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Overview
Highly prospective with deposits and discoveries scattered throughout
The LDS Project is centred on the town of Lavras do Sul in Rio Grande do Sul, Brazil. It is approximately 320 kilometres, or a 4.5-hour drive, from the state capital of Porto Alegre. The Company, through its subsidiary, holds directly or indirectly, contractual interests over 37 mineral rights covering roughly 23,400 hectares.
LDS Project – Mineral resources at Cerrito and Butia, multiple new discoveries and over two dozen mineralized targets
Multiple deposits, discoveries & targets leads to geological variability & mining flexibility
| Asset | Target | Stage | Resource/Highlight |
| Cerrito | Deposit | Resource: Indicated = 188,000 ozs, Inferred = 293,500 ozs of gold | |
| Butiá | Deposit | Resource: Measured & Indicated = 377,000 ozs, Inferred = 114,100 ozs of gold, ongoing drilling | |
| 1 | Zeca Souza | Discovery | 15m of 5.8 g/t gold 4m of 43.6 g/t gold 3m of 28.2 g./t gold |
| 2 | Caneleira | Discovery | 36.1m of 1.4 g/t gold |
| 3 | Matilde | Discovery | 0.7 g/t gold over 144.6m, including 27m grading 1.1 g/t gold |
| 4 | Matilde Extension | Discovery | 10m of 13.2 g/t gold, 22.9 g/t silver, 0.22% copper |
| 5 | Galvao | Discovery | 10m of 4.6 g/t gold from 532m down the drillhole |
| 6 | Vila Marieta | Discovery | 28m of 1.3 g/t gold from surface |
| 7 | Fazenda do Posto | Discovery | Discovery hole: 340m of 1.1g/t gold drilling is ongoing Follow-up hole: 204m of 1.0g/t gold, including 64m of 1.9g/t gold |
Mineralization at Lavras do Sul does not fit neatly into any one deposit type or classification. As such, our understanding of the system driving mineralization is continually evolving as we receive and interpret new results. However, there is significant evidence to suggest that LDS has the potential to be on par with a very large, world-class mineral system.
The LDS intrusive complex is a multiphase intrusive centre that is surrounded by coeval volcanic rocks to the east. Geologically, LDS is in the far south of the Neoproterozoic Mantiqueira Province, a 2,700-kilometre long belt of tectonically and magmatically accreted terrains that stretch as far south as the coastline of central Uruguay and north into southern Bahia State in Brazil.
The most advanced targets are the Butiá and Cerrito gold deposits, each of which has a Mineral Resource Estimate (see Resources & Reserves).
Lavras Gold’s extensive exploration program on the property includes a detailed review of a large historical database, regional soil surveys, regional aeromagnetic surveys, ground geophysics, geological mapping, rock sampling, trenching, diamond drilling, and detailed petrographic studies on drill core.