Lavras Gold Corp. (TSXV: LGC) has made an important new gold
discovery at its LDS Project in southern Brazil.
Assay results have been received from inaugural
drilling at Zeca Souza, where all 14 drillholes encountered at
least one but more typically multiple intercepts of gold generally
starting at or near surface. Several holes bottomed in gold
mineralization and require follow-up work.
Zeca Souza is one of 23 known gold targets at the
LDS Project and is located 2.1 kilometres north of the Butiá
Deposit (see Figure 1). Butiá hosts an NI 43-101 compliant
near-surface gold resource of about 500,000 ounces, as detailed in
the NI 43-101 Technical Report Mineral Resource for Butiá Gold
Prospect dated and effective January 25, 2022. The report was
prepared by VMG Consultoria e Soluções Ltda. for Lavras Gold Corp.
and is available on www.sedar.com under Lavras Gold’s issuer
profile.
Key highlights include:
- Visible
Gold: Hole 22ZS011 intersected 15.00
metres grading 5.78 g/t gold from 103 metres,
including 3.00 metres at 28.24 g/t gold from 115
metres, which in turn included
1.34 metres at 59.60 g/t gold from 115.0
metres.The high-grade zone is associated with
visible gold and 2-3%
disseminated sulphides (pyrite, trace sphalerite, and galena)
occurring within cross-cutting silicified veinlets within altered
perthitic granite. The estimated vertical depth of this intercept
is 100 metres.
- Visible
Gold: Hole 22ZS014 returned 43.50 g/t gold
over 0.76 metres from 170.24 metres. Visible gold
was observed in cross-cutting silicified veinlets within altered
perthitic granites. The estimated vertical depth of this intercept
is 147.5 metres.This hole also returned a long
intercept of 33 metres grading 0.53 g/t gold from 88
metres and included higher grade intervals
including 5 metres grading 1.04 g/t gold from 108
metres, and 2 metres grading 3.67
g/t gold from 119.00 metres.
-
High-grade, good width: Hole
20ZS003 returned 5.00 metres grading 1.73 g/t gold
from 152.00 metres including 3.25
g/t gold over 2.50 metres from 154.5 metres. The
mineralization consists of silicified perthitic granite with 2-3%
disseminated pyrite. The estimated vertical depth of this intercept
is 132.00 metres and the hole is open at depth.
- Long
Interval and open at depth: Hole 20ZS010 yielded
multiple intercepts of elevated gold values throughout the hole,
including a long interval of 36.40 metres grading
0.47 g/t gold from 212.00 metres including
4.00 metres at 0.81 g/t gold from
212 metres and 5.00 metres at 2.00 g/t gold from
233.00 metres. This hole bottomed
in gold mineralization.
“We are very pleased with these early results from
Zeca Souza, where we are seeing bonanza gold grades near the
surface of this new discovery,” said Michael Durose, Lavras Gold’s
President and CEO. “The exceptional gold grades associated with
visible gold in silicified veinlets, together with long intervals
of elevated gold values relatively close to surface, suggest there
is a robust gold system at Zeca Souza.
“Our next steps will be to follow up on these
results to better understand the nature of the structures that host
the gold and Zeca Souza’s relationship to the nearby Caneleira gold
deposit, about one kilometre to the southeast.”
Gold at Zeca Souza is typically associated with
silicified zones with sericite and disseminated sulphides (pyrite,
and trace amounts of sphalerite and galena) within hydrothermally
altered perthitic granite. Two holes intersected bonanza-style gold
grades associated with visible gold within silicified veinlets and
associated disseminated sulphides including pyrite, and
occasionally sphalerite and galena.
This type of gold occurrence and association is
similar in nature to the Company’s Butiá Deposit.
Discussion of drilling results
Fourteen drillholes totaling 2,800 metres tested a
gold-in-soil anomaly centered on historical gold workings spanning
an area of 375 metres in an east-west direction by 375 metres in a
north-south direction. Two fences of drillholes tested the target
in an east-west direction. The holes were drilled from north to
south and inclined at 60 degrees.
The drillholes were designed to test an interpreted
north dipping structure defined by the transition between magnetic
high signatures (hot colours in Figure 2) and magnetic low
signatures (cool colours in Figure 2).
The location of the drillholes relative to a
magnetic anomaly are also shown in Figure 2. Figure 3 shows a long
section looking north, and Figure 4 illustrates a cross-section
looking east.
Drillhole results are summarized in Table 1 and
assume a cut-off grade of 0.25 g/t gold and no top cut. Intervals
refer to drillhole intervals as true widths have not been
determined at this time.
