Lara Exploration Ltd. , Lara is pleased to report the restart of diamond drilling at the Company's Planalto Project. The first hole of the new program is located in the south-central part of the exploration license under option from Mineração Tariana Limitada , at the southern end of a strong copper-in-soil anomaly, coincident with a north-south Induced Polarization anomaly . A preliminary inspection of the initial 143 [...]
Lara Exploration Ltd. is pleased to report that it has received new drill permits for its Homestead discovery. The permits, issued by the Environmental Secretariat in Canaã dos Carajás, cover new drill sites to test potential extensions to the Homestead deposit that have been identified from the Induced Potential geophysical surveys carried out earlier in the year. Lara has an approved budget from partner Capstone Mining [...]
Lara Exploration Ltd. is pleased to report that widespread significant copper and silver mineralisation has been outlined by Valor Resources Ltd. at the Picha Project in Southern Peru. Lara holds a 2% NSR royalty on any precious metals produced and a 1% NSR on copper and any other metals produced from the property. Valor reported on October 11, 2021 that it has a program of surface mapping and sampling underway, with 144 [...]
Lara Exploration Ltd. is pleased to report that it has signed a Mining Rights Transfer Agreement with BHP World Exploration Inc. Sucursal del Peru to acquire the Kenita property in exchange for a commitment to pay a 1% net smelter returns royalty on any future production. The Kenita property comprises five exploration licenses, totalling 2,200 hectares in area, which are adjacent to and surround Lara's 400 hectare Puituco [...]
Lara Exploration Ltd. is pleased to report the planned start of field work and receipt of the second option payment from Minsur S.A. of US$200,000 as part of an Option and Royalty Agreement for the Lara Copper Project signed in July 2020. The Lara Copper Project comprises of mineral rights covering a partly defined copper-molybdenum porphyry deposit, located in the Laramate Province of the Ayacucho Department [...]
Lara Exploration Ltd. , is pleased to report on preliminary metallurgical test work carried out by Blue Coast Research Ltd of Parksville, British Columbia, Canada, on composite samples from across and down through the copper mineralized zone at the Homestead target of the Company's Planalto Copper Project, located in the Carajás region of northern Brazil. The key results are: Flotation rougher and cleaner test work has [...]
Lara Exploration Ltd. , is pleased to report the receipt of additional drill results from partner Hochschild Mining plc., for Lara's Corina Gold Project in southern Peru. Hochschild reported completion of 2,095 metres of diamond drilling in Q1-2021, with a further 2,000m planned for Q2. Significantly mineralized intercepts have been released for two of the holes from the Q1-2021 drilling, which are summarized in the table [...]
Lara Exploration Ltd. , is pleased to report that it has completed a reappraisal of the diamond drilling and ground magnetometer survey results for its Itaítuba vanadium project, in the Tapajós region of northern Brazil. Project work initially focused on vanadium-bearing magnetite bodies, but the recent work has shown that the host gabbros also contain disseminated vanadium-bearing magnetite that can be concentrated to [...]
Lara Exploration Ltd. , is pleased to report that it has completed a further 18 line kilometers of Induced Potential chargeability and resistivity surveys at its Planalto copper property in the Carajás region of northern Brazil. The survey, together with additional field mapping and surface sampling, indicates potential extensions to the Homestead mineralization within Lara's existing property and to the north into the [...]
Lara Exploration Ltd. , is pleased to report that it has signed an option agreement with Mineração Zaspir Ltda. , to acquire an exploration claim adjacent to the Company's Planalto Copper Project in the Carajás Mineral Province of northern Brazil. The claim is being acquired by Lara's subsidiary Planalto Mineração Ltda. , and will form part of the company's staged earn-in agreement with Capstone Mining Corp. The Zaspir [...]
Lara Exploration Ltd. is pleased to report drilling results and provide an update on development work on the Osmar-2 target at the Celesta Copper Mine in northern Brazil. Work began to open up a second mining front at Osmar-2 in December 2020, with production in the coming months derived exclusively of sulphide material from this new pit, while a cut-back is being completed to access deeper material in the Osmar-1 pit [...]
Lara Exploration Ltd. , is pleased to report the receipt of additional drill results from partner Hochschild Mining plc., for Lara's Corina Gold Project in southern Peru. Hochschild completed a further 2,318 metres of resource drilling in Q4-2020 on the Corina structure, in follow-up to the discovery drilling completed in 2019 . Drilling continues with resource and exploration drilling in the Corina and associated [...]
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