Lavras Gold Corp press release
Lavras Gold Corp. Intersects 1.0 g/t Gold over 371 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update
TSXV - TSX Venture Exchange · Gold · Silver · Copper · Canada
Drilling intersection includes 3.4 g/t gold over 50 metres, including 78.1 g/t gold over 1 metre
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF)("Lavras Gold" or the "Company") is pleased to release the results from seven new drill holes totaling 1,825 metres, 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 seven 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 new holes returned long intervals of continuous gold mineralization characterized by higher-grade subintervals with striking similarities to previously disclosed results. These holes were designed to increase the confidence in the Butiá gold resource (converting the Inferred Resource into the Measured & Indicated categories) and to potentially increase the gold endowment and footprint of known mineralization of the Butiá Gold Deposit.
Lavras Gold recently renewed a 25,000-metre drilling contract, seamlessly continuing the ongoing drilling program. The Butiá metallurgical test program continues to advance using the SGS Laboratory in Belo Horizonte, Brazil. Also, three 150-kilogram composite samples from the Fazenda do Posto gold target have been sent to the lab for investigation following up on a comprehensive metallurgical test program for Butiá mineralization.
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 25BT047 returned:
371.0 metres grading 1.0 g/t goldfrom surface,and including: 23.0 metres grading 1.3 g/t gold from 92.0 metres, 19.0 metres grading 2.0 g/t gold from 222.0 metres, and including 1.0 metres grading 25.8 g/t gold from 222.0 metres.
50.0 metres grading 3.4 g/t gold from 317.0 metres and including: 1.0 metres grading 15.5 g/t gold from 317.0 metres 1.0 metres grading 78.1 g/t gold from 318.0 metres 1.0 metres grading 7.4 g/t gold from 319.0 metres 1.0 metres grading 5.5 g/t gold from 321.0 metres 1.0 metres grading 5.7 g/t gold from 325.0 metres 1.0 metres grading 3.7 g/t gold from 343.0 metres 1.0 metres grading 10.2 g/t gold from 346.0 metres 1.0 metres grading 15.8 g/t gold from 347.0 metres.
Hole 25BT045 intersected multiple intervals of gold mineralization. Highlights include:
50.0 metres grading 0.5 g/t goldfrom 167.0 metres and including: 15.0 metres grading 1.2 g/t gold from 167.0 metres and including: 1.0 metre grading 2.1 g/t gold from 168.0 metres, and 2.0 metre grading 1.6 g/t gold from 170.0 metres, and 2.0 metres grading 2.2 g/t gold from 174.0 metres, and 1.0 metre grading 1.1 g/t gold from 180.0 metres
10.0 metres grading 3.7 g/t gold from 245.0 metres including: 1.0 metre grading34.8 g/t goldfrom 247.0 metres.
"We are pleased with the drilling progress we are making at Butiá and are achieving our goal of increasing the confidence of the gold resource estimate by converting inferred gold resources into measured and indicated gold resources and expanding the footprint of gold mineralization," commented CEO Michael Durose. "Drill hole 25BT047 is noteworthy for its length of 371.0 metres grading 1.0 g/t gold. The lower portion of this hole shows a 50.0 metre interval grading 3.4 g/t gold from 317.0 metres to approximately 367.0 metres. This not only extends the previously known zone of mineralization, but it also demonstrates that this extension has a significantly higher grade than the mineralization above it. Adjusted for the angle of the drillhole, this 50-metre extension of gold mineralization begins at a vertical depth of approximately 275.0 and extends to 318.0 metres. The mineralized footprint has also increased in size to the south of Butiá as defined by drillhole 25BT045, and to the southeast via drillhole 24BT042."
Drillholes 25BT044 and 25BT046 were drilled approximately 500 metres southeast of Butiá along an interpreted northeast-southwest structural zone (see Figure 2). Both holes encountered hydrothermally altered rocks, very similar to those seen at Butiá and Fazenda do Posto. Narrow 1.0 metre low-grade intervals of gold were encountered in each hole. The current interpretation is that these holes were collared too far southeast. Nevertheless, the significance here is the continuation of the alteration footprint to the south of Butiá for at least 500 metres thereby generating the potential for defining new exploration drill targets which the exploration team are following up on.