NORTHERN FENCE – SEVEN
HOLES
The northern fence of holes consists of seven
holes. All holes returned elevated gold values in at least one but
more typically multiple intercepts.
The western most hole
22ZS008 returned nominal low-grade intercepts
including 1 metre grading 0.33 g/t gold from 103 metres. There are
some anomalous gold values near the bottom of the hole. This hole
is interpreted to have missed the main gold-hosting structural
corridor and needs to be extended to depth.
Multiple elevated gold values were intersected in
the six other holes.
Highlights are as follows:
- Hole
22ZS014 returned a broad intercept of elevated
gold consisting of 33 metres grading 0.53 g/t gold from 88 metres.
The gold is typically associated with hydrothermally altered
perthitic granite consisting of sericite, quartz, and 2-3%
disseminated pyrite.This included higher grade intervals including
5 metres grading 1.04 g/t gold from 108 metres, and 3.67 g/t gold
over 2 metres from 119 metres. In addition, a
high-grade intercept of 43.50 g/t gold over 0.76 metres was
encountered at 170.24 metres. This interval was
associated with visible gold occurring within cross-cutting
silicified veinlets within altered perthitic granite (see Figure
5).
- Hole
20ZS005 intersected multiple long intervals of
elevated gold values throughout the hole including
- 0.33 g/t gold over 30
metres beginning at surface
- 2.00 metres grading
0.68 g/t gold from 3 metres
- 0.52 g/t gold over
12.10 metres from 9 metres.The hole also returned 0.33 g/t gold
over 48.35 metres from 61 metres, including 0.81 g/t gold over 11
metres from 76 metres.
- Hole
22ZS006 intersected 3.72 g/t gold over
1.74 metres from 7.26 metres. The gold is associated with
disseminated pyrite within altered perthitic granite. There was
also a second interval grading 0.44 g/t gold over 4.00 metres from
143 metres.
- Hole
22ZS010 returned multiple intercepts of elevated
gold values including
- 36.4 metres grading
0.47 g/t gold from 212 metres
- 0.81 g/t gold over 4
metres from 212 metres
- 2.00 g/t gold
over 5 metres from 233 metres.This hole bottomed in
mineralization.
SOUTHERERN FENCE – FIVE
HOLES
The southern fence of drillholes consists of five
holes testing an east west strike length of about 350 metres.
Multiple elevated gold values were intersected in
all holes with several bottoming in gold mineralization. Gold is
typically associated with hydrothermally altered perthitic granite
within east-west trending structures. Gold is commonly correlated
with fine grained disseminated pyrite, and in some instances
visible gold.
Highlights are as follows:
- Hole
22ZS012 returned multiple intervals of elevated
gold including
- 2.01 g/t gold over 1
metre from 178 metres
- 0.50 g/t gold over 10
metres from 207 metres including 1.29 g/t gold over 3 metres from
207 metres, 1.19 g/t gold over 4 metres from 217 metres
- 2.04 g/t gold
over 2.00 metres from 242 metres.This hole bottomed in
mineralization.
- Hole
20ZS003 returned multiple gold intercepts
beginning from surface. This includes 5 metres grading 1.73
g/t gold from 152 metres, including
3.25 g/t gold over 2.5 metres from 154.5 metres.
This hole bottomed in mineralization.
- Hole
22ZS009 returned eight intercepts of elevated
gold. The hole bottomed in gold mineralization grading 0.82 g/t
gold over 2 metres from 237 metres.
- Hole
22ZS011 returned six intervals of prominent gold
values. This includes 5.78 g/t gold over 15 metres
from 103 metres, including 28.24 g/t gold over 3 metres from 115
metres. This high-grade interval is associated
with visible gold and associated disseminated sulphides hosted
within silicified veinlets (see Figure 6 and Figure 7).
- Hole
22ZS013 returned two intervals of anomalous gold
values including 0.59 g/t gold over 1 metre from 30 metres, and
0.49 g/t gold over 2 metres from 98 metres.
TWO ADDITIONAL
HOLES
In addition to the two fences of drillholes, two
other holes were collared south of the southern fence of holes to
test two different interpreted structures:
- Hole
20ZS001 returned three intervals of elevated gold
values including
- 1.55 g/t gold over
0.59 metres from surface
- 1.27 g/t gold over
1.00 metre from 158.00 metres.
- Hole
20ZS002 encountered two intervals of elevated
gold including 1.25 g/t gold over 1.00 metre from 25.00
metres.
Next steps at Zeca Souza
The geological team is compiling and analyzing
these drilling results generated from Zeca Souza to better
understand the nature of the gold-bearing structures hosting the
gold.
