Validation Of Discovery For The LDS Project

TORONTO - Lavras Gold Corp. reported on drilling at the Fazenda do Posto discovery on the LDS Project in southern Brazil, It has validated the discovery reported in Augus. The discovery has been confirmed in terms of gold grades, widths and continuity and remains open in several directions to resource expansion.

The scissor hole 23FP006 returned assay results with continuous mineralization of 230 metres grading 0.9 g/t gold starting at 31 metres and including: 204 metres grading 1.0 g/t gold from 31 metres including 65 metres grading 1.9 g/t gold from 149 metres; and 10 metres grading 3.0 g/t gold from 154 metres.

The Fazenda do Posto discovery is located roughly 150 metres west of the Lavras Gold Butiá Gold Deposit, which has an NI 43-101 gold resource of approximately 500,000 ounces and is open to expansion.

Drill hole 23FP006 tested the northeastern extension of Fazenda do Posto and was drilled southwest on a 200-degree azimuth and a dip of 060 degrees. The hole was collared approximately 210 metres northeast of 23FP002 – the discovery hole. Continuous gold mineralization was encountered in 23FP006 starting at a drill hole depth of 31 metres (vertical depth of about 27 metres) for 230 metres.

“We are very pleased to validate the Fazenda do Posto gold discovery with this scissor hole, which cross cuts the earlier hole that returned 340 m at 1.1 g/t gold,” said Lavras Gold President & CEO Michael Durose. “While it is still early in the drilling program, we are delighted to have intercepted another very long and continuous zone of gold mineralization starting at a shallow depth and running for over 200 metres. This is a unique bulk tonnage near-surface gold system characterized by remarkably continuous gold mineralization within an episyenite host rock. A higher-grade core of gold mineralization is beginning to develop based on the limited drilling we have completed so far. Drilling is ongoing and we look forward to additional drill results as we begin to unravel this new gold discovery.”