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Lara Exploration Ltd.
Summary
| Project: | Planalto | |
|---|---|---|
| Deposit: | Planalto | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 4/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-4-2018: Lara Exploration Ltd. announces an Exploration/Drilling Update report for its Planalto deposit at the Planalto project. Drilling results incl. 210.9m @ 0.39% Cu, 50ppb Au from 0m. April 24th , 2018 (TSX Venture: LRA) - Lara Exploration Ltd. (“L | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Bennell (Internal) | |
| ABSTRACT: | April 24th , 2018 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or “the Company”), is pleased to report results for a further two diamond drill holes completed in the first quarter of 2018 at the Planalto Copper Project, in the Carajás Province of northern Brazil. PDH-18-02 intercepted 210.90 metres (“m”) from surface with an average grade of 0.39% copper and 50 parts per billion (“ppb”) gold (0.42 % copper equivalent). Within this wider zone, there is an intercept of 114.58m (between 51.47m and 166.25m down hole) with an average grade of 0.55% copper and 68ppb gold (0.59 % copper equivalent). The second hole, PDH-18-01, which was collared approximately 200m to the south of PDH-18-02, intersected from the surface 51.1m at an average grade of 0.27 % Cu with a higher-grade core zone of oxide mineralization with 10m at 0.71% Cu between 4.2m and 14.2m down hole. Miles Thompson, President and CEO of Lara commented: “We are pleased to be able to report another long intercept in copper mineralization and to confirm the historical drill data for this project. We are also very encouraged to have hit some more massive chalcopyrite in the hole we are drilling currently. PDH-18-01 was collared approximately 200m to the southeast of PDH-18-02, drilled at an angle of 50 degrees at an azimuth of 040 degrees, to test a mafic saprolite exposure where surface channel sampling indicated an anomalous oxide copper zone of 45m at 0.24% Cu in the eastern part of the main copper-insoil anomaly. | |
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