This first pass drilling program tested targets to
relatively shallow vertical depths of up to 230 metres (see Figure
3 and Figure 4 cross sections). Five of the 14 holes drilled
bottomed in gold mineralization, and as such a part of the next
round of drilling at Zeca Souza will be to test deeper targets and
extensions to known mineralization.
Furthermore, two of the 14 holes encountered
bonanza gold grades associated with visible gold in cross-cutting
silicified veinlets. These two bonanza gold grade intercepts were
found in different parts of the Zeca Souza gold system – one in the
northern fence of holes and one in the southern fence of holes.
The high-grade interval of drillhole ZS22011 was
surrounded by a halo of lower-grade mineralization typically
associated with 1-2% disseminated sulphides (pyrite +/- sphalerite
and galena). Better understanding the relationship between the
bonanza gold grades and lower tenor gold is a focus.
The Zeca Souza target remains open to expansion
along strike and at depth. Based on the drone magnetic survey, it
appears that structures associated with gold mineralization include
a confluence of northeast, east-west, and northwest structures (see
Figure 2).
Follow-up work may include a ground induced
polarization survey to better define the structural setting at Zeca
Souza and to highlight any areas of high chargeability and/or zones
of high resistivity that could help better vector into areas of
high gold mineralization potential.
Reinterpretation of Caneleira drilling results
Another important aspect of the gold targeting at
Zeca Souza is to better understand its relationship to the
Caneleira gold target, which is about one kilometre to the
southeast (see Figure 8).
A fence of 12 holes totalling 2,300 metres were
drilled into Caneleira in 2007-2008 and defined a
southeast-northwest trending gold-bearing structure associated with
a magnetic low (see Figure 8). The gold-bearing structure was
defined over a strike length of 900 metres and to a vertical depth
of 200 metres where it remains open.
The magnetic low signature trends northwest
directly towards the Zeca Souza target. The gold-bearing structure
is hosted within hydrothermally altered monzogranites. The
alteration is usually silica (quartz) flooding, sericite, and
disseminated pyrite. Some higher-grade intervals are associated
with visible gold.
A summary of reinterpreted historical results from
the Caneleira drilling program is shown in Table 2.
Some key highlights include:
- Hole
LDH110 returned 36.1 metres grading 1.42 g/t gold
from 70.4 metres including
- 19.10 metres grading
1.99 g/t gold from 70.40 metres
- 10.00 metres grading
3.12 g/t gold from 78.50 metres
- 14.90
g/t gold over 1 metre from 84.5 metres.This hole
bottomed in mineralization after returning 5.89 g/t gold
over 1 metre from 143.5 metres.
- Hole
LDH111 returned 129.0 metres grading 0.34 g/t
gold from surface and bottomed in mineralization. There were
multiple intervals of higher-grade gold mineralization within this
broad intercept such as
- 32.0 metres grading
0.80 g/t gold from surface
- 12.0 metres grading
1.69 g/t gold from 17.00 metres
- 2.0 metres grading
9.06 g/t gold from 25 metres including 1 metre
grading 17.67 g/t gold from 25 metres.This hole
bottomed in mineralization.
- Hole
LDH113 returned multiple intercepts of elevated
gold including:
- 26.5 metres grading
0.57 g/t gold from 46 metres
- 4.00 metres grading
1.05 g/t gold from 46 metres
- 0.65 g/t gold across
14.0 metres from 92 metres
- 8.0 metres grading
0.97 g/t gold from 93 metres.
- Hole
LDH114 generated multiple intervals of gold
including
- 30.00 metres grading
0.51 g/t gold from 53.0 metres including 7 metres grading 0.74 g/t
gold from 53 metres
- 4.5 metres grading
1.18 g/t gold from 127.5 metres
- 2.23 g/t gold over 3.0
metres from 156.0 metres.This hole bottomed in gold mineralization
after returning 0.83 g/t gold over 1.0 metre from 297.0
metres.
- Hole
LDH115 generated multiple intercepts of gold
mineralization throughout the hole including 1
metre grading 31.57 g/t gold from 69.0 metres. It
bottomed in gold mineralization.
- Hole
LDH116 returned multiple intercepts of gold
throughout the hole.
- Hole
LDH119 generated 1.0 metres
grading 13.01 g/t gold from 43.0 metres.
- Hole
LDH121 generated multiple intervals of elevated
gold values including
- 1.20 g/t gold over
1.57 metres from 0.00 metres
- 0.35 g/t gold over
1.00 metre from 62.00 metres
- 0.70 metres over 1.00
metre from 75 metres.This hole is located at the western
edge of the Caneleira magnetic low anomaly, just south of
the Zeca Souza drilling.
