Lavras Gold Corp. Intersects 1.8 g/t Gold over 123 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update

Drilling intersection includes 4.1 g/t gold over 21 meters, including 8.5 g/t gold over 1 metre

Toronto, Ontario–(Newsfile Corp. – March 3, 2025) – Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) (“Lavras Gold” or the “Company”) is pleased to release the results from 18 new drill holes testing the Butiá Gold Deposit (“Butiá” or “Butiá Gold Deposit”), located at the western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in all 18 holes reported in this news release at Butiá, which hosts a Mineral Resource Estimate of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category. Several of these 18 new holes returned more than 100 metres of continuous gold mineralization characterized by higher-grade subintervals. Several holes were designed to increase the confidence in the Butiá gold resource (converting the Inferred Resource into the Measured & Indicated categories) and others to potentially increase the gold endowment as explained below.

The Company has engaged SGS Laboratory in Belo Horizonte, Brazil to complete a comprehensive metallurgical test program for Butiá mineralization with testwork currently underway. These new drill results and initiatives continue to move Lavras Gold toward its short-term corporate goal of defining an economically feasible gold resource on the LDS Project, focused on the Butiá Gold Deposit and the adjacent Fazenda do Posto gold target.

HIGHLIGHTS
Drilling
Hole 24BT034 returned:

  • 123.0 metres grading 1.8 g/t gold from 69.0 metres, and including:
    • 21.0 metres grading 4.1 g/t gold from 137.0 metres, and including
      • 1.0 metres grading 6.8 g/t gold from 137.0.0 metres,
      • 1.0 metres grading 8.5 g/t gold from 154.0 metres.
    • 2.0 metres grading 5.3 g/t gold from 174.0 metres, and including
      • 1.0 metres grading 5.9 g/t gold from 174.0 metres.

Hole 24BT036 intersected:

  • 191.0 metres grading 1.0 g/t gold from 50.0 metres and including:
    • 2.0 metres grading 2.1 g/t gold from 57.0 m
    • 50.0 metres grading 2.2 g/t gold from 70.0.0 metres, and including:
    • 26.0 metres grading 3.8 g/t gold from 90.0 metres, and including
    • 1.0 metres grading 37.2 g/t gold from 110.0 metres,
    • 15.0 metres grading 1.3 g/t gold from 164.0 metres,
    • 3.0 metres grading 1.3 g/t gold from 191.0 metres,
    • 11.0 metres grading 1.3 g/t gold from 210.0 metres.

“In addition to making new discoveries in this highly prospective gold district, our short-term goal remains the delineation of an economically feasible gold mine on the LDS Project. The results from this new round of drilling are critical to our understanding of the Butiá Gold Deposit and the northeast/southwest trending structures that play a significant role in the pattern and nature of mineralization at Butiá and, ultimately, the ‘mineability’ of the deposit,” commented Lavras Gold President & CEO Michael Durose.

“The new drilling results continue to demonstrate the excellent near-surface gold grade and continuity of the Butiá Gold Deposit. Long continuous intervals of gold mineralization over more than 100 metres typically with higher-grade subintervals and beginning at or near surface confirm the bulk-tonnage nature of Butiá. This drilling has also significantly increased our depth of understanding of the geological controls to mineralization. Part of the on-going drilling program at Butiá is testing the potential for extensions to mineralization based on our increasingly more detailed and evolving geological model. We have also initiated a detailed metallurgical testing program for Butiá as part of the overall derisking strategy for the project.

“An update of drilling results for Fazenda do Posto target is expected as soon as final assay results are received and the geological interpretation is completed. Drilling is on-going in this area as well as to the north on the Caneleira Concession, where we made our most recent discovery, Olaria.”

[* Footnote: Butiá hosts an Estimated Mineral Resource of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category as detailed in the technical report (the “Butiá Technical Report”) titled “NI 43-101 Technical Report Mineral Resource for the Butiá Gold Prospect Rio Grande do Sul, Brasil”, amended as of November 15, 2024, and originally dated March 21, 2022, with an effective date of January 25, 2022 and prepared for the Corporation by VMG Consultoria e Soluções Ltda, and co-authored by Volodymyr Myadzel, MAIG, as the qualified person responsible for the entire Butiá Technical Report, and Michael C. Durose, P. Geo., and Frank Richard Baker, MIMMM, MAusIMM.]

Discussion of Drill Results – Butiá Deposit

Butiá is the most advanced gold deposit on the LDS Project consisting of the mineral resource as stated above*, located 150 metres east of the recent Fazenda do Posto gold discovery. The purpose of the current drilling program at Butiá is to increase the geological confidence of the existing gold resource by converting a significant portion of inferred geological resources into the measured and indicated categories and to increase the gold endowment of the existing gold resource. Recent drilling results from Butiá were disclosed in the news release dated June 25, 2024. To date, results from 33 Lavras Gold drill holes totaling 9,346 metres of drilling have been disclosed based on the 2023 and 2024 drilling program. This total includes the 18 holes disclosed in this news release (24BT024 to 24BT041). More than 30,000 metres of drilling have been completed at Butiá to date, including historical drilling prior to 2023.

Figure 1 is a general location map for the LDS Project deposits and targets. Details of the locations of the new drill holes can be found in the plan view in Figure 2. A long section looking northeast is shown in Figure 3. Table 1 details all assay results including newly disclosed results in this press release. Table 2 tabulates drill hole information including collar coordinates, drill hole azimuth and drill hole depths.

A primary purpose of the recent drilling was to test the lateral continuity of gold mineralization across a postulated northeast trending structural corridor. Many of the holes were drilled with an azimuth oriented 110 degrees and/or 290 degrees. As shown in Figure 2 and summarized in Table 1, these holes include 24BT034, 24BT036, 24BT037, 24BT039 and 24BT040 and 24BT041. These holes confirm continuous gold mineralization across a northeast trending structure. Gold grades generally increase towards the northwest where sulphide-bearing episyenite is found. Continuous, moderate grade gold is found in the southeast in areas typically associated with mineralized perthitic granite.

Drill holes 24BT034 and 24BT036 confirm good continuous higher grade gold mineralization between vertical holes 23BT016, 23BT019, 24BT023, and 23BT024 that were drilled across a northwest trend and defining continuous gold mineralization from surface to depths of more than 200 metres (see press release June 2024).

