Exciting Gold Discoveries at Lavras Gold’s Fazenda do Posto Target
Toronto, Ontario – In a recent press release, Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) (“Lavras Gold” or the “Company”) announced impressive results from 12 new drill holes at the Fazenda do Posto Gold Target (“Fazenda do Posto” or “Fazenda Gold Discovery”), located at the western side of the LDS Project in southern Brazil. The drilling intersected an average grade of 2.2 g/t gold over an impressive length of 100 metres, with a high-grade section of 4.7 g/t gold over 10 metres.
Detailed Drill Results
The 12 new drill holes, totaling 4,007 metres, were designed to test the Fazenda do Posto Gold Target, a prospective area identified through extensive exploration work, including geochemical surveys and geophysical studies. The drill results have confirmed the presence of a significant gold-bearing system:
- Drill hole LGC-25-FP014 intersected 100.1 metres of 2.2 g/t gold from 125.5 metres to 225.6 metres, including a high-grade interval of 10 metres (216.0-226.0 metres) grading 4.7 g/t gold;
- Drill hole LGC-25-FP015 intersected 52.6 metres of 1.2 g/t gold from 148.5 metres to 201.1 metres;
- Drill hole LGC-25-FP016 intersected 34.7 metres of 1.4 g/t gold from 102.5 metres to 137.2 metres;
- Drill hole LGC-25-FP017 intersected 31.4 metres of 1.2 g/t gold from 143.6 metres to 175.0 metres;
- Drill hole LGC-25-FP018 intersected 14.6 metres of 1.7 g/t gold from 173.4 metres to 188.0 metres.
Implications for Individual Investors
These impressive drill results suggest that Lavras Gold may have discovered a significant gold deposit at the Fazenda do Posto Gold Target. Such discoveries can lead to increased investor interest, potentially driving up the stock price. However, it’s essential to remember that exploration results do not guarantee the discovery of a commercially viable deposit. Further exploration and development work will be required before any mining operations can commence.
Global Impact of Gold Discoveries
Beyond the potential impact on Lavras Gold’s shareholders, the discovery of a significant gold deposit can have broader implications for the global gold market. Gold is a precious metal that has long been used as a store of value and a hedge against inflation. As such, discoveries of new gold deposits can contribute to the overall supply of gold, potentially impacting gold prices.
Conclusion
Lavras Gold’s recent drill results from the Fazenda do Posto Gold Target in southern Brazil are undeniably exciting, with intersections of high-grade gold over significant widths. While these results are a promising sign, further exploration and development work will be required before any commercial production can begin. For individual investors, the potential discovery of a significant gold deposit could lead to increased interest in Lavras Gold, potentially driving up the stock price. On a larger scale, the discovery could contribute to the overall gold supply, potentially impacting gold prices.
Stay tuned for further updates as Lavras Gold continues to explore and develop its LDS Project in Brazil.