Next steps at Caneleira
We started a soil sampling program at Caneleira
that will consist of 3,500 samples. The soil grid will have lines
spaced 200 metres apart and samples will be taken every 50 metres
along each line.
This will be followed by a 3,000-metre follow-up
drilling program that is planned to begin in the fall of 2022. The
program is designed to:
- test the down dip and
strike extensions of known mineralization at Caneleira.
- determine whether gold
mineralization at Caneleira connects with the Zeca Souza target to
the northwest. A particular focus will be to determine whether
there is continuity of gold mineralization between LDH121 – the
western most drillhole from the Caneleira program and LDH110, the
most eastern Zeca Souza drillhole.
- position the Caneleira
target for a gold resource estimate.
Qualified person
Michael Durose, Lavras Gold’s President and CEO, is
a qualified person as defined by NI 43-101. He has reviewed and
approved the scientific and technical information contained in this
release.
Quality assurance and quality control
For the Zeca Souza prospect, sample handling,
preparation, and analysis are monitored through the implementation
of formal chain-of-custody procedures and quality assurance/quality
control programs designed to follow industry best practices.
All drillhole samples in this drilling program
consist of split NQ diamond drill core.
Drill core is logged and sampled in a secure
facility located in Lavras do Sul, Rio Grande do Sul State, Brazil.
Drill core samples for gold assay are cut in half using a diamond
saw and submitted to ALS Laboratories Inc. in Goiania, Goiás State,
Brazil for preparation by crushing to 70% passing 2.0 mm, riffle
splitting to obtain 500 g aliquots, and pulverizing to 85% passing
75 microns.
Pulps are shipped to ALS Laboratories in Lima, Peru
and analyzed by a 30 g fire assay and AAS finish. For assays above
10 ppm gold, a cut of the original pulp was re-assayed with a
gravimetric finish.
Certified standards, non-certified blanks and field
duplicates are inserted into the sample stream at regular
intervals, so that QA/QC accounted for about 10% of the total
samples. Results are routinely evaluated for accuracy, precision,
and contamination.
For the Caneleira historical results that were
generated in 2007 and 2008, samples were sent to Acme Laboratories
in Goianna, Brazil, and Vancouver, Canada. Gold is determined using
fire assay using 50 g aliquots with an ICP finish; if the grade is
higher than 3ppm a gravimetric method is used. All samples are
subject to a chain of custody and are submitted with standards and
blanks to check the assay results. The laboratories also use
internal standards and repeat analysis. For the results reported in
this release all the standards, blanks and repeats delivered
acceptable results. The Company has been targeting larger
intersections of 0.3 g/t gold. Intersections that fall short of
this threshold may provide exploration insight and are so
given.
About Lavras Gold
Lavras Gold (TSXV: LGC) is a Canadian exploration
company focused on realizing the potential of a multi-million-ounce
gold district in southern Brazil. Its Lavras do Sul Project is
located in Rio Grande do Sul State, and is primarily an intrusive
hosted gold system of possible alkaline affinity. More than 23 gold
prospects centred on historic gold workings have been identified on
the property, which spans more than 22,000 hectares.
Follow Lavras Gold on www.lavrasgold.com, as well
as on LinkedIn, Twitter, and YouTube.
Contact information
Michael
Durose |
Annemarie
Brissenden |
President & CEO |
Investor Relations |
416-844-6284 |
416-844-6284 |
investor@lavrasgold.com |
investor@lavrasgold.com |
DISCLAIMERNeither the TSX Venture Exchange nor
its Regulation Services Provider (as defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of the content of this news release.
FORWARD-LOOKING INFORMATIONThis news release
contains certain “forward-looking information” within the meaning
of applicable securities laws. Forward-looking information is
frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate”, “may”,
“will”, “would”, “potential”, “proposed” and other similar words,
or statements that certain events or conditions “may” or “will”
occur. These statements, including those on planned exploration
activities and goals, are only objectives and predictions.
Forward-looking information is based on the opinions and estimates
of management at the date the information is provided, and is
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected in the forward-looking information, including the
risks and factors that generally affect exploration and the
uncertainty of exploration results. For a description of the risks
and uncertainties facing the Company and its business, refer to the
Company’s Management’s Discussion and Analysis recently filed under
the Company’s profile on www.sedar.com. The Company undertakes no
obligation to update forward-looking information if circumstances
or management’s estimates or opinions should change, unless
required by law. The reader is cautioned not to place undue
reliance on forward-looking information.
