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Lara Exploration Ltd.
Summary
| Project: | Planalto | |
|---|---|---|
| Deposit: | Planalto | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 6/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2018: Lara Exploration Ltd. announces an Exploration/Drilling Update report for its Planalto deposit at the Planalto project. Drilling results incl. 130.41m @ 0.88% Cu, 90ppb Au. June 19th, 2018 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Bennell (Internal) | |
| ABSTRACT: | June 19th, 2018 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or “the Company”), is pleased to report that its final hole of the Phase-1 scout drilling program, hole PDH-18-03, intercepted 130.41m. between 68.05m and 198.46m down hole, with an average grade of 0.88% copper and 90ppb gold, or 0.93 % copper equivalent “CuEq”, within a wider zone of 284.71m from surface averaging 0.48% Cu and 48 ppb Au. Miles Thompson, President and CEO of Lara commented: “We are pleased to see the notable trend of increasing grade as the mineralization plunges shallowly under cover and encouraged also to have hit some more massive chalcopyrite veining.” PDH-18-03 was collared approximately 255m west of 18-02 (results of which were reported in Lara news release of April 24, 2018) on the same section and drilled eastward back towards it as a scissor hole at an angle of -50 degrees. The hole was designed to test an interpreted ground EM conductor and part of the strong soil copper anomaly extending to about 150m to the west of drill hole 18-02. Interpretation of the geological and assay results for drill hole 18-02 had indicated that if the mineralized structures intersected in that hole had a moderate or steep westerly dip, then the copper in soil anomaly would have only been partially drill tested by hole 18-02. Drill hole 18-03 intersected a thick zone of hydrothermal alteration and vein stock works carrying chalcopyrite mineralization from the surface down to 284.71m with a more consistent zone of Lara Intercepts 130.41 Metres Averaging 0.93% Copper Equivalent at the Planalto Copper Project in Brazil [email protected] News Release 2 mineralization above a 0.3% Cu cut-off from 68.05m down to 196.46 m (130.41m) at a weighted average grade of 0.88% Cu and with 90ppb Au. Within this interval there are numerous sub-intervals from about 1m to more than 25m wide with greater than 0.5% Cu. Two intervals of note within this wide zone of copper mineralization are | |
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