Detailed gold assay results by drill hole are summarized in Table 1. The 18 new holes disclosed in this press release are from 24BT024 to 24BT041. Some highlights of the recent drilling results include:

Drill hole 24BT034 was collared 110 metres northwest of drillhole 23BT019 in the north-central portion of the Butiá gold deposit (see Figure 2). The hole was drilled on an azimuth of 110 degrees and inclined 60 degrees. The hole was designed to test the lateral continuity of higher-grade mineralization encountered in vertical hole 23BT019 that returned 236.0 metres grading 1.40 g/t gold from surface (see Figure 3). A long interval of continuous bulk-tonnage disseminated gold mineralization was encountered from 69.0 meters to a depth of 192.0 metres within mineralized episyenite with minor subintervals of perthitic granite as detailed below.

  • Intersected 123.0 metres grading 1.8 g/t gold from 69.0 metres, and including:
    • 21.0 metres grading 4.1 g/t gold from 137.0 metres, and including
    • 1.0 metres grading 6.8 g/t gold from 137.0 metres, and including
    • 1.0 metres grading 7.1 g/t gold from 153.0 metres,
    • 2.0 metres grading 5.3 g/t gold from 174.0 m,
    • 1.0 metres grading 5.9 g/t gold from 174.0 metres

Drill hole 24BT034 confirms continuous gold mineralization across an interpreted northeast trending structure. Significantly, a 21.0 metre subinterval of high-grade gold grading 4.1 g/t gold was encountered in sulphide-bearing episyenite. Several local high-grade intervals of gold ranging from 5.3 g/t gold to 7.1 g/t gold were also found.

Drill hole 24BT036 was collared 140 metres northwest of drillhole 23BT016 and 23BT018 in the central-west portion of the Butiá gold deposit and drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 & Figure 3). The purpose of this hole was to better understand the nature, grade and continuity of gold mineralization in this portion of the deposit across an interpreted northeast trending structure. Continuous gold mineralization was encountered over long intervals in episyenite and mineralized perthitic granite. Higher-grade subintervals have been observed typically within zones of episyenite hosting pyrite and arsenian pyrite. Cross-cutting chlorite quartz-carbonate sulphide veins with visible gold have also been observed (Figure 4). A summary of assay composites is as follows:

  • Returned 272.0 meters grading 0.80 g/t gold from surface and including:
    • 191.0 metres grading 1.0 g/t gold from 50.0 metres and including:
    • 2.0 metres grading 2.1 g/t gold from 57.0 m
    • 50.0 metres grading 2.2 g/t gold from 70.0.0 metres, and including:
    • 26.0 metres grading 3.8 g/t gold from 26.0 metres, and including
    • 1.0 metres grading 37.2 g/t gold from 110.0m
    • 15.0 metres grading 1.3 g/t gold from 164.0 metres,
    • 3.0 metres grading 1.3 g/t gold from 191.0 metres,
    • 11.0 metres grading 1.3 g/t gold from 210.0 metres.

Hole 24BT036 provides a good indication of long continuous gold mineralization laterally to depths of more than 200 metres, and laterally across a northwest-southeast direction.

Drillhole 24BT040 was collared 70 metres southeast of drill hole 24BT036 in the central portion of Butiá. The hole was drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 & Figure 3). Continuous gold mineralization was encountered from surface in mineralized episyenite and perthitic granite as highlighted below:

  • 181.0 m grading 0.7 g/t gold from surface and including:
  • 5.0 m grading 1.0 g/t gold from 34.0m
  • 4.0 m grading 2.0 g/t gold from 48.0 m
  • 3.0 m grading 2.1 g/t gold from 55.0 m
  • 6.0 m grading 1.8 g/t gold from 60.0 m
  • 8.0 m grading 2.0 g/t gold from 66.0 m
  • 4.0 m grading 1.4 g/t gold from 84.0 m
  • 3.0 m grading 2.8 g/t gold from 100.0 m
  • 2.0 m grading 1.5 g/t gold from 112.0 m
  • 3.0 m grading 1.0 g/t gold from 156.0 m
  • 1.0 m grading 1.5 g/t gold from 173.0 m

Please refer to Table 1 for more details.

Drill hole 24BT026 was positioned in the east-central portion of the Butiá gold deposit, 140 metres east of vertical drill hole 23BT019. Drill hole 23BT026 was drilled vertically (see Figure 2 & Figure 3). The purpose was to better grasp the nature of the geology and extent of gold mineralization vertically in this portion of the deposit. Multiple long intervals of gold mineralization consisting mainly of disseminated pyrite +- arsenian pyrite within episyenite and perthitic granite occurred from 119.0 metres to a depth of 491.0 metres. Numerous mineralized intervals were encountered. Highlights are shown below. Refer to Table 1 for more detail:

  • 28.0 metres grading 1.4 g/t gold from 167.0 metres and including:
    • 10.0 metres grading 3.5 g/t gold from 167.0 metres and including
    • 1.0 metres grading 30.6 g/t gold from 169.0 metres
  • 14.0 metres grading 0.8 g/t gold from 391.0 metres and including
    • 6.0 metres grading 1.7 g/t gold from 391.0 metres and including
    • 1.0 metre grading 2.6 g/t gold from 393.0 metres and including
    • 1.0 metre grading 5.5 g/t gold from 395.0 m
  • 10.0 metres grading 1.4 g/t gold from 436.0 m and including:
    • 2.0 metres grading 5.7 g/t gold from 439.0 m and including
    • 1.0 metre grading 8.9 g/t gold from 439.0 m and including

Hole 24BT026 was successful in demonstrating the depth potential of mineralization at Butiá.

