Lavras Gold Corp. explores and develops gold assets at the Lavras do Sul Project in Rio Grande do Sul, Brazil. Company updates center on district-scale work across its 23,000-hectare LDS Project, including drilling and assay results at the Butiá Gold Deposit, Fazenda do Posto Gold Discovery, Caneleira target, and other prospects within the Lavras do Sul alkaline intrusive complex.
Recurring developments also include engineering studies, mine planning, process plant and infrastructure work, permitting activities for Butiá-Fazenda do Posto, technical reviews of geological models, and corporate actions such as equity incentive awards and leadership or governance changes.
Rostislav Raykov, a director of Lavras Gold Corp. (LGCFF), has filed an early warning report regarding the acquisition of 245,600 common shares in the company. The transaction took place on October 16, 2024 through the TSX Venture Exchange. Prior to this acquisition, Raykov held 5,105,430 common shares and options to purchase 270,000 more, representing about 9.94% of outstanding shares (10.42% on a partially diluted basis). After the acquisition, Raykov's holdings increased to 5,351,030 common shares plus the same options, now representing approximately 10.42% of outstanding shares (10.89% on a partially diluted basis).
The acquisition was made for investment purposes, and Raykov may adjust his holdings in the future based on market conditions and other factors. The full report is available on SEDAR+ or by request from Raykov directly.
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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