Lavras Gold Corp. Provides Corporate Update
Rhea-AI Summary
Lavras Gold (OTCQX:LGCFF) provided a corporate update on its LDS Project in Rio Grande do Sul, Brazil, announcing a strengthened Brazilian team, a planned ~20,000 metres of diamond drilling in 2026, and parallel development of the Butiá/Fazenda do Posto target.
The company reported completion of initial flora and fauna campaigns, hydrogeological work, noise and vibration analyses and preliminary metallurgical testing. Lavras Gold aims to complete a PEA and EIA by August 2026 and submit the Preliminary License application by October 2026. The company also engaged Target IR at $10,000/month for six months and announced an IR resignation effective November 21, 2025.
Positive
- 20,000 metres diamond drilling planned for 2026
- Target to complete PEA and EIA by August 2026
- EIA work progressed: flora/fauna, hydrogeology, noise, vibration completed
- Preliminary metallurgical testing completed on potential polygon
Negative
- None.
News Market Reaction
On the day this news was published, LGCFF gained 0.36%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - November 24, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras Gold" or the "Company") is pleased to provide a corporate update on recent progress it has made in advancing its LDS Project, situated near the town of Lavras do Sul in Rio Grande do Sul State, Brazil.
Earlier this month, the Lavras Gold management team consisting of Hemdat Sawh, Interim President & CEO and CFO, Jon Hill, Interim V.P. Exploration, and Mike Mutchler, Interim COO, met with the Company's Brazilian team to review current operations. Following this review, the Company has decided to restructure the Brazilian team to focus on: both exploration and development; execution of Lavras Gold's strategy to continue exploration throughout the Company's 23,000 hectares district scale tenement portfolio ("LDS Project"); and the application for the Butiá/Fazenda do Posto Preliminary License ("LP").
Lavras Gold will continue an exploration strategy to aggressively leverage its district scale portfolio of high-quality targets within the LDS Project covering the Lavras do Sul Intrusive Suite in parallel with progressing the focused development of Butiá/Fazenda do Posto. Approximately, 20,000 metres of diamond drilling is planned for 2026, targeting mineral resources growth at established targets and selected priority targets with potential to add material inventory in the near term.
The Environmental Impact Assessment ("EIA") on the Butiá/Fazenda do Posto potential polygon is progressing well with completion of the first flora and fauna campaigns, initial hydrogeological analysis, noise and vibration analyses and preliminary metallurgical testing. The Company will also continue to advance the socio-economic studies and engagement with the Quilombola communities and is in the process of engaging the engineering firm that will initiate mine plan and sequence, mine closure, infrastructure, plus resource and reserve model assessment as Lavras Gold moves towards a Preliminary Economic Assessment ("PEA"). The Company aims to complete both the PEA and the EIA by August 2026 and submit the LP application by October 2026.
The Company also announces the resignation of Naomi Nemeth, former Vice President Investor Relations, from the Company, effective November 21, 2025. The Company entered into an investor relations consulting agreement (the "Consulting Agreement") with 2608124 Ontario Inc. (dba Target IR & Communications) (“Target IR”) for investor relations and communication services and has been engaged to heighten market awareness, which includes IR planning, message development, program execution and social media content creation and management. The Consulting Agreement has an initial term of six (6) months, effective November 24, 2025, and the monthly fee payable to Target IR is
Jonathan Hill, Director and Interim Vice President of Exploration for Lavras Gold Corp., is the "Qualified Person" as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information contained in this release.
About Lavras Gold Corp.
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) is a Canadian exploration company focused on realizing the potential of its LDS Project situated in a highly prospective gold district in southern Brazil. The LDS Project is located near the town of Lavras do Sul in Rio Grande do Sul, in Rio Grande do Sul State of Brazil and is primarily an intrusive hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the LDS Project properties, which span more than 23,000 hectares. Follow Lavras Gold on www.lavrasgold.com, as well as on LinkedIn, Twitter, and YouTube.
On Behalf of Lavras Gold Corp.
"Hemdat Sawh"
Interim President & CEO, and CFO
For further information, please visit the Lavras Gold Corp. website at www.lavrasgold.com, or contact:
Hemdat Sawh, Interim President & CEO, and CFO
Phone: +1-289-624-1375
Email: investor@lavrasgold.com
Website: www.lavrasgold.com
X (Twitter): @LavrasGold
LinkedIn: https://www.linkedin.com/company/lavras-gold-corp
Disclaimer: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements"). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, are forward-looking statements that involve various risks and uncertainties, including regarding the Company's plans to carry out work, complete a technical report and a PEA. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275612
FAQ
What drilling program did Lavras Gold (LGCFF) announce for 2026?
When does Lavras Gold (LGCFF) expect to complete its PEA and EIA for Butiá/Fazenda do Posto?
What is Lavras Gold's (LGCFF) timeline to submit the Preliminary License (LP)?
What environmental and technical studies has Lavras Gold (LGCFF) completed so far at Butiá/Fazenda do Posto?
Who will handle Lavras Gold's (LGCFF) investor relations and what are the fees?
Did Lavras Gold (LGCFF) announce any personnel changes on November 24, 2025?
