Lara Exploration Ltd. , is pleased to announce the appointment of Mr. Bill Tsang as Chief Financial Officer effective immediately. Mr. Tsang is a Chartered Professional Accountant with a Bachelor of Commerce from the University of British Columbia, with more than 15 years of financial accounting and auditing experience in the mineral exploration and mining industry. He has worked in public practice providing professional [...]
Lara Exploration Ltd. , is pleased to report that its partner Capstone Copper Corp. has completed the first phase of the option agreement for the Planalto Copper Project in Brazil, investing more than US$5 million in exploration expenditures to earn a 49% interest. By committing to fund phase 2, Capstone can elect to raise its interest to 51% to become the project operator by paying Lara US$400,000 and then earn a further [...]
Lara Exploration Ltd. , is pleased to report that it has received a new exploration permit from the Para State environmental authority SEMAS, to extend drilling northwards of the new Cupuzeiro discovery. Two drill rigs have been mobilised, with a plan to initially drill a further 3,000 metres north of Cupuzeiro in the coming months. An additional 1,800 metres of drilling is planned to test the gap between the Cupuzeiro [...]
Lara Exploration Ltd. , Lara is pleased to report the results of seven follow-up drill holes from the Cupuzeiro target, the best of which, 22-007, made a sulphide-copper intersection of 380.79 metres from near surface, averaging 0.575% Cu equivalent, including two zones of higher-grade mineralization: 78.81 metres grading 1.083% Cu from 17.8 metres, and 40.4 m at 1.308% Cu from 121.68 metres downhole. Drilling on the [...]
Lara Exploration Ltd. , has been formally notified, by partner Hochschild Mining plc., that it is relinquishing its option to purchase the Corina gold-silver discovery. Lara and Hochschild intend to complete the hand-over process by early August, with Hochschild remaining responsible for the environmental restitution from its 2020-21 drilling program. Once in possession of the drill core, Lara plans to review all the [...]
I have acquired ownership of 461,538 common shares and warrants to purchase an additional 230,769 common shares of Lara Exploration Ltd. of Vancouver, BC. The common shares and warrants were acquired pursuant to Lara's private placement of 6,153,846 units at a price of $0.65 per unit. Immediately prior to the acquisition, I owned and had control and direction over 4,056,833 common shares and stock options to purchase an [...]
Lara Exploration Ltd. is pleased to report that it has completed a non-brokered private placement financing raising $3,999,999.90 by the issuance of 6,153,846 units at $0.65 per unit. Each unit consisted of one common share and one half of a non-transferable common share purchase warrant. Each warrant entitles the holder to purchase an additional common share at $1.00 until June 17, 2025. If, after October 17, 2022, the [...]
Lara Exploration Ltd. intends to undertake a private placement raising up to $4,000,000 by the issuance of 6,153,846 units at $0.65 per unit. Each unit shall consist of one common share and half of one non-transferable common share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share at $1.00 for three years. If, after four months from closing, the closing price of the [...]
Lara Exploration Ltd. , Lara is pleased to report that it has been advised by partner Codelco do Brasil Mineração Ltda. , that the court has given a positive ruling in the lawsuit defending the validity of our Liberdade exploration license with the Brazilian Mining Agency . The Company considers the ruling favourable, but understands that it is being appealed by the ANM. The Liberdade exploration license was originally [...]
- Lara Exploration Ltd. , Lara is pleased to report the results of the first five holes completed on the newly optioned Tariana license, including hole 21-002 which intercepted 341.30 metres at 0.65% copper equivalent and hole 21-005 which intercepted 339.75 metres at 0.53% copper equivalent, with both intercepts including wide zones at higher grade. These holes are located 300 metres to the north of Homestead deposit and [...]
Lara Exploration Ltd. is pleased to report that it has signed an agreement to increase its interest in the Mantaro Phosphate Project from 33.33% to 70% by investing US$500,000 by the end of 2025. Lara's priority is to inform the surrounding communities of the benefits of this non-metallic mining project to produce phosphate rock, a natural product used for organic farming, which can benefit the community financially and [...]
Lara Exploration Ltd. , has been notified by partner Hochschild Mining plc., that members of the local community have blocked the access roads to the Corina project, forcing a suspension of the drilling program. Hochschild has invoked the force majeure clause under the terms the option agreement with Lara while it negotiates a settlement with the community. The Corina project lies within the Calcauso community, with which [...]
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