Drill hole 24BT037 was collared 70 metres southwest of drill hole 24BT040 and drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 and Figure 3). The purpose was to test the southwestern extension of the deposit. Multiple closely spaced zones of gold mineralization were encountered throughout the hole beginning from 32.0 metres to 331.0 metres. Highlights are as follows:

  • 1.0 metre grading 3.5 g/t gold from 51.0 metres
  • 5.0 metres grading 11.7 g/t gold from 66.0 metres and including
  • 1.0 metre grading 56.9 g/t gold from 67.0 metres
  • 13.0 metres grading 0.5 g/t gold from 78.0 metres including
  • 1.0 metre grading 2.9 g/t gold from, 82.0 metres
  • 11.0 metres grading 1.1 g/t gold from 204.0 metres including
  • 1.0 metre grading 1.7 g/t gold from 204.0 metres and
  • 1.0 metre grading 2.1 g/t gold from 207.0 metres and
  • 1.0 metre grading 1.4 g/t gold from 210.00 metres and
  • 1.0 metre grading 1.3 g/t gold from 212.0 metres and
  • 1.0 metre grading 1.8 g/t gold from 213.0 metres
  • 31.0 metres grading 1.1 g/t gold from 242.0 metres and including
  • 1.0 metres grading 3.9 g/t gold from 248.0 metres and
  • 1.0 metre grading 7.4 g/t gold from 249.0 metres and
  • 1.0 metre grading 5.1 g/t gold from 250.0 metres

Drill hole 24BT038 was positioned along the southeastern edge of the Butiá gold deposit and drilled along an azimuth of 110 degrees at an inclined angle of 60 degrees. The hole encountered 55.0 metres of continuous gold mineralization grading 0.6 g/t gold from 100.0 metres, including several higher-grade subintervals including:

  • 5.0 m grading 2.4 g/t gold from 100.0 metres
  • 8.0 metres grading 1.1 g/t gold from 109.0 metres
  • 2.0 metres grading 1.4 g/t gold from 129.0 metres
  • 1.0 metres grading 1.3 g/t gold from 147.0 metres

Hole 24BT038 was successful in extending the Butiá mineralized footprint to the southeast.

Drill hole 24BT041 was collared in the southeast part of Butiá and drilled along an azimuth of 290 degrees at an inclined angle of 60 degrees. The hole encountered moderate disseminated gold near the top of the hole and better grades at depth. Gold mineralization is hosted within perthitic granite and episyenite. Highlights are detailed below:

  • 2.0 metres grading 0.6 g/t gold from 187.0 metres
  • 1.0 metres grading 0.6 g/t gold from 191.0 metres
  • 4.0 metres grading 0.9 g/t gold from 219.0 m including
  • 1.0 metres grading 1.1 g/t gold from 221.0 metres and
  • 1.0 metres grading 1.8 g/t gold from 222.0 metres
  • 22.0 metres grading 1.2 g/t gold from 233.0 metres including
  • 7.0 metres grading 1.3 g/t gold from 233.0 metres and
  • 1.0 metre grading 1.8 g/t gold from 236.0 metres and
  • 1.0 metre grading 2.3 g/t gold from 238.0 metres and
  • 1.0 metre grading 2.1 g/t gold from 239.0 metres
  • 5.0 metres grading 2.1 g/t gold from 246.0 metres including
  • 1.0 metre grading 3.2 g/t gold from 249.0 metres and
  • 1.0 metre grading 2.2 g/t gold from 250.0 metres
  • 4.0 metres grading 1.0 g/t gold from 253.0 metres including
  • 1.0 metres grading 1.7 g/t gold from 254.0 metres.

Please refer to Table 1 for a complete list of all drill holes and detailed assay results.

