Lara Exploration Ltd.

Lara Exploration Ltd. has, due to investor demand, increased its private placement to $2,000,000 through the issuance of 4,000,000 units at $0.50 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 $0.70 for two years. If, after four months from closing, the closing price [...]

Lara Exploration Ltd. , intends to undertake a private placement raising up to $1,000,000 by the issuance of 2,000,000 units at $0.50 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 $0.70 for two years. If, after four months from closing, the closing price of the [...]

Lara Exploration Ltd. , is pleased to report that it has completed an initial four hole scout diamond drill program to determine the attitude and vertical depth extension of a number of vanadium-bearing titanium-magnetite bodies previously identified at the surface on its Itaituba Vanadium Project, in the Tapajos region of northern Brazil. Preliminary Davis tube tests run on core samples, selected for a range of magnetic [...]

Lara Exploration Ltd. , is pleased to announce that it has signed the Definitive Agreement granting Capstone Mining Corp. , an exclusive option to earn up to a 70% interest in the Company's Planalto Copper Project in the Carajás Province of northern Brazil. Lara's exploration work over the last 12 months has yielded a series of very promising drill results from the Homestead target, including hole PDH 18-03, which [...]

Lara Exploration Ltd. , reports that partner Tessarema Resources Inc. , is in default under the terms of the option agreement with Lara. The payment due to Lara at the end of 2018 of US$1 million has been recognised, but not yet paid. Lara is negotiating the terms of an amendment to the current agreement with Tessarema and trading house Ocean Partners UK Ltd., which has provided loans to Tessarema to fund the project [...]

Lara Exploration Ltd. , is pleased to report that it has recently completed a geological review of its Damol ndia project in Goiás State, Central Brazil, which has identified potential for disseminated and stringer-style sulphide nickel-copper-cobalt mineralization that has either not been, or at best only partially tested by historic drill programs. Miles Thompson, President and CEO of Lara commented [...]

Lara Exploration Ltd. , is pleased to announce that it has signed a Letter of Intent granting Capstone Mining Corp. , an exclusive option to earn up to a 70% interest in the Company's Planalto Copper Project in the Carajás Province of northern Brazil. Lara's exploration work over the last 12 months has yielded a series of very promising drill results from the Homestead target, including hole PDH 18-03, which [...]

Lara Exploration is pleased to report that its final hole of the Phase-1 scout drilling program, hole PDH-18-03, intercepted 130.41m. between 68.05m and 198.46m down hole, with an average grade of 0.88% copper and 90ppb gold, or 0.93 % copper equivalent "CuEq", within a wider zone of 284.71m from surface averaging 0.48% Cu and 48 ppb Au. Miles Thompson, President and CEO of Lara commented: "We are pleased to see the [...]

Lara Exploration is pleased to report results of its surface chip channel sampling program to evaluate polymetallic brecciated feeder structures and related mantos mapped at its newly acquired Puituco Project, located in the Huancavelica Department of Central Peru. A total of 63 samples were collected across vertical brecciated structures and two related low-angle mantos that extend into the limestones. The best intervals [...]

Lara Exploration, is pleased to report that Mineração Maravaia, has been granted its mining license for the Maravaia Copper Project, located near the town of Curionópolis in the Carajás Mineral Province of Northern Brazil. The Maravaia Project is being developed under an option agreement with Tessarema Resources, which in turn has a loan and offtake agreement with Ocean Partners UK Ltd., to [...]