Lavras Gold Announces Filing of Amended Technical Reports
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) has filed amended technical reports for its Butiá and Cerrito Projects following a review by the Ontario Securities Commission. The amendments include enhanced disclosure of cut-off grade assumptions, mineral resource constraints within conceptual pit shells, and proper rounding of estimates. No changes were made to the size or scope of either resource estimate. The company has also revised its website and corporate presentations to comply with NI 43-101 standards, removing phrases like 'NI 43-101 compliant' and 'potential world-class.' The updated technical reports are available on SEDAR+ and the company's website.
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ha presentato relazioni tecniche modificate per i suoi progetti Butiá e Cerrito in seguito a una revisione da parte della Ontario Securities Commission. Le modifiche includono una maggiore chiarezza sulle assunzioni della legge di taglio, le limitazioni delle risorse minerarie all'interno delle conche concettuali e un corretto arrotondamento delle stime. Non sono state apportate modifiche alla dimensione o alla portata di nessuna stima di risorsa. L'azienda ha anche aggiornato il proprio sito web e le presentazioni aziendali per conformarsi agli standard NI 43-101, rimuovendo frasi come 'conforme NI 43-101' e 'potenziale di livello mondiale.' Le relazioni tecniche aggiornate sono disponibili su SEDAR+ e sul sito web dell'azienda.
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ha presentado informes técnicos enmendados para sus proyectos Butiá y Cerrito tras una revisión de la Ontario Securities Commission. Las enmiendas incluyen una mayor divulgación sobre las suposiciones del grado de corte, las limitaciones de recursos minerales dentro de las conchas conceptuales y un redondeo adecuado de las estimaciones. No se realizaron cambios en el tamaño o alcance de ninguna estimación de recursos. La empresa también ha revisado su sitio web y las presentaciones corporativas para cumplir con los estándares NI 43-101, eliminando frases como 'conforme a NI 43-101' y 'potencial de clase mundial.' Los informes técnicos actualizados están disponibles en SEDAR+ y en el sitio web de la empresa.
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF)는 온타리오 증권 위원회의 검토 후 부티아 및 세리토 프로젝트에 대한 수정된 기술 보고서를 제출했습니다. 수정 사항에는 컷오프 등급 가정에 대한 보강된 공시, 개념적 구덩이 경계 내의 광물 자원 제약, 그리고 추정치의 적절한 반올림이 포함됩니다. 어느 자원 추정의 크기나 범위에 대해서도 변경은 없었습니다. 회사는 NI 43-101 기준에 부합하도록 웹사이트와 기업 프레젠테이션도 수정하여 'NI 43-101 준수'와 '세계적 수준의 잠재력'과 같은 문구를 제거했습니다. 업데이트된 기술 보고서는 SEDAR+와 회사 웹사이트에서 확인하실 수 있습니다.
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) a déposé des rapports techniques amendés pour ses projets Butiá et Cerrito après un examen de la Ontario Securities Commission. Les amendements incluent une divulgation améliorée des hypothèses de coupure, des contraintes de ressources minérales au sein de coques conceptuelles et un arrondi approprié des estimations. Aucun changement n'a été apporté à la taille ou à la portée de l'estimation des ressources. L'entreprise a également révisé son site web et ses présentations d'entreprise afin de se conformer aux normes NI 43-101, en supprimant des phrases telles que 'conforme à NI 43-101' et 'potentiel de classe mondiale.' Les rapports techniques mis à jour sont disponibles sur SEDAR+ et le site web de l'entreprise.
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) hat nach einer Überprüfung durch die Ontario Securities Commission geänderte technische Berichte für seine Butiá- und Cerrito-Projekte eingereicht. Die Änderungen umfassen eine verbesserte Offenlegung der Annahmen zur Cut-Off-Grenze, mineralische Ressourcenbeschränkungen innerhalb konzeptioneller Gruben und eine korrekte Rundung der Schätzungen. Es wurden keine Änderungen an der Größe oder dem Umfang einer der Ressourcenschätzungen vorgenommen. Das Unternehmen hat auch seine Website und Unternehmenspräsentationen überarbeitet, um den NI 43-101-Standards zu entsprechen, und dabei Begriffe wie 'NI 43-101 konform' und 'potenziell weltklasse' entfernt. Die aktualisierten technischen Berichte sind auf SEDAR+ und der Unternehmenswebsite verfügbar.