FIGURE 1: LOCATION OF ZECA SOUZA AND CANELEIRA GOLD
TARGETS RELATIVE TO BUTIÁ GOLD
DEPOSIThttps://www.globenewswire.com/NewsRoom/AttachmentNg/dfff7b05-c481-4ada-b8b7-30a3e56aa86e
FIGURE 2: LOCATION OF DRILLHOLES FOR ZECA SOUZA
TARGET IN PLAN VIEW RELATIVE TO MAGNETIC
ANOMALYhttps://www.globenewswire.com/NewsRoom/AttachmentNg/fad97722-a85f-480e-981b-12307ce1d683
FIGURE 3: LONG SECTION OF DRILLHOLES AND ASSAY
RESULTS FOR ZECA SOUZA TARGET LOOKING
NORTH https://www.globenewswire.com/NewsRoom/AttachmentNg/a732803b-c3a4-4bdb-8755-dcae781b491b
FIGURE 4: CROSS SECTION OF ZECA SOUZA DRILLHOLES
AND ASSAY RESULTS LOOKING
EASThttps://www.globenewswire.com/NewsRoom/AttachmentNg/842daf43-401d-4ccf-ab8a-b091ffa29315
TABLE 1: SUMMARY TABLE OF DRILLING ASSAY RESULTS
FROM ZECA SOUZA TARGET
Hole |
Azimuth(degrees) |
Dip(degrees) |
End of
hole(metres) |
From(metres) |
To(metres) |
Goldinterval(metres) |
Goldgrade(grams/tonne) |
Comment |
20ZS001 |
190 |
-60 |
191.90 |
0.00 |
0.59 |
0.59 |
1.55 |
|
|
|
|
|
129.00 |
130.00 |
1.00 |
0.86 |
|
|
|
|
|
158.00 |
159.00 |
1.00 |
1.27 |
|
20ZS002 |
190 |
-60 |
104.40 |
0.00 |
1.00 |
1.00 |
0.48 |
|
|
|
|
|
25.00 |
26.00 |
1.00 |
1.25 |
|
20ZS003 |
180 |
-60 |
180.00 |
0.00 |
1.00 |
1.00 |
1.14 |
|
|
|
|
|
38.00 |
40.00 |
2.00 |
0.41 |
|
|
|
|
|
50.00 |
51.00 |
1.00 |
0.39 |
|
|
|
|
|
96.00 |
101.00 |
5.00 |
0.33 |
|
|
|
|
|
110.00 |
111.00 |
1.00 |
0.44 |
|
|
|
|
|
120.00 |
121.00 |
1.00 |
0.31 |
|
|
|
|
|
152.00 |
157.00 |
5.00 |
1.73 |
|
|
|
including |
|
154.5.00 |
157.00 |
2.50 |
3.25 |
|
|
|
|
|
173.00 |
178.00 |
5.00 |
0.36 |
Bottomed in mineralization |
20ZS004 |
|
|
107.10 |
26.20 |
27.00 |
0.80 |
0.84 |
|
|
|
|
|
32.00 |
33.00 |
1.00 |
0.36 |
|
|
|
|
|
43.00 |
44.00 |
1.00 |
0.34 |
|
|
|
|
|
46.00 |
47.00 |
1.00 |
0.42 |
|
|
|
|
|
48.00 |
49.00 |
1.00 |
0.43 |
|
|
|
|
|
71.00 |
72.00 |
1.00 |
1.39 |
|
|
|
|
|
105.00 |
106.00 |
1.00 |
3.35 |
Bottomed in mineralization |
20ZS005 |
180 |
-60 |
135.22 |
0.00 |
30.00 |
30.00 |
0.33 |
|
|
|
including |
|
3.00 |
5.00 |
2.00 |
0.68 |
|
|
|
|
|
9.00 |
21.10 |
12.10 |
0.52 |
|
|
|
|
|
61.00 |
109.35 |
48.35 |
0.33 |
|
|
|
including |
|
76.00 |
87.00 |
11.00 |
0.81 |
|
22ZS006 |
180 |
-60 |
202.34 |
7.26 |
9.00 |
1.74 |
3.72 |
|
|
|
|
|
143.00 |
147.00 |
4.00 |
0.44 |
|
22ZS007 |
180 |
-60 |
213.56 |
22.67 |
23.82 |
1.15 |
1.41 |
|
|
|
|
|
82.00 |
83.00 |
1.00 |
0.33 |
|
|
|
|
|
96.00 |
98.00 |
2.00 |
0.34 |
|
|
|
|
|
107.00 |
114.00 |
7.00 |
0.88 |
|
|
|
|
|
170.32 |
173.00 |
2.68 |
1.66 |