To date, 198 drill holes totalling nearly 53,000 metres have been completed at Butiá and the adjacent Fazenda do Posto target claim block. This compares with 78 drill holes and 20,000 metres of historical drilling by our predecessor company at the Butiá target prior to our current drilling program that started in early 2023. We will disclose results from our ongoing drilling program for these areas and our recently discovered Olaria area when final assay results are received, and the geological interpretation is completed.
Click herefor additional comments from CEO Michael Durose.
_* 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 _[_NI 43-101 Technical Report Mineral Resource for Butiá Gold Prospect dated and effective January 25, 2022and updated in November 2024. The report was prepared by VMG Consultoria e Soluções Ltda. for Lavras Gold Corp. and is available on the Company's website and www.sedarplus.com under Lavras Gold's issuer profile.]_
Discussion of Drill Results - Butiá Deposit
Butiá is the most advanced gold deposit on the LDS Project consisting of the mineral resource as stated in the footnote above (*), located immediately east of the 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 March 03, 2025. To date, results from 41 Lavras Gold drill holes totaling 11,171 metres of drilling have been disclosed based on the 2023, 2024 and 2025 drilling program. This total includes the seven holes disclosed in this news release (24BT042 to 24BT049). More than 31,000 metres of drilling have been completed at Butiá to date, including historical drilling prior to 2023.
Figure 1is a general location map for the LDS Project deposits and targets. Figure 2shows the location of the Casa Velha target area about 500 metres southeast of Butiá. Details of the locations of the new drill holes can be found in the plan view in Figure 3. A long section looking northeast is shown inFigure 4. Figure 5shows a cross section looking northeast of drill hole 25BT047 highlighting the high-grade depth extension. Figure 6shows hydrothermal alteration features of the Casa Velha target area. Figure 7illustrates an example of high-grade gold mineralization found at depth in drill hole 25BT047. Table 1details newly disclosed assay results in this press release. Table 2tabulates drill hole information including collar coordinates, drill hole azimuth and drill hole depths. For all previous drilling results, visit the News section of the Lavras Gold website.
A primary purpose of the recent drilling was to continue testing the lateral continuity of gold mineralization at Butiá across a postulated northeast trending structural corridor and fill in gaps interpreted from northwest-southeast cross-sections of previous drilling. All of the holes were drilled with an azimuth oriented 110 degrees and/or 290 degrees. As shown in Figure 3and summarized in Table 1, these holes include 24BT042, 25BT045, 25BT047, 25BT048 and 25BT049. These holes confirm continuous gold mineralization across a northeast trending structure. Continuous, moderate grade gold was extended in the south and southeast in areas of Butiá typically associated with mineralized perthitic granite. Significantly, higher grade gold mineralization was found at depth below the central portion of Butiá associated with mineralized episyenite materially increasing the mineralized footprint as defined by drill hole 25BT047 (see Figure 5).
Two holes, 25BT044 and 25BT046, were collared about 500 metres southwest of Butiá testing a drilling target called Casa Velha (seeFigure 2). Both holes encountered rocks that had intervals of hydrothermally altered rocks including perthitic granite and episyenite with some local clusters of disseminated pyrite. While these drill holes encountered only minor gold mineralization of narrow widths, the drilling proves that the hydrothermal alteration footprint extends to the southwest at least 500 metres from Butiá/Fazenda do Posto (See Figure 5).The geology team is currently interpreting these results with the goal of defining further targets for drill-testing.
Detailed gold assay results by drill hole are summarized in Table 1. The seven new holes disclosed in this press release are from 24BT042 to 24BT049 (and excludes 24BT043 that tested the Fazenda do Posto Target and disclosed in the April 2, 2025 press release).