Table 1. Summary of Drill Hole Composites from the Butiá Gold Deposit

Drill Hole From To Interval Gold grade Comment
(metres) (metres) (metres) (grams/tonne)
23BT005 0.00 37.00 37.00 0.74 Episyenite/Perthitic Granite
Including 4.00 23.00 19.00 1.17 Saprolite
97.00 99.00 2.00 0.32 Perthitic Granite
101.00 103.00 2.00 0.27 Perthitic Granite
23BT009 54.00 58.00 4.00 0.61 Episyenite
73.00 89.00 16.00 0.63 Episyenite
including 74.00 81.00 7.00 1.14 Episyenite
121.00 186.00 65.00 0.51 Episyenite/Perthitic Granite
141.00 159.16 18.16 0.99 Episyenite
including 127.00 131.00 4.00 0.80 Episyenite
including 141.00 149.00 8.00 1.49 Episyenite
including 142.00 145.00 3.00 2.10 Episyenite
including 168.00 172.00 4.00 1.29 Perthitic Granite
including 177.00 178.00 1.00 0.76 Perthitic Granite/Episyenite
including 182.00 186.00 4.00 0.65 Episyenite/Perthitic Granite
208.00 220.00 12.00 0.89 Perthitic Granite
including 208.00 210.00 2.00 1.22 Perthitic Granite
including 214.00 219.00 5.00 1.50 Perthitic Granite
239.00 242.00 3.00 0.45 Perthitic Granite
including 239.00 240.00 1.00 0.81 Perthitic Granite
23BT010 0.00 46.00 46.00 0.48 Episyenite/Perthitic Granite
Including 0.00 9.00 9.00 1.15 Episyenite
Including 17.00 19.00 2.00 1.18 Episyenite
Including 40.00 42.00 2.00 0.58 Perthitic Granite
Including 45.00 46.00 1.00 0.81 Perthitic Granite
61.00 63.00 2.00 0.44 Perthitic Granite
68.00 73.00 5.00 0.30 Perthitic Granite
96.00 100.00 4.00 0.46 Perthitic Granite
including 96.00 97.00 1.00 1.23 Perthitic Granite
110.00 111.00 1.00 0.51 Episyenite
23BT011 12.00 22.00 10.00 0.76 Perthitic Granite
including 13.00 15.00 2.00 2.64 Perthitic Granite
23BT012 67.00 74.00 7.00 0.51 Episyenite
136.00 246.00 110.00 0.71 Episyenite
Including 142.00 147.00 5.00 1.27 Episyenite
Including 142.00 144.00 2.00 2.68 Episyenite
Including 154.00 174.00 20.00 1.59 Episyenite
Including 154.00 157.00 3.00 4.20 Episyenite
Including 163.00 166.00 3.00 6.06 Episyenite
Including 179.00 182.00 3.00 2.77 Episyenite
Including 191.00 193.00 2.00 4.08 Episyenite
Including 205.00 206.00 1.00 0.90 Episyenite
Including 218.00 220.69 2.69 1.12 Episyenite
Including 227.00 229.00 2.00 0.83 Episyenite
Including 231.50 233.51 2.01 0.80 Episyenite
Including 240.18 242.02 1.84 1.27 Episyenite
Including 243.30 244.00 0.70 1.11 Episyenite
253.53 255.37 1.84 1.59 Perthitic Granite
313.00 332.00 19.00 0.60 Perthitic Granite
Including 325.00 327.00 2.00 1.73 Perthitic Granite
Including 329.00 331.00 2.00 1.43 Perthitic Granite
23BT013 4.00 5.00 1.00 0.44 Perthitic granite
15.00 19.00 4.00 0.30 Perthitic granite
53.00 55.00 2.00 0.35 Perthitic granite
56.00 57.00 1.00 0.26 Perthitic granite
61.00 62.00 1.00 0.44 Perthitic granite
71.00 72.00 1.00 0.60 Perthitic granite
107.00 109.00 2.00 0.34 Perthitic granite
119.00 192.00 73.00 0.74 Episyenite
including 136.00 171.00 35.00 1.18 Episyenite
including 136.00 139.00 3.00 1.00 Episyenite
including 146.00 158.00 12.00 1.54 Episyenite
including 146.00 149.00 3.00 2.21 Episyenite
200.00 201.00 1.00 0.91 Episyenite
202.00 203.00 1.00 0.32 Episyenite
207.00 210.00 3.00 0.59 Episyenite
215.00 217.00 2.00 0.34 Episyenite
218.00 221.00 3.00 1.88 Perthitic granite
225.00 228.00 3.00 0.46 Perthitic granite
231.00 233.00 2.00 0.40 Perthitic granite
236.00 237.00 1.00 0.25 Perthitic granite
245.00 246.00 1.00 0.25 Perthitic granite
248.00 249.00 1.00 0.34 Perthitic granite
257.00 258.00 1.00 0.35 Perthitic granite
23BT014 43.00 47.00 4.00 0.45 Perthitic granite
84.00 85.00 1.00 0.32 Perthitic granite
182.62 185.00 2.38 0.72 Perthitic granite
215.00 216.00 1.00 0.36 Perthitic granite
250.00 260.00 10.00 1.45 Episyenite, vg, gln
23BT015 161.33 162.45 1.12 0.27 Perthitic Granite
182.00 184.00 2.00 0.29 Perthitic Granite
242.00 243.00 1.00 0.24 Perthitic Granite
269.00 274.00 5.00 0.62 Perthitic Granite
including 272.00 273.00 1.00 1.73 Perthitic Granite
23BT016 0.00 160.00 160.00 1.04 Episyenite
including 0.00 109.00 109.00 1.36 Episyenite
including 25.00 54.00 29.00 2.90 Episyenite
including 29.00 34.00 5.00 4.65 Episyenite
including 30.00 48.00 18.00 3.22 Episyenite
183.00 187.00 4.00 0.34
208.00 224.00 16.00 1.03 Episyenite
including 208.00 214.00 6.00 2.06 Episyenite
256.00 257.00 1.00 0.25 Episyenite
263.00 264.00 1.00 0.29 Episyenite
266.00 267.00 1.00 0.28 Episyenite
270.00 287.00 17.00 0.43 Episyenite
292.00 293.00 1.00 0.28 Episyenite
316.00 323.00 7.00 0.35 Episyenite
23BT017 80.00 133.00 53.00 0.54
including 107.00 115.00 8.00 0.99 Episyenite
including 119.00 124.00 5.00 1.48 Episyenite
including 130.00 132.00 2.00 2.53 Episyenite
23BT018 0.00 221.00 221.00 0.81 Episyenite +/- PG
including 0.00 130.00 130.00 1.15 Episyenite +/- PG
including 32.00 42.00 10.00 1.60 Episyenite
including 47.00 57.00 10.00 1.42 Episyenite
including 117.00 125.00 8.00 3.53 Episyenite +/- PG
23BT019 0.00 236.00 236.00 1.35 Episyenite +/- PG
including 1.00 2.00 1.00 1.57 Saprolite