- Resource estimates for both Butiá and Cerrito projects remain unchanged
- Company required to revise technical reports due to regulatory review
- Required to remove promotional language from corporate materials
Toronto, Ontario--(Newsfile Corp. - November 26, 2024) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras Gold" or the "Company") announces that, as a result of a review (the "Review") of the existing Butiá and Cerrito Technical Reports by staff of the Ontario Securities Commission (the "OSC"), the Company is issuing the following news release regarding disclosure on the Butiá and the Cerrito Projects.
In connection with the Review, the Company has filed: (i) an amended technical report entitled "NI 43-101 Technical Report Mineral Resource for the Cerrito Gold Prospect Rio Grande do Sul, Brasil dated November 15, 2024 with an effective date of May 31, 2022 (the "Cerrito Technical Report"); and (ii) an amended technical report entitled "NI 43-101 Technical Report Mineral Resource for the Butiá Gold Prospect Rio Grande do Sul, Brasil dated November 15, 2024 with an effective date of January 25, 2022 (the "Butiá Technical Report").
The Company is amending both reports according to the OSC suggestions following their staff review. There is no change to the size or scope of either the Butiá or Cerrito resource estimates. The Cerrito Technical Report and the Butiá Technical Report include additions to disclosure of: (i) the assumptions used to support the cut-off grade; (ii) constraining the mineral resources within a conceptual pit shell to demonstrate reasonable prospects for eventual economic extraction; (iii) rounding of the mineral resource estimates to significant figures; and (iv) clarifying that the independent qualified person is responsible for all items of the Technical Reports.
In addition to filing the Cerrito Technical Report and the Butiá Technical Report, the Company has revised its website and corporate presentations pertaining to the use of the phrase "NI 43-101 compliant" related to estimation of mineral resources, adding inferred resources to other categories of resources prohibited by paragraph 2.2(c) of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and use of the term "potential world-class" related to the Issuer's Lavras do Sul property.
The Cerrito Technical Report and the Butiá Technical Report are available under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.lavrasgold.com.
Michael Durose, President & CEO for Lavras Gold Corp., is the qualified person ("QP") as defined by Canadian National Instrument 43-101 and has reviewed and approved the technical information contained in this release.
About Lavras Gold
Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) is a Canadian exploration company focused on realizing the potential of a highly prospective gold district in southern Brazil. Its Lavras do Sul Project is located in Rio Grande do Sul State and is primarily an intrusive hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the property, which spans more than 23,000 hectares. Follow Lavras Gold on www.lavrasgold.com, as well as on LinkedIn, Twitter, and YouTube.
On Behalf of Lavras Gold Corp.
"Michael Durose"
President & CEO
Contact Information
For further information, please visit the Lavras Gold Corp. website at www.lavrasgold.com, or contact:
Michael Durose, President & CEO
or
Naomi Nemeth, VP Investor Relations
Phone: +1-289-624-1343 or +1-289-624-1377
Email: investor@lavrasgold.com
Instagram: lavrasgold
Website: www.lavrasgold.com
X (Twitter): @LavrasGold
DISCLAIMER AND FORWARD-LOOKING INFORMATION
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements, including those on planned exploration activities and goals, are only objectives and predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information, including the risks and factors that generally affect exploration and the uncertainty of exploration results. For a description of the risks and uncertainties facing the Company and its business, refer to the Company's Management's Discussion and Analysis recently filed under the Company's profile on www.sedar.com. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231439
FAQ
What changes were made to Lavras Gold's (LGCFF) technical reports in November 2024?
Did the OSC review affect Lavras Gold's (LGCFF) resource estimates?
What promotional language did Lavras Gold (LGCFF) remove from its materials?
