Olaria
Located in the central portion of the LDS Intrusive Complex
The Olaria target, approximately 3 kilometres to the north of Lavras Gold’s Butiá Gold Deposit, is within the larger Caneleira Mining Concession. Gold was present in all three holes drilled into this target in 2024 with results including 1.0 g/t gold over 65 metres, including 4.5 g/t gold over 5 metres.
The purpose of these drillholes was two-fold: (1) to test the downdip potential of an historical drillhole (LDH-105), drilled by a predecessor company in 2007 that tested the Olaria gold target along a postulated east-west structure; and (2) to test for gold mineralization across a reinterpreted northeast-southwest trending structure.
Historical drillhole LDH-105 was drilled on an azimuth of 220 degrees and encountered nine discrete intervals of gold mineralization ranging from 1.00 metres to 12.00 metres with gold grades ranging from 0.4 g/t gold to 4.5 g/t gold. The best intercept was 12.00 metres grading 4.5 g/t gold from a depth of 26.0 metres. Olaria represents a structurally controlled cataclastic-style of mineralization within the Lavras do Sol Intrusive Complex. This is very different from the metasomatic style of disseminated mineralization found along the western edge of the intrusion at Butiá and Fazenda do Posto. Nevertheless, a long continuous interval of potentially economic gold mineralization over more than 50 metres at depths relatively close to surface confirms that Olaria has significant exploration potential.
Cross Section View Looking Northeast of Olaria Drillholes. (Inset Map is Plan View) Showing Composites Gold Results
24CNO-002 183.0m to 184.0 m. High grade cataclastic texture 183.0m-184.0 m – Olaria discovery. Broken dark red hematite alteration in feldspar minerals, carbonate veinlets, muscovite (phengite mica). Very fine-grained sulphides in matrix (9.16 g/t Au, 8.27 g/t Ag, 250 ppm Pb).