including 37.00 236.00 199.00 1.56 Episyenite +/- PG
including 75.00 149.00 74.00 2.45 Episyenite +/- PG
including 83.31 84.00 0.69 44.40 Visible gold in QV
including 94.00 95.00 1.00 48.30 Visible gold in QV
including 161.00 176.00 15.00 2.09 Episyenite +/- PG
including 185.00 187.86 2.86 3.66 Episyenite
including 195.00 215.00 20.00 2.35 Episyenite +/- PG
24BT020 71.00 72.00 1.00 1.18 PG
24BT021 0.00 3.00 3.00 0.63 Saprolite
22.00 99.00 77.00 0.37 PG +/- Episyenite
including 22.00 25.00 3.00 0.59 PG
including 22.00 23.00 1.00 1.25 PG
including 59.00 99.00 40.00 0.55 PG +/- Episyenite
including 59.00 60.00 1.00 0.54 PG
including 66.00 67.00 1.00 1.04 Metasomatite
including 72.00 96.00 24.00 0.69 PG
108.00 110.00 2.00 0.25 PG
24BT022 34.00 39.00 5.00 0.23 PG
including 34.00 35.00 1.00 0.69 PG
including 38.00 39.00 1.00 0.32 PG
24BT023 0.00 228.00 228.00 1.03 Episyenite +/- PG
including 35.00 135.00 100.00 1.64 Episyenite
including 72.00 228.00 156.00 1.30 Episyenite +/- PG
Including 72.00 213.00 141.00 1.37 Episyenite +/- PG
including 72.00 170.00 98.00 1.71 Episyenite +/- PG
including 72.00 132.00 60.00 2.31 Episyenite +/- PG
including 72.00 92.00 20.00 2.58 Episyenite
including 72.00 77.00 5.00 3.25 Episyenite
including 77.00 82.00 5.00 3.15 Episyenite
including 87.00 92.00 5.00 3.00 Episyenite
24BT024 0.00 1.00 1.00 0.65 Soil
6.00 7.00 1.00 0.34 Saprolite
24.00 30.00 6.00 0.33 Perthitic Granite
32.00 33.00 1.00 0.25 Perthitic Granite
45.00 51.00 6.00 3.89 Episyenite
including 47.00 48.00 1.00 2.87 Episyenite
including 48.00 49.00 1.00 19.58 Episyenite
120.00 122.00 2.00 0.37 Perthitic Granite
139.00 173.00 34.00 0.28 Perthitic Granite
including 157.00 158.00 1.00 0.54 Perthitic Granite
including 163.00 164.00 1.00 1.10 Perthitic Granite
including 170.00 173.00 3.00 0.68 Perthitic Granite
189.00 191.00 2.00 0.28 Perthitic Granite
220.00 224.00 4.00 0.78 Episyenite
including 220.00 221.00 1.00 2.62 Episyenite
227.00 258.00 31.00 0.23 Episyenite
including 228.00 236.00 8.00 0.35 Episyenite
including 248.00 250.00 2.00 0.33 Episyenite
including 253.00 254.00 1.00 0.67 Episyenite
266.00 278.00 12.00 0.32 Perthitic Granite
24BT025 0.00 59.00 59.00 0.39 Perthitic Granite
including 5.00 6.00 1.00 0.30 Perthitic Granite
including 10.00 12.00 2.00 0.64 Perthitic Granite
including 16.00 17.00 1.00 0.37 Perthitic Granite
including 19.00 20.11 1.11 0.38 Perthitic Granite
including 23.00 25.00 2.00 0.44 Perthitic Granite
including 32.00 33.00 1.00 0.25 Perthitic Granite
including 41.00 58.00 17.00 0.89 Perthitic Granite
and 46.00 52.00 6.00 1.62 Perthitic Granite
and 46.00 47.00 1.00 4.03 Perthitic Granite
and 50.00 51.00 1.00 3.51 Perthitic Granite
and 57.00 58.00 1.00 1.82 Perthitic Granite
including 83.00 99.00 16.00 0.43 Perthitic Granite
and 88.00 89.00 1.00 1.87 Perthitic Granite
and 91.00 92.00 1.00 1.00 Perthitic Granite
including 139.00 140.00 1.00 0.23 Perthitic Granite
including 167.00 173.00 6.00 0.26 Perthitic Granite
24BT026 96.00 97.00 1.00 0.45 Perthitic Granite
119.00 133.00 14.00 0.23 Perthitic Granite
including 119.00 121.00 2.00 0.40 Perthitic Granite
including 122.00 124.00 2.00 0.40 Perthitic Granite
including 130.00 133.00 3.00 0.34 Perthitic Granite
149.00 150.00 1.00 0.64 Perthitic Granite
155.00 156.00 1.00 1.11 Perthitic Granite
160.00 161.00 1.00 0.28 Perthitic Granite
167.00 195.00 28.00 1.39 Episyenite/Perthitic Granite
including 167.00 177.00 10.00 3.46 Episyenite/Perthitic Granite
and 169.00 170.00 1.00 30.57 Episyenite/Perthitic Granite
and 176.00 177.00 1.00 1.51 Episyenite/Perthitic Granite
203.00 227.00 24.00 0.30 Perthitic Granite
including 205.00 207.00 2.00 1.64 Perthitic Granite
including 212.00 217.00 5.00 0.36 Perthitic Granite
234.00 235.00 1.00 0.27 Perthitic Granite
239.00 249.00 10.00 0.32 Episyenite
including 240.00 241.00 1.00 0.69 Episyenite
including 243.00 244.00 1.00 0.70 Episyenite
including 246.00 247.00 1.00 0.68 Episyenite
249.00 250.00 1.00 0.33 Episyenite
254.00 255.00 1.00 0.27 Episyenite
271.00 281.00 10.00 0.50 Episyenite
including 272.00 274.00 2.00 1.48 Episyenite
and 272.00 273.00 1.00 2.05 Episyenite
303.00 305.00 2.00 0.34 Perthitic Granite
381.00 384.00 3.00 0.25 Episyenite
including 383.00 384.00 1.00 0.45 Episyenite
391.00 405.00 14.00 0.80 Episyenite
including 391.00 397.00 6.00 1.66 Episyenite
and 393.00 394.00 1.00 2.61 Episyenite
and 395.00 396.00 1.00 5.45 Episyenite
412.00 414.00 2.00 0.29 Perthitic Granite
436.00 446.00 10.00 1.41 Episyenite
including 439.00 441.00 2.00 5.72 Episyenite
including 439.00 440.00 1.00 8.86 Episyenite
488.00 491.00 3.00 0.29 Perthitic Granite
24BT027 128.00 129.00 1.00 0.70 Perthitic Granite
146.00 148.00 2.00 0.90 Perthitic Granite
including 147.00 148.00 1.00 1.59 Perthitic Granite
326.00 342.00 16.00 0.40 Episyenite
including 332.00 339.00 7.00 0.56 Episyenite
333.00 334.00 1.00 0.82 Episyenite
337.00 338.00 1.00 0.84 Episyenite