Highlights of the recent drilling results from the Butiá area are as follows:
Drill hole 24BT042was collared southeast of 24BT038 in the southeast portion of Butiá and designed to test the southeast continuity of gold mineralization. The hole confirms the lateral extensionand continuity of gold mineralization in the southeast portion of Butiá and extends mineralization east of mineralization found in drill hole 24BT038. Highlights include:
15.0 metres grading 0.3 g/t gold from 41.0 metres, 4.0 metres grading 1.8 g/t gold from 62.0 metres, 25.0 metres grading 0.9 g/t gold from 92.0 metres including: 3.0 metres grading 4.6 g/t gold from 114.0
Drill hole 25BT045was collared in the southeast portion of Butiá and drilled on an azimuth 290 degrees. The hole successfully encountered multiple long intervals of gold mineralization successfully extendinggold mineralization to the south. Highlights include:
31.0 metres grading 0.2 g/t gold from 41.0 metres, 23.0 metres grading 0.3 g/t gold from 84.0 metres and including 1.0 metres grading 1.4 g/t gold from 104.0 metres
50.0 metres grading 0.5 g/t gold including, 15.0 metres grading 1.2 g/t gold from 167.0 metres
10.0 metres grading 3.7 g/t gold from 245.0 metres including, 1.0 metres grading 34.8 g/t gold from 247.0 metres
Drill hole 25BT047 was collared along the east-central portion of Butiá on an azimuth of 290 degrees at an inclined angle of 60 degrees and designed to infill a gapin the Butiá resource, and test for the down-dip extension of gold mineralization. The hole was successful on both fronts returning continuous gold grade from surface to 371 metres.
371.0 metres grading 1.0 g/t goldfrom surface metres,and including: 23.0 metres grading 1.3 g/t gold from 92.0 metres, 19.0 metres grading 2.0 g/t gold from 222.0 metres, and including 1.0 metres grading 25.8 g/t gold from 222.0 metres.
50.0 metres grading 3.4 g/t gold from 317.0 metres and including: 1.0 metres grading 15.5 g/t gold from 317.0 metres 1.0 metres grading 78.1 g/t gold from 318.0 metres 1.0 metres grading 7.4 g/t gold from 319.0 metres 1.0 metres grading 5.5 g/t gold from 321.0 metres 1.0 metres grading 5.7 g/t gold from 325.0 metres 1.0 metres grading 3.7 g/t gold from 343.0 metres 1.0 metres grading 10.2 g/t gold from 346.0 metres 1.0 metres grading 15.8 g/t gold from 347.0 metres
The bottom high-grade intercept extends previously known gold mineralization from a vertical depth of 275 metres to 318 metres (see Figure 5). The higher-grade interval is characterized by disseminated pyrite in strongly hydrothermally altered dark green episyenite (see Figure 7).
Drill hole 25BT049was collared along the south-central portion of Butiá and drilled on an azimuth 290 degrees at an inclined angle of 60 degrees. The hole was designed to infill a gap in the existing gold resource model of Butiá and to test the down-dip extension of mineralization. Highlights of drilling include:
25.0 metres grading 0.4 g/t gold from 83.0 metres including: 5.0 metres grading 1.1 g/t gold from 83.0 metres and including: 2.0 metres grading 2.4 g/t gold from 84.0 metres
56.0 metres grading 0.3 g/t gold from 115.0 metres and including: 1.0 metre grading 1.1 g/t gold from 165.0 metres
55.0 metres grading 1.0 g/t gold from 171.0 metres and including: 24.0 metres grading 1.2 g/t gold from 171.0 metres, and 8.0 metres grading 1.0 g/t gold from 218.0 metres.
Please refer toTable 1 for a complete list of all drill holes and detailed assay results.
