Toronto-based Lavras Gold has announced the com-pany achieved its first short-term goal for 2022, as an NI 43-101-com-pliant mineral resource estimate was completed for the Cerrito gold project at the miner’s LDS project in Brazil.
Lavras Gold said in a statement that the resource shows Cerrito has an indicated gold resource of some 187,650 ounces, and an inferred gold resource of 293,468 ounces.
“Combining this gold resource estimate for the Cerrito Gold Prospect with the previously announced 500,000 ounces from our Butiá Gold Prospect moves us to our first million ounce milestone at LDS,” said Michael Durose, the company’s President and CEO, as quoted in the statement. “This is a major step toward unlocking the potential gold mineral endowment of LDS, which we have only just begun to under-stand. We look forward to releasing results of active drilling at the Zeca Souza, Matilde, and Matilde Extension prospects soon.”