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Lara Exploration Ltd.
Summary
| Project: | Planalto | |
|---|---|---|
| Deposit: | Planalto | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 2/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2018: Lara Exploration Ltd. announces an Exploration/Drilling Update report for its Planalto deposit at the Planalto project. Drilling results incl. 222.29m @ 0.38% Cu, 39ppb Au from 0m. February 28 th , 2018 (TSX Venture: LRA) - Lara Exploration Ltd | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Bennell (Internal) | |
| ABSTRACT: | February 28 th , 2018 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or “the Company”), is pleased to report that its first diamond drill hole at the Planalto Copper Project, DDH-17-01 has intercepted 222.29 metres (“m”) from surface with an average grade of 0.38% copper and 39 parts per billion (“ppb”) gold (0.41% copper equivalent). Within this wider zone, there is an intercept of 117.47m (between 62.08m and 179.55m down hole) with an average grade of 0.53% copper and 54ppb gold (0.57% copper equivalent). The second hole, DDH-17-02, drilled below DDH-17-01 on the same section, intercepted a lower grade mineralized zone of 101.36m at 0.14%Cu and within this zone the best intersections were 15.00m at 0.32% copper and 4.70m at 0.3% copper. Miles Thompson, President and CEO of Lara commented: “We are very pleased with our first intercept from Planalto and excited to have potentially identified a new style of copper mineralization in the Carajás Province; we look forward to reporting results of the additional holes in the coming weeks.” Drillhole 17-01 was drilled at an angle of 55 degrees at an azimuth of 030 degrees, 17-02 at an angle of 65 degrees to the same azimuth direction to test the northern end of a copper in soil geochemistry anomaly extending over one kilometre in strike length and up to 400m in width, interpreted as proximal to an important structural break between granitic intrusives and mafic-intermediate meta-volcanics and gabbro intrusives | |
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