|
22ZS008 |
180 |
-60 |
207.99 |
103.00 |
104.00 |
1.00 |
0.33 |
|
22ZS009 |
180 |
-60 |
265.34 |
7.00 |
8.47 |
1.47 |
0.70 |
|
|
|
|
|
13.00 |
15.00 |
2.00 |
0.38 |
|
|
|
|
|
31.00 |
31.88 |
0.88 |
0.37 |
|
|
|
|
|
41.00 |
41.60 |
0.60 |
0.67 |
|
|
|
|
|
47.00 |
48.30 |
1.30 |
0.64 |
|
|
|
|
|
132.00 |
133.00 |
1.00 |
0.31 |
|
|
|
|
|
220.00 |
221.00 |
1.00 |
0.33 |
|
|
|
|
|
237.00 |
239.00 |
2.00 |
0.82 |
Bottomed in mineralization |
Hole |
Azimuth(degrees) |
Dip(degrees) |
End of
hole(metres) |
From(metres) |
To(metres) |
Goldinterval(metres) |
Goldgrade(grams/tonne) |
Comment |
22ZS010 |
180 |
-60 |
248.40 |
30.00 |
31.20 |
1.20 |
0.45 |
|
|
|
|
|
42.00 |
43.00 |
1.00 |
0.30 |
|
|
|
|
|
83.00 |
85.00 |
2.00 |
0.84 |
|
|
|
|
|
155.00 |
156.00 |
1.00 |
0.79 |
|
|
|
|
|
212.00 |
248.40 |
36.40 |
0.47 |
|
|
|
including |
|
212.00 |
216.00 |
4.00 |
0.81 |
|
|
|
including |
|
233.00 |
238.00 |
5.00 |
2.00 |
Bottomed in mineralization |
22ZS011 |
180 |
-60 |
193.58 |
4.00 |
7.00 |
3.00 |
0.32 |
|
|
|
|
|
22.00 |
23.00 |
1.00 |
0.36 |
|
|
|
|
|
34.00 |
37.00 |
3.00 |
0.39 |
|
|
|
|
|
103.00 |
118.00 |
15.00 |
5.78 |
|
|
|
including |
|
115.00 |
118.00 |
3.00 |
28.24 |
Visible gold |
|
|
including |
|
115.00 |
116.34 |
1.34 |
59.60 |
Visible gold |
22ZS012 |
180 |
-60 |
262.74 |
42.83 |
43.60 |
0.77 |
0.33 |
|
|
|
|
|
103.00 |
104.00 |
1.00 |
0.30 |
|
|
|
|
|
111.00 |
112.00 |
1.00 |
0.41 |
|
|
|
|
|
178.00 |
179.00 |
1.00 |
2.01 |
|
|
|
|
|
207.00 |
217.00 |
10.00 |
0.50 |
|
|
|
including |
|
207.00 |
210.00 |
3.00 |
1.29 |
|
|
|
|
|
217.00 |
246.00 |
4.00 |
1.19 |
|
|
|
including |
|
242.00 |
244.00 |
2.00 |
2.04 |
Bottomed in mineralization |
22ZS013 |
180 |
-60 |
231.84 |
30.00 |
31.00 |
1.00 |
0.59 |
|
|
|
|
|
98.00 |
100.00 |
2.00 |
0.49 |
|
22ZS014 |
180 |
-60 |
250.00 |
49.00 |
50.00 |
1.00 |
0.40 |
|
|
|
|
|
88.00 |
121.00 |
33.00 |
0.53 |
|
|
|
including |
|
108.00 |
113.00 |
5.00 |
1.04 |
|
|
|
including |
|
119.00 |
121.00 |
2.00 |
3.67 |
|
|
|
|
|
170.24 |
171.00 |
0.76 |
43.50 |
Visible gold |
Notes
- Assumes 0.25 g/t gold cut-off grade,
no top cut
- Intervals represent drill core
interval; true widths have not been determined at this time
FIGURE 5: HOLE 22ZS014 – VISIBLE GOLD IN
MILLIMETRE-SCALE SILICIFIED VEINLETS CROSS-CUTTING HYDROTHERMALLY
ALTERED PERTHITIC GRANITE FROM 170.24 TO 171.0
METREShttps://www.globenewswire.com/NewsRoom/AttachmentNg/04df7065-6b9e-423e-a8a8-9f358c0d4b2f
FIGURE 6: HOLE 22ZS011 – VISIBLE GOLD IN
