold mineralization was intersected in all three of the new holes reported in this news release at the Olaria Gold Target.
These positive drill results indicate the presence of high-grade gold mineralization at the Olaria Gold Target, showcasing the potential for significant gold resources within the LDIC of the LDS Project. The intersections of 4.5 g/t gold over 5 metres demonstrate the economic viability of the site and bode well for the future development of the project.
Impact on Individuals:
For individual investors, the positive drill results from the Olaria Gold Target present an opportunity for potential investment in Lavras Gold Corp. As the company explores and develops the gold resources within the LDIC of the LDS Project, there may be potential for significant returns for investors who choose to participate in the project.
Global Impact:
The discovery of high-grade gold mineralization at the Olaria Gold Target has the potential to positively impact the global gold market. As new sources of gold are uncovered and developed, there may be an increase in gold supply, which could have a stabilizing effect on gold prices worldwide. Additionally, the economic benefits of gold mining in Brazil could bolster the country’s economy and contribute to global gold production.
Conclusion:
The recent drill results from the Olaria Gold Target represent a significant milestone for Lavras Gold Corp and the LDS Project. With the discovery of high-grade gold mineralization, the potential for future development and growth in the project is promising. Investors and the global gold market alike stand to benefit from the positive news coming out of the Olaria Gold Target, making this an exciting time for the company and the industry as a whole.