24BT028 43.00 44.00 1.00 0.26 Perthitic Granite
98.00 100.00 2.00 0.23 Perthitic Granite
187.00 188.00 1.00 0.25 Perthitic Granite
24BT029 24.02 26.00 1.98 0.64 Perthitic Granite
24BT030 162.00 164.00 2.00 5.87 Monzogranite
including 162.00 163.00 1.00 11.40 Monzogranite
280.00 281.00 1.00 3.22 Monzogranite
317.00 318.00 1.00 0.22 Monzogranite
24BT031 1.00 30.00 29.00 0.46 Episyenite
including 15.00 17.00 2.00 0.73 Episyenite
including 15.00 29.00 14.00 0.76 Episyenite
and 21.00 25.00 4.00 0.92 Episyenite
34.00 70.00 36.00 0.15 Perthitic Granite
including 34.00 35.00 1.00 0.46 Perthitic Granite
60.00 62.00 2.00 0.28 Perthitic Granite
63.00 64.00 1.00 0.24 Perthitic Granite
76.00 78.00 2.00 0.12 Perthitic Granite
93.00 95.00 2.00 0.19 Perthitic Granite
99.00 102.00 3.00 0.17 Perthitic Granite
108.00 109.00 1.00 0.32 Perthitic Granite
24BT032 195.00 228.00 33.00 0.23 Perthitic Granite/Episyenite
including 213.00 215.00 2.00 0.61 Episyenite
including 216.00 217.00 1.00 0.26 Episyenite
including 220.00 221.00 1.00 0.27 Episyenite
including 222.00 223.00 1.00 0.26 Episyenite
including 223.00 224.00 1.00 1.57 Episyenite
including 224.00 225.00 1.00 0.44 Episyenite
including 227.00 228.00 1.00 0.26 Perthitic Granite
368.00 369.00 1.00 0.26 Episyenite
396.00 398.00 2.00 0.39 Episyenite
411.00 412.00 1.00 0.27 Episyenite
24BT033 2.00 31.29 29.29 0.71 Episyenite
including 3.00 6.00 3.00 0.84 Episyenite
and 4.00 5.00 1.00 1.21 Episyenite
15.00 16.00 1.00 0.77 Episyenite
24.00 30.00 6.00 2.15 Episyenite
including 29.00 30.00 1.00 6.82 Episyenite
88.00 89.00 1.00 0.24 Perthitic Granite
100.00 106.00 6.00 0.13 Perthitic Granite
133.00 134.00 1.00 0.15 Perthitic Granite
24BT034 24.00 25.00 1.00 0.48 Perthitic Granite
60.00 62.00 2.00 0.26 Episyenite
69.00 192.00 123.00 1.76 Perthitic Granite/Episyenite
including 101.00 102.00 1.00 3.97 Perthitic Granite
including 118.00 120.00 2.00 3.62 Perthitic Granite
including 123.00 124.00 1.00 3.75 Episyenite
137.00 158.00 21.00 4.06 Episyenite
including 137.00 138.00 1.00 6.77 Episyenite
including 142.00 143.00 1.00 4.24 Episyenite
including 147.00 148.00 1.00 5.32 Episyenite
including 148.00 149.00 1.00 3.64 Episyenite
including 149.00 150.00 1.00 1.00 Episyenite
including 150.00 151.00 1.00 2.61 Episyenite
including 151.00 152.00 1.00 3.96 Episyenite
including 152.00 153.00 1.00 4.26 Episyenite
including 153.00 154.00 1.00 7.06 Episyenite
including 154.00 155.00 1.00 8.47 Episyenite
including 155.00 156.00 1.00 5.06 Episyenite
including 156.00 157.00 1.00 5.85 Episyenite
165.00 168.00 3.00 4.82 Episyenite
including 165.00 166.00 1.00 5.04 Episyenite
including 166.00 167.00 1.00 5.46 Episyenite
174.00 176.00 2.00 5.31 Episyenite
Including 174.00 175.00 1.00 5.89 Episyenite
180.00 181.00 1.00 4.43 Episyenite
206.00 207.00 1.00 4.99 Episyenite
227.00 229.00 2.00 0.28 Episyenite
275.00 281.00 6.00 0.25 Episyenite
287.00 288.00 1.00 0.32 Perthitic Granite
24BT035 7.00 15.00 8.00 0.30 Perthitic Granite
18.00 20.00 2.00 0.22 Perthitic Granite
23.00 24.00 1.00 0.40 Perthitic Granite
25.00 26.00 1.00 0.24 Perthitic Granite
92.00 104.00 12.00 0.27 Episyenite
109.00 110.00 1.00 0.28 Perthitic Granite
112.00 113.00 1.00 0.29 Perthitic Granite
24BT036 0.00 272.00 272.00 0.80 Perthitic Granite/Episyenite
6.00 7.00 1.00 0.27 Perthitic Granite
16.00 17.00 1.00 1.08 Perthitic Granite
23.00 27.00 4.00 0.39 Perthitic Granite
33.00 34.00 1.00 11.86 Perthitic Granite
50.00 51.00 1.00 0.33 Episyenite
57.00 59.00 2.00 2.06 Episyenite
64.00 65.00 1.00 1.17 Episyenite
65.00 90.00 25.00 0.54 Episyenite
90.00 91.00 1.00 1.09 Episyenite
90.00 116.00 26.00 3.75 Episyenite
including 110.00 111.00 1.00 37.23 Episyenite
including 114.00 115.00 1.00 11.40 Episyenite
including 115.00 116.00 1.00 24.80 Episyenite
118.00 127.00 9.00 0.37 Episyenite
131.00 134.00 3.00 0.26 Episyenite
147.00 148.00 1.00 2.12 Episyenite
156.00 164.00 8.00 0.65 Episyenite
164.00 179.00 15.00 1.32 Episyenite
including 170.00 171.00 1.00 2.24 Episyenite
including 174.00 179.00 5.00 2.01 Episyenite
179.00 191.00 12.00 0.53 Episyenite
191.00 194.00 3.00 1.30 Episyenite
194.00 204.00 10.00 0.55 Episyenite
204.00 206.00 2.00 0.98 Episyenite
206.00 210.00 4.00 0.43 Episyenite
210.00 221.00 11.00 1.33 Episyenite
221.00 241.00 20.00 0.27 Episyenite
241.00 282.00 41.00 0.22 Episyenite
including 259.00 260.00 1.00 0.35 Perthitic Granite
including 280.00 282.00 2.00 3.04 Perthitic Granite
24BT037 32.00 34.00 2.00 0.29 Perthitic Granite
46.00 47.00 1.00 0.26 Perthitic Granite
50.00 53.00 3.00 1.26 Perthitic Granite
including 51.00 52.00 1.00 3.49 Perthitic Granite
66.00 71.00 5.00 11.70 Perthitic Granite
including 67.00 68.00 1.00 56.93 Perthitic Granite
71.00 76.00 5.00 0.17 Episyenite
78.00 91.00 13.00 0.47 Perthitic Granite
including 82.00 83.00 1.00 2.92 Perthitic Granite
95.00 97.00 2.00 0.24 Perthitic Granite
101.00 103.00 2.00 0.39 Perthitic Granite