CENTIMETRE-SCALE CROSS-CUTTING SILICIFIED VEINLET WITHIN
HYDROTHERMALLY ALTERED PERTHITIC
GRANITEhttps://www.globenewswire.com/NewsRoom/AttachmentNg/2f5dad0a-946d-4bc5-bb30-be0650be073c
FIGURE 7: HOLE 22ZS011 – VISIBLE GOLD IN
CENTIMETRE-SCALE SILICIFIED VEINLETS CROSS-CUTTING HYDROTHERMALLY
ALTERED PERTHITIC GRANITE FROM 115 TO 118 METRES (width of core is
4.9
centimetres)https://www.globenewswire.com/NewsRoom/AttachmentNg/f1f43a1e-70c6-491a-b0f2-e41622afd1ea
TABLE 2: SUMMARY TABLE OF DRILL ASSAY RESULTS FROM
CANELEIRA TARGET
Hole |
Azimuth(degrees) |
Dip(degrees) |
End of hole(metres) |
From(metres) |
To(metres) |
Goldinterval(metres) |
Goldgrade(grams/tonne) |
Comment |
LDH-110 |
198 |
-60 |
149.1 |
70.4 |
106.5 |
36.1 |
1.42 |
|
|
|
|
including |
70.4 |
89.5 |
19.1 |
1.99 |
|
|
|
|
including |
78.5 |
88.5 |
10.0 |
3.12 |
|
|
|
|
including |
84.5 |
85.5 |
1.0 |
14.90 |
|
|
|
|
including |
98.5 |
103.5 |
5.0 |
2.19 |
|
|
|
|
|
120.5 |
149.1 |
28.6 |
0.36 |
|
|
|
|
including |
120.5 |
132.5 |
12.0 |
0.52 |
|
|
|
|
including |
143.5 |
144.5 |
1.0 |
5.89 |
Bottomed in mineralization |
LDH-111 |
190 |
-60 |
130.65 |
0.0 |
129.0 |
129.0 |
0.34 |
|
|
|
|
including |
0.0 |
32.0 |
32.0 |
0.80 |
|
|
|
|
including |
17.0 |
29.0 |
12.0 |
1.69 |
|
|
|
|
including |
25.0 |
27.0 |
2.0 |
9.06 |
|
|
|
|
including |
25.0 |
26.0 |
1.0 |
17.67 |
|
|
|
|
including |
35.0 |
40.0 |
5.0 |
0.32 |
|
|
|
|
including |
63.5 |
76.5 |
13.0 |
0.32 |
|
|
|
|
including |
63.5 |
67.5 |
4.0 |
0.63 |
|
|
|
|
including |
91.5 |
94.5 |
3.0 |
0.60 |
Bottomed in mineralization |
LDH-112 |
196 |
-60 |
201.25 |
80.0 |
83.0 |
3.0 |
1.27 |
|
|
|
|
|
88.0 |
89.0 |
1.0 |
0.43 |
|
|
|
|
|
100.0 |
102.0 |
2.0 |
0.48 |
|
|
|
|
|
105.0 |
106.0 |
1.0 |
0.88 |
|
|
|
|
|
110.0 |
111.0 |
1.0 |
0.29 |
|
|
|
|
|
121.0 |
129.0 |
8.0 |
0.44 |
|
|
|
|
including |
124.0 |
125.0 |
1.0 |
1.36 |
|
|
|
|
|
136.0 |
137.0 |
1.0 |
1.11 |
|
|
|
|
|
161.0 |
165.0 |
4.0 |
0.35 |
|
|
|
|
including |
163.0 |
164.0 |
1.0 |
0.94 |
|
|
|
|
|
178.0 |
180.0 |
2.0 |
0.75 |
|
LDH-113 |
196 |
-60 |
195.15 |
46.0 |
72.5 |
26.5 |
0.57 |
|
|
|
|
including |
46.0 |
50.0 |
4.0 |
1.05 |
|
|
|
|
including |
57.0 |
65.0 |
8.0 |
0.80 |
|
|
|
|
|
85.0 |
86.0 |
1.0 |
0.37 |
|
|
|
|
|
92.0 |
106.0 |
14.0 |
0.65 |
|
|
|
|
including |
93.0 |
101.0 |
8.0 |
0.97 |
|
|
|
|
|
118.0 |
119.0 |
1.0 |
0.28 |
|
LDH-114 |
|
|
|
8.0 |
20.0 |
12.0 |
0.49 |
|
|
|
|
|
33.0 |
35.0 |
2.0 |
0.65 |
|
|
|
|
|
38.0 |
42.0 |
4.0 |
0.38 |
|
|
|
|
|
53.0 |
83.0 |
30.0 |
0.51 |
|
|
|
|
including |
