- Lavras Gold Corp. (LGC) has filed the technical report for the mineral resource estimate on the Cerrito Gold Prospect
- The resource estimate shows that Cerrito has an indicated gold resource of 187,650 ounces and an inferred gold resource of 293,468 ounces
- The Cerrito gold resource calculation is based on a drilling database of 92 diamond drill holes totalling 14,593 metres
- Lavras Gold (TSXV: LGC) is a Canadian exploration company focused on exploring the Lavras do Sul gold project (LDS Project) in Brazil
- Lavras Gold Corp. (LGC) is unchanged on the day, trading at C$0.41 per share at 2 pm ET
Lavras Gold Corp. (LGC) has filed the technical report for the mineral resource estimate on the Cerrito Gold Prospect.
The resource estimate shows that Cerrito has an indicated gold resource of 187,650 ounces and an inferred gold resource of 293,468 ounces.
NI 43-101 MINERAL RESOURCE ESTIMATE FOR CERRITO GOLD PROSPECT
| Class | Type | Tonnes | Gold (g/t) | Gold (oz) | Gold (g/t) | Gold (oz) |
| Indicated | Saprolite | 474,461 | 0.87 | 13,327 | 0.78 | 11,858 |
| Hard rock | 7,774,763 | 0.78 | 195,759 | 0.70 | 175,792 | |
| Inferred | Saprolite | 286,235 | 0.80 | 7,338 | 0.66 | 6,094 |
| Hard rock | 12,871,242 | 0.76 | 314,329 | 0.69 | 287,374 |
Notes:
- Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources estimated will be converted into mineral reserves
- Assumes a gold cut-off grade of 0.3 grams per tonne (g/t)
- High grade samples were capped at a grade of 3.07 g/t for the capped resource estimate
The Cerrito gold resource calculation is based on a drilling database of 92 diamond drill holes totalling 14,593 metres of drilling. Distances between drill holes varied from 25 and 100 meters from which 24 vertical sections were created having a north-south orientation and an average distance of 50 meters between sections.
Lavras Gold (TSXV: LGC) is a Canadian exploration company focused on realizing the potential of the Lavras do Sul gold project (LDS Project) in Brazil.
Lavras Gold Corp. (LGC) is unchanged on the day, trading at C$0.41 per share at 2 pm ET.