104.00 114.00 10.00 0.16 Perthitic Granite
116.00 130.00 14.00 0.42 Perthitic Granite
including 121.00 122.00 1.00 0.90 Perthitic Granite
150.00 153.00 3.00 0.46 Perthitic Granite
153.00 168.00 15.00 0.13 Perthitic Granite
169.00 172.00 3.00 0.25 Perthitic Granite
179.00 183.00 4.00 0.27 Perthitic Granite
193.00 194.00 1.00 0.57 Perthitic Granite
204.00 215.00 11.00 1.09 Perthitic Granite
including 204.00 205.00 1.00 1.67 Perthitic Granite
including 207.00 208.00 1.00 2.12 Perthitic Granite
210.00 211.00 1.00 1.38 Perthitic Granite
212.00 213.00 1.00 1.28 Perthitic Granite
213.00 214.00 1.00 1.80 Perthitic Granite
229.00 230.00 1.00 0.26 Perthitic Granite
230.00 238.00 8.00 0.11 Perthitic Granite
238.00 239.00 1.00 0.26 Perthitic Granite
242.00 273.00 31.00 1.07 Episyenite
including 245.00 246.00 1.00 2.37 Episyenite
including 246.00 247.00 1.00 1.08 Episyenite
including 247.00 248.00 1.00 1.74 Episyenite
including 248.00 249.00 1.00 3.85 Episyenite
including 249.00 250.00 1.00 7.40 Episyenite
including 250.00 251.00 1.00 5.11 Episyenite
including 251.00 252.00 1.00 2.04 Episyenite
including 252.00 253.00 1.00 1.77 Episyenite
320.00 331.00 11.00 0.15 Perthitic Granite
24BT038 100.00 155.00 55.00 0.61 Episyenite/Perthitic Granite
including 100.00 105.00 5.00 2.40 Episyenite
including 109.00 117.00 8.00 1.10 Episyenite
including 129.00 131.00 2.00 1.43 Perthitic Granite
including 147.00 148.00 1.00 1.28 Perthitic Granite
24BT039 9.00 15.00 6.00 0.45 Perthitic Granite
17.32 27.00 9.68 0.27 Perthitic Granite
27.00 36.00 9.00 0.09 Perthitic Granite
42.00 47.00 5.00 0.27 Perthitic Granite
53.00 57.00 4.00 0.36 Perthitic Granite
58.00 59.00 1.00 0.19 Perthitic Granite
61.00 67.00 6.00 7.84 Perthitic Granite
including 65.00 66.00 1.00 45.90 Perthitic Granite
76.00 80.00 4.00 0.74 Perthitic Granite
102.00 107.00 5.00 0.76 Perthitic Granite
138.00 139.00 1.00 0.18 Episyenite
140.00 143.00 3.00 0.27 Episyenite
146.00 150.00 4.00 0.14 Episyenite
150.00 152.00 2.00 0.22 Episyenite
154.00 155.00 1.00 0.10 Episyenite
155.00 159.00 4.00 0.28 Episyenite
159.00 165.00 6.00 0.14 Episyenite
174.00 177.00 3.00 0.15 Episyenite
177.00 178.00 1.00 0.28 Episyenite
178.00 184.00 6.00 0.18 Episyenite
184.00 185.00 1.00 0.38 Perthitic Granite
185.00 188.00 3.00 0.14 Perthitic Granite
194.00 195.00 1.00 0.20 Perthitic Granite
197.00 198.00 1.00 0.33 Perthitic Granite
207.00 210.00 3.00 0.16 Perthitic Granite
24BT040 0.00 181.00 181.00 0.74 Episyenite
including 0.00 34.00 34.00 0.50 Episyenite
34.00 39.00 5.00 0.96 Episyenite
39.00 42.00 3.00 0.45 Episyenite
47.00 48.00 1.00 0.22 Episyenite
48.00 52.00 4.00 2.01 Episyenite
52.00 55.00 3.00 0.71 Episyenite
55.00 58.00 3.00 2.11 Episyenite
58.00 60.00 2.00 0.58 Episyenite
60.00 66.00 6.00 1.81 Episyenite
66.00 74.00 8.00 2.00 Episyenite
74.00 77.00 3.00 0.77 Episyenite
81.00 84.00 3.00 0.56 Episyenite
84.00 88.00 4.00 1.35 Episyenite
88.00 90.00 2.00 0.19 Episyenite
91.00 94.00 3.00 0.75 Episyenite
94.00 100.00 6.00 0.25 Episyenite
100.00 103.00 3.00 2.75 Episyenite
103.00 112.00 9.00 0.63 Episyenite
112.00 114.00 2.00 1.51 Episyenite
114.00 121.00 7.00 0.66 Episyenite
123.00 132.00 9.00 0.68 Episyenite
134.00 152.00 18.00 0.41 Episyenite
152.00 155.00 3.00 0.19 Episyenite
156.00 159.00 3.00 0.97 Episyenite
158.00 173.00 15.00 0.33 Episyenite
173.00 174.00 1.00 1.45 Episyenite
174.00 181.00 7.00 0.20 Episyenite
188.00 190.00 2.00 0.15 Perthitic Granite
215.00 217.00 2.00 0.31 Perthitic Granite
24BT041 0.00 7.00 7.00 0.16 Perthitic Granite
80.00 81.00 1.00 0.35 Perthitic Granite
82.00 86.00 4.00 0.16 Perthitic Granite
86.00 88.00 2.00 0.27 Perthitic Granite
93.00 95.00 2.00 0.28 Perthitic Granite
97.00 107.00 10.00 0.15 Perthitic Granite
123.00 125.00 2.00 0.14 Perthitic Granite
129.00 139.00 10.00 0.20 Perthitic Granite
146.00 160.00 14.00 0.11 Perthitic Granite
160.00 164.00 4.00 0.25 Perthitic Granite
173.00 192.00 19.00 0.19 Perthitic Granite
187.00 189.00 2.00 0.58 Perthitic Granite
191.00 192.00 1.00 0.56 Perthitic Granite
193.00 194.00 1.00 0.23 Perthitic Granite
196.00 210.00 14.00 0.14 Perthitic Granite
216.00 219.00 3.00 0.12 Perthitic Granite
219.00 223.00 4.00 0.88 Episyenite
including 221.00 222.00 1.00 1.11 Episyenite
including 222.00 223.00 1.00 1.82 Episyenite
229.00 230.00 1.00 0.13 Episyenite
233.00 255.00 22.00 1.15 Episyenite
including 233.00 240.00 7.00 1.26 Episyenite
including 235.00 236.00 1.00 1.10 Episyenite
including 236.00 237.00 1.00 1.82 Episyenite
including 238.00 239.00 1.00 2.27 Episyenite
including 239.00 240.00 1.00 2.13 Episyenite
240.00 246.00 6.00 0.32 Episyenite
246.00 251.00 5.00 2.10 Episyenite
including 249.00 250.00 1.00 3.15 Episyenite
250.00 251.00 1.00 2.22 Episyenite
251.00 255.00 4.00 1.03 Episyenite
including 253.00 254.00 1.00 1.67 Episyenite
including 254.00 255.00 1.00 1.03 Episyenite
255.00 272.00 17.00 0.34 Episyenite
361.00 362.00 1.00 0.23 Perthitic Granite