53.0 |
60.0 |
7.0 |
0.74 |
|
|
|
|
including |
67.0 |
70.0 |
3.0 |
0.87 |
|
|
|
|
|
127.5 |
132.0 |
4.5 |
1.18 |
|
|
|
|
|
156.0 |
159.0 |
3.0 |
2.23 |
|
|
|
|
|
163.0 |
167.4 |
4.4 |
1.14 |
|
|
|
|
|
181.3 |
198.0 |
16.7 |
0.82 |
|
|
|
|
including |
185.0 |
191.0 |
6.0 |
1.04 |
|
|
|
|
|
201.0 |
202.0 |
1.0 |
0.31 |
|
|
|
|
|
208.0 |
209.0 |
1.0 |
0.70 |
|
|
|
|
|
213.0 |
250.0 |
37.0 |
0.55 |
|
|
|
|
including |
229.0 |
232.0 |
3.0 |
0.78 |
|
|
|
|
including |
244.0 |
250.0 |
6.0 |
1.32 |
|
|
|
|
|
250.0 |
263.0 |
13.0 |
0.29 |
|
|
|
|
including |
259.0 |
260.0 |
1.0 |
1.07 |
|
|
|
|
|
271.0 |
272.0 |
1.0 |
3.54 |
|
Hole |
Azimuth(degrees) |
Dip(degrees) |
End of hole(metres) |
From(metres) |
To(metres) |
Goldinterval(metres) |
Goldgrade(grams/tonne) |
Comment |
LDH-114 |
|
|
|
297.0 |
298.0 |
1.0 |
0.83 |
Bottomed in mineralization |
LDH-115 |
|
|
|
41.0 |
44.0 |
3.0 |
0.29 |
|
|
|
|
|
69.0 |
71.0 |
2.0 |
15.98 |
|
|
|
|
including |
69.0 |
70.0 |
1.0 |
31.57 |
Visible gold |
|
|
|
|
171.0 |
172.0 |
1.0 |
0.75 |
|
|
|
|
|
183.0 |
186.0 |
3.0 |
0.40 |
|
|
|
|
including |
183.0 |
184.0 |
1.0 |
0.83 |
|
|
|
|
|
192.0 |
208.0 |
16.0 |
0.27 |
|
|
|
|
including |
192.0 |
194.0 |
2.0 |
0.72 |
|
|
|
|
|
237.0 |
238.0 |
1.0 |
0.25 |
|
|
|
|
|
245.0 |
246.0 |
1.0 |
0.28 |
|
|
|
|
|
268.0 |
269.0 |
1.0 |
0.33 |
|
|
|
|
|
276.0 |
277.0 |
1.0 |
0.61 |
|
|
|
|
|
285.0 |
286.0 |
1.0 |
0.32 |
|
|
|
|
|
290.0 |
291.0 |
1.0 |
0.50 |
|
|
|
|
|
294.0 |
296.0 |
2.0 |
0.73 |
Bottomed in mineralization |
LDH-116 |
|
|
|
102.0 |
103.0 |
1.0 |
0.31 |
|
|
|
|
|
114.0 |
121.0 |
7.0 |
0.42 |
|
|
|
|
|
125.0 |
127.0 |
2.0 |
0.50 |
|
|
|
|
|
138.0 |
140.0 |
2.0 |
0.38 |
|
|
|
|
|
142.0 |
144.0 |
2.0 |
0.56 |
|
|
|
|
|
150.0 |
152.0 |
2.0 |
0.36 |
|
LDH-117 |
|
|
|
24.0 |
28.0 |
4.0 |
0.49 |
|
LDH-118 |
|
|
|
84.0 |
85.0 |
1.0 |
0.37 |
|
LDH-119 |
|
|
|
43.0 |
44.0 |
1.0 |
13.01 |
|
|
|
|
|
74.0 |
75.0 |
1.0 |
0.36 |
|
LDH-120 |
|
|
|
|
|
|
|
No significant Intercepts |
LDH-121 |
|
|
|
0.0.0 |
1.57 |
1.57 |
1.20 |
|
|
|
|
|
62.0 |
63.0 |
1.0 |
0.35 |
|
|
|
|
|
75.0 |
76.0 |
1.0 |
0.70 |
|
Notes
- Assumes 0.25 g/t gold cut-off grade,
no top cut
- Intervals represent drill core
interval; true widths have not been determined at this time
FIGURE 8: RELATIONSHIP BETWEEN MAGNETIC LOW SIGNATURE (COOL
COLOURS) AND THE CANELEIRA AND ZECA SOUZA GOLD
TARGETShttps://www.globenewswire.com/NewsRoom/AttachmentNg/9334c0fc-9f66-4877-a862-dc35cc9ce686
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