[](https://images.newsfilecorp.com/files/10429/255950_07527bc0e47d8a82_002full.jpg)
Figure 1 - LDS Project Deposit and Target Locations
To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/255950_07527bc0e47d8a82_002full.jpg
Table 1. Summary of Drill Hole Composites from the Butiá Gold Deposit
| Drill Hole | | From (metres) | To metres) | Interval (metres) | Gold grade (grams/tonne) | Comment | | 24BT042 | | 41.00 | 56.00 | 15.00 | 0.259 | Perthitic Granite | | | | 62.00 | 66.00 | 4.00 | 1.817 | Perthitic Granite | | | including | 65.00 | 66.00 | 1.00 | 6.457 | Perthitic Granite | | | | 73.00 | 76.00 | 3.00 | 0.278 | Perthitic Granite | | | | 92.00 | 117.00 | 25.00 | 0.931 | Episyenite | | | including | 96.00 | 97.00 | 1.00 | 1.127 | Episyenite | | | including | 106.00 | 107.00 | 1.00 | 1.389 | Episyenite | | | including | 114.00 | 117.00 | 3.00 | 4.583 | Episyenite | | | and including | 114.00 | 115.00 | 1.00 | 10.520 | Episyenite | | | | | | | | | | 25BT044 | | 166.00 | 167.00 | 1.00 | 0.114 | Perthitic Granite/Episyenite | | | | | | | | | | 24BT045 | | 1.00 | 3.00 | 2.00 | 0.259 | Saprolite | | | | 41.00 | 72.00 | 31.00 | 0.241 | Episyenite/Perthitic Granite | | | | 84.00 | 107.00 | 23.00 | 0.298 | Perthitic Granite/Episyenite | | | including | 104.00 | 105.00 | 1.00 | 1.405 | Perthitic Granite | | | | 118.00 | 133.00 | 15.00 | 0.217 | Episyenite | | | | 137.00 | 147.00 | 10.00 | 0.259 | Episyenite | | | | 167.00 | 217.00 | 50.00 | 0.537 | Episyenite/Perthitic Granite | | | including | 167.00 | 182.00 | 15.00 | 1.232 | Episyenite/Perthitic Granite | | | and including | 168.00 | 169.00 | 1.00 | 2.147 | Episyenite | | | and including | 170.00 | 172.00 | 2.00 | 1.595 | Episyenite | | | and including | 174.00 | 176.00 | 2.00 | 2.214 | Episyenite | | | and including | 180.00 | 181.00 | 1.00 | 1.135 | Episyenite | | | | 238.00 | 239.00 | 1.00 | 0.445 | Perthitic Granite | | | | 245.00 | 255.00 | 10.00 | 3.680 | Perthitic Granite/Episyenite | | | including | 247.00 | 248.00 | 1.00 | 34.814 | Perthitic Granite | | | | | | | | | | 25BT046 | | 50.00 | 51.00 | 1.00 | 0.244 | Perthitic Granite/Episyenite | | | | | | | | | | 25BT047 | | 0.00 | 371.00 | 371.00 | 0.946 | Perthitic Granite/Episyenite | | | Including | 2.00 | 5.00 | 3.00 | 1.445 | Perthitic Granite | | | Including | 11.00 | 12.00 | 1.00 | 2.010 | Perthitic Granite | | | Including | 27.00 | 28.00 | 1.00 | 1.723 | Perthitic Granite | | | Including | 56.00 | 59.00 | 3.00 | 1.911 | Episyenite | | | Including | 68.00 | 69.00 | 1.00 | 1.542 | Episyenite | | | Including | 74.00 | 78.00 | 4.00 | 1.200 | Episyenite | | | Including | 82.00 | 85.00 | 3.00 | 1.063 | Episyenite | | | Including | 92.00 | 115.00 | 23.00 | 1.330 | Episyenite | | | Including | 125.00 | 128.00 | 3.00 | 1.061 | Episyenite | | | Including | 137.00 | 138.00 | 1.00 | 1.019 | Episyenite | | | Including | 147.00 | 149.00 | 2.00 | 1.155 | Episyenite | | | Including | 178.00 | 190.00 | 12.00 | 1.452 | Episyenite | | | Including | 201.00 | 203.00 | 2.00 | 0.949 | Episyenite | | | including | 222.00 | 241.00 | 19.00 | 2.016 | Episyenite/Perthitic Granite | | | and including | 222.00 | 223.00 | 1.00 | 25.833 | Episyenite | | | including | 317.00 | 367.00 | 50.00 | 3.372 | Episyenite/Perthitic Granite | | | and including | 317.00 | 318.00 | 1.00 | 15.467 | Episyenite/Perthitic Granite | | | and including | 318.00 | 319.00 | 1.00 | 78.100 | Episyenite/Perthitic Granite | | | and including | 319.00 | 320.00 | 1.00 | 7.397 | Episyenite/Perthitic Granite | | | and including | 320.00 | 321.00 | 1.00 | 1.919 | Episyenite/Perthitic Granite | | | and including | 321.00 | 322.00 | 1.00 | 5.457 | Episyenite | | | and including | 324.00 | 325.00 | 1.00 | 1.112 | Episyenite | | | and including | 325.00 | 326.00 | 1.00 | 5.657 | Episyenite | | | and including | 335.00 | 336.00 | 1.00 | 1.665 | Perthitic Granite | | | and including | 342.00 | 343.00 | 1.00 | 1.038 | Episyenite | | | and including | 343.00 | 344.00 | 1.00 | 3.683 | Episyenite | | | and including | 346.00 | 347.00 | 1.00 | 10.183 | Episyenite | | | and including | 347.00 | 348.00 | 1.00 | 15.767 | Episyenite | | | and including | 348.00 | 349.00 | 1.00 | 1.880 | Episyenite | | | and including | 349.00 | 350.00 | 1.00 | 0.993 | Episyenite | | | and including | 351.00 | 352.00 | 1.00 | 1.190 | Episyenite | | | and including | 355.00 | 356.00 | 1.00 | 1.073 | Episyenite | | | and including | 357.00 | 358.00 | 1.00 | 1.097 | Episyenite | | | and including | 358.00 | 359.00 | 1.00 | 1.488 | Episyenite | | | and including | 359.00 | 360.00 | 1.00 | 1.483 | Episyenite | | | and including | 360.00 | 361.00 | 1.00 | 1.245 | Episyenite | | | and including | 366.00 | 367.00 | 1.00 | 1.073 | Episyenite | | | | | | | | | | 25BT048 | | 152.00 | 154.00 | 2.00 | 0.356 | Perthitic Granite/Episyenite | | | | | | | | | | 25BT049 | | 83.00 | 108.00 | 25.00 | 0.365 | Episyenite/Perthitic Granite | | | including | 83.00 | 88.00 | 5.00 | 1.090 | Episyenite/Perthitic Granite | | | and including | 84.00 | 86.00 | 2.00 | 2.445 | Episyenite/Perthitic Granite | | | including | 106.00 | 107.00 | 1.00 | 1.062 | Episyenite/Perthitic Granite | | | | 115.00 | 171.00 | 56.00 | 0.256 | Perthitic Granite/Episyenite | | | including | 165.00 | 166.00 | 1.00 | 1.097 | Episyenite | | | | 171.00 | 226.00 | 55.00 | 0.982 | Episyenite | | | Including | 171.00 | 195.00 | 24.00 | 1.236 | Episyenite | | | including | 218.00 | 226.00 | 8.00 | 1.019 | Episyenite | | | | 226.00 | 241.00 | 15.00 | 0.386 | Episyenite | | | | 248.00 | 249.00 | 1.00 | 0.540 | Episyenite | | | | 260.00 | 261.00 | 1.00 | 0.242 | Episyenite | | | | 263.00 | 264.00 | 1.00 | 0.254 | Episyenite | | | | 282.00 | 283.00 | 1.00 | 0.236 | Episyenite | | | | 286.00 | 287.00 | 1.00 | 0.194 | Episyenite | | | | 291.00 | 292.00 | 1.00 | 0.476 | Episyenite | | | | 300.00 | 303.00 | 3.00 | 0.418 | Perthitic Granite | | | | 316.00 | 320.00 | 4.00 | 0.208 | Perthitic Granite |
Assumes 0.20 g/t gold cut-off grade, no top cut. The Company has been targeting larger intersections of greater than 0.20 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.
Table 2. Butiá Drill Hole Coordinates
| Drill Hole | Easting | Northing | Elevation Azimuth (m) | (Degrees) | Dip (degrees) | Start Depth (metres) | Final Depth (metres) | | 24BT042 | 218244 | 6586275 | 391 | 110 | -60 | 0 | 151.00 | | 25BT044 | 218000 | 6585775 | 401 | 110 | -60 | 0 | 222.82 | | 25BT045 | 218155 | 6586260 | 397 | 290 | -60 | 0 | 295.11 | | 25BT046 | 218042 | 6585767 | 406 | 290 | -60 | 0 | 231.88 | | 25BT047 | 218201 | 6586395 | 403 | 290 | -60 | 0 | 412.17 | | 25BT048 | 218148 | 6586288 | 393 | 290 | -60 | 0 | 171.96 | | 25BT049 | 218186 | 6586356 | 382 | 290 | -60 | 0 | 340.31 |