 

  • Assumes 0.25 g/t gold cut-off grade, no top cut.
  • The Company has been targeting larger intersections of greater than 0.25 g/t gold. Intersections lower than this threshold may provide exploration insight and may therefore be disclosed.
  • Intervals represent drill core interval; true widths have not been determined at this time.
  • PG = Perthitic Granite

Table 2. Butiá Drill Hole Coordinates

Drill Hole Easting Northing Elevation
Azimuth
(m)
(Degrees) Dip
(degrees)
Start
Depth
(metres)
Final Depth (metres)
23BT005 217984 6586490 387 20 -60 0 230.19
23BT009 218119 6586240 407 20 -60 0 252.95
23BT010 217984 6586486 387 200 -60 0 159.79
23BT011 218022 6586572 382 20 -60 0 200.55
23BT012 218043 6586240 407 20 -60 0 358.13
23BT013 218095 6586397 400 0 -90 0 317.87
23BT014 217999 6586257 410 20 -60 0 331.33
23BT015 218125 6586212 404 20 -60 0 294.37
23BT016 218152 6586454 393 200 -60 0 357.66
23BT017 217973 6586670 383 200 -60 0 253.74
23BT018 218152 6586456 393 0 -90 0 256.36
23BT019 218102 6586534 385 0 -90 0 276.54
24BT020 218187 6586357 398 200 -60 0 76.35
24BT021 218171 6586366 397 20 -60 0 125.93
24BT022 218222 6586349 396 20 -60 0 78.72
24BT023 218126 6586494 389 0 -90 0 275.96
24BT024 218178 6586472 381 0 -90 0 293.83
24BT025 218106 6586305 375 0 -90 0 279.88
24BT026 218239 6586517 378 0 -90 0 517.04
24BT027 218174 6586763 365 200 -60 0 453.92
24BT028 218338 6586314 384 200 -60 0 198.16
24BT029 218033 6586259 395 0 -90 0 210.91
24BT030 218952 6586467 345 200 -60 0 363.55
24BT031 217987 6586538 377 0 -90 0 235.80
24BT032 217965 6586666 377 0 -90 0 559.11
24BT033 217971 6586489 382 0 -90 0 200.32
24BT034 218006 6586584 374 110 -60 0 363.59
24BT035 218006 6586584 374 0 -90 0 153.67
24BT036 218031 6586516 378 110 -60 0 302.52
24BT037 218008 6586415 391 110 -60 0 346.09
24BT038 218133 6586313 397 110 -60 0 198.20
24BT039 218047 6586404 393 110 -60 0 221.80
24BT040 218062 6586455 392 110 -60 0 231.86
24BT041 218167 6586312 395 290 -60 0 369.30

 

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Figure 1 – LDS Project Deposit and Target Locations

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Figure 2. Plan View of 2023 and 2024 Butiá Drill Holes and Gold Assay Grades

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Figure 3. Long-Section Looking Northeast of 2023 and 2024 Butiá Drill Holes and Gold Assay Grades

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Figure 4. Visible Gold from Drill hole 24BT036 showing visible gold specks (bright yellow) scattered throughout the sample. The gold occurs within a cross-cutting chlorite carbonate veinlet and is associated with pyrite (metallic yellow) and galena (gray). This sample from Drill hole 24BT036 spans the interval 115.0 metres to 116.0 metres and grades 24.8 g/t gold.

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About the LDS Project

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 34 mineral rights covering approximately 23,000 hectares.

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 – Butiá with 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category, and Cerrito with 188,000 ounces of gold in the Indicated category and 293,000 ounces of gold in the Inferred category.

About Lavras Gold Corp.

Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) is a Canadian exploration company focused on realizing the potential of a highly prospective gold district in southern Brazil. Its Lavras do Sul Project is located in Rio Grande do Sul State 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 property, which spans approximately 23,000 hectares. Follow Lavras Gold on www.lavrasgold.com, as well as on LinkedIn, Twitter, and YouTube.

Michael Durose, President & CEO of Lavras Gold Corp., is the qualified person (“QP“) as defined by Canadian National Instrument 43-101, and has reviewed and approved the technical information contained in this release.

On Behalf of Lavras Gold Corp.

Michael Durose

President & CEO

For further information, please visit the Lavras Gold Corp. website at www.lavrasgold.com, or contact:

Michael Durose, President & CEO or Naomi Nemeth, VP Investor Relations
Phone: +1-289-624-1343 or +1-289-624-1377
Email: [email protected]
Website: www.lavrasgold.com
X (Twitter): @LavrasGold
LinkedIn: Lavras Gold Corp.
YouTube

Additional Technical Notes:

Quality Assurance & Quality Control: For the Butiá Gold Deposit, sample handling, preparation, and analysis are monitored through the implementation of formal chain-of-custody procedures and quality assurance/quality control programs designed to follow industry best practices.

All drill hole samples in this drilling program consist of split NQ diamond drill core. Drill core is logged and sampled in a secure facility located in Lavras do Sul, Rio Grande do Sul State, Brazil. Drill core samples for gold assay are cut in half using a diamond saw and submitted to ALS Laboratories Inc. in Goiania, Goiás State, Brazil for preparation by crushing to 85% passing 1.0 mm, riffle splitting to obtain 500 g aliquots, and pulverizing to 85% passing 75 microns.

Pulps are shipped to ALS Laboratories Inc. in Lima, Peru and analyzed by a 50g fire assay and AAS finish. Three 50g aliquots are taken for samples in the mineralized zone and one aliquot is taken in fresh rocks. The average grade of the three aliquots is used to determine the final grade of the mineralized sample.
Certified standards, non-certified blanks and field duplicates are inserted into the sample stream at regular intervals, so that QA/QC accounted for about 10% of the total samples. Results are routinely evaluated for accuracy, precision, and contamination.

Lavras Gold has been targeting larger intersections of greater than 0.25 g/t gold. Intersections that are lower than this threshold may provide exploration insight and may therefore be disclosed. The Company maintains a robust QAQC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material).

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, including, without limitation, statements regarding the Company’s further 2025 drill plans and future results at the LDS Project are forward-looking statements that involve various risks and uncertainties. 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.

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