Welcome to our dedicated page for Lavras Gold news (Ticker: LGCFF), a resource for investors and traders seeking the latest updates and insights on Lavras Gold stock.
Lavras Gold Corp. (LGCFF) generates frequent technical and corporate news as it advances the Lavras do Sul (LDS) gold exploration project in southern Brazil. Company releases focus on exploration drilling at the Butiá Gold Deposit and the adjoining Fazenda do Posto Gold Discovery, together referred to as the Fazenda/Butiá Project on the western edge of the LDS Project.
Recent news items highlight broad intervals of gold mineralization from diamond drilling, including long continuous zones with higher-grade subintervals that support the company’s interpretation of an intrusive-hosted, possibly alkaline-related gold system. Updates often detail specific drill holes, intervals and grades, along with discussion of geological controls, alteration patterns and geometallurgical domains being defined across the district.
Beyond drill results, Lavras Gold’s news flow covers progress on environmental and social impact studies, metallurgical test work on composite samples from Butiá and Fazenda, and steps toward permitting such as Environmental Impact Assessments and preparation for license applications. Corporate updates address exploration strategy across the approximately 23,000-hectare LDS land package, leadership changes, incentive grants, and outcomes of shareholder meetings.
Investors following LGCFF news can also read about Lavras Gold’s participation in regional mining forums and community events in Rio Grande do Sul, reflecting its engagement with local stakeholders around Lavras do Sul. This news page brings together these exploration, technical, corporate and community developments in one place, allowing readers to review the company’s ongoing work at its district-scale gold project over time.
Lavras Gold Corp. (LGCFF) announced significant gold discoveries at its Fazenda do Posto Gold Target in the LDS Project, Southern Brazil. Drilling results reveal:
Highlights:
- Hole 24FP016: 2.9 g/t gold over 59m, including 4.3 g/t over 32m and 30.3 g/t over 1m.
- Hole 24FP017: 0.7 g/t gold over 301m from surface, including multiple higher-grade subintervals.
- Hole 24FP020: 0.9 g/t gold over 120m from 145m, including higher-grade subintervals.
Gold mineralization starts at surface and goes down to 400m depth, with an areal extent of 200m. The target is open in multiple directions, suggesting potential for significant expansion. Current findings support the short-term goal of defining an economically feasible gold resource at the LDS Project.
Lavras Gold has drilled 7,060m in 24 holes over the past year and plans to continue exploration with a third drill mobilized to the Caneleira concession.
Lavras Gold Corp. (TSXV: LGC, OTCQX: LGCFF) announced promising results from seven new drillholes at the Butiá Gold Deposit in southern Brazil. The findings include a significant 1.4 g/t gold over 236 meters from surface, featuring higher-grade subintervals like 1.6 g/t gold over 199 meters and 2.4 g/t gold over 20 meters. These results are part of efforts to convert inferred resources to measured and indicated categories and to increase the gold endowment. The Butiá Gold Deposit currently hosts an NI 43-101 compliant gold resource of about 0.5 million ounces. CEO Michael Durose highlighted the near-surface gold grades and the potential for an open-pit mine. Drilling continues at the adjacent Fazenda do Posto target.
Lavras Gold Corp. (TSXV: LGC, OTCQX: LGCFF) announced the results of its 2024 Annual & Special Meeting held on June 12, 2024. Shareholders approved the reappointment of Davidson & Company LLP as the company's auditor and an omnibus long-term incentive plan. Additionally, seven directors were elected: David Birkett, Michael Durose, Johnathan Hill, Lawrence Lepard, Michael Mutchler, Rostislav Raykov, and Rowland Uloth, with Uloth continuing as Chairman of the Board.
Lavras Gold Corp. (TSXV: LGC, OTCQX: LGCFF) announced the issuance of 1,454,000 stock options and 101,419 Restricted Share Units (RSUs) to its directors, officers, consultants, and employees. The stock options allow the purchase of common shares at $1.70 per share, expiring on May 30, 2029. The RSUs, granted to officers, vest on May 30, 2025, and will be settled with company shares. This issuance follows the company's standard practice, aligning with a similar grant given in 2023.
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