Lara Completes Campos Verdes Drill Program
Lara Exploration (“Lara” or the “Company”) is pleased to report that it has completed 1,448 meters of diamond drilling at the Campos Verdes Gold Project in Central Brazil. This program is operated by Lara and funded by CCT Capital Ltd. (TSX.V: CCW), under the terms of the Mineral Property Option Agreement, whereby CCT may earn a 70% interest in the Campos Verdes Property from Lara, by spending US$2 million on exploration by February 27, 2010.
This drill program tested the down-dip extensions of mineralization sampled in the abandoned João Neves open pit (978 meters in six drill holes) and the Jeovah soil and trench anomalies to the northeast of it (408 meters in three holes). The João Neves and Jeovah targets are part of a 12 kilometre regional trend that is interpreted as being a Proterozoic-age thrust fault. A single 60 meter hole was also drilled at the Modesto target, another area of abandoned artisanal workings in the southern part of the property.
The drill cores have been logged, sampled and the core samples submitted to the Acme preparation laboratory in Goiania from where they are despatched to Acme Laboratories in Santiago do Chile for gold fire assay.
Michael Bennell, Lara’s Vice President Exploration and a member of the Australasian Institute of Mining and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and is responsible for the preparation and verification of the technical information in this release.
Lara is a natural resource prospect generator, with multi-commodity exploration portfolio in Brazil and Peru. Lara’s common shares trade on the TSX Venture Exchange under the symbol “LRA”. For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com or contact: Miles Thompson, President or Kim Casswell, Corporate Secretary at (604) 669-8777.
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