(Kitco News) - Lavras Gold (TSXV: LGC) today announced that an NI 43-101 compliant mineral resource estimate has been completed for the Cerrito gold project at its LDS project in Brazil.
According to the company’s statement, the mineral resource estimate shows that Cerrito has an indicated gold resource of 187,650 ounces and an inferred gold resource of 293,468 ounces.
“Combining this gold resource estimate for the Cerrito gold prospect with the previously announced 500,000 ounces from our Butiá gold prospect moves us to our first million ounce milestone at LDS,” stated President and CEO Michael Durose.
“This is a major step toward unlocking the potential gold mineral endowment of LDS, which we have only just begun to understand. We look forward to releasing results of active drilling at the Zeca Souza, Matilde, and Matilde Extension prospects soon,” he added.
Lavras Gold is a Canadian exploration company focused on realizing the potential of the Lavras do Sul gold project (LDS Project) in Brazil. Located in the state of Rio Grande do Sul, the LDS project is believed to host an alkaline porphyry gold-copper system. More than 23 gold prospects centred on historic gold workings have been identified on the property, which spans more than 22,000 hectares.
The company was spun out of Amarillo Gold Corporation, which was bought by Hochschild Mining PLC earlier this year.
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