Lavras Gold Corp. Reports Significant Gold Intersection at LDS Project in Brazil

TORONTO, Ontario, Feb. 29, 2024 – Lavras Gold Corp. (TSX-V:LGC, OTCQX:LGCFF), herein referred to as 'Lavras' or the 'Company', proudly announces the results from six drill holes that were recently completed at the Fazenda do Posto gold discovery. This site is situated on the western flank of the Lavras dos Seixos (LDS) project in Southern Brazil. The drilling program has delivered quite promising results, with one of the drill holes revealing an intersection of 1.0 g/t gold over a notable distance of 173 metres from 69 metres depth.

Discovering the Potential of Fazenda do Posto

The six drill holes were strategically placed to explore the extent of gold mineralization at Fazenda do Posto. This program has confirmed the presence of significant gold systems within the property. Not only do these results underscore the potential for a substantial gold deposit, but they also formulate a basis for subsequent exploration. Lavras is committed to a diligent exploration strategy that is planned to further uncover the richness of the region's mineral resources.

Implications for the LDS Project and Investors

These findings are of particular interest to both the Company and its investors. The substantial intersection of gold bolsters confidence in the economic viability of the LDS project. The LDS project, being a relatively new gold discovery in the prolific mining district of Southern Brazil, has gained considerable attention from investors and industry analysts alike. The latest drill results are likely to generate a positive impact on the Company's market valuation and future prospects. As Lavras continues to release information on the progress of its exploration activities, stakeholders are keenly observing the value this could unlock.

Continuous Exploration and the Road Ahead

Acknowledging the promising results from the current exploration campaign, Lavras Gold Corp. has outlined plans for continued drilling and analysis. The Company remains committed to a comprehensive and systematic approach that will include additional drilling, assaying, and geological studies. Lavras is ever-moving towards the goal of understanding the full potential of the LDS project, paving the way for potential development and production opportunities in the future.

Lavras, Gold, Brazil