More Nickel Intercepts From The Araguaia Nickel Project In Brazil
Lara Exploration ("Lara" or the "Company") (LRA-TSX.V) is pleased to report that Teck Cominco Brasil S.A. ("Teck Cominco"), a wholly-owned subsidiary of Teck Cominco Limited, has delivered the remaining analytical results from their diamond drilling program on the Vila Oito target on Lara's Araguaia ("Araguaia") nickel project in Pará State, northern Brazil. The program comprised 42 vertical holes drilled on a 200 meter spaced grid testing a lateritic nickel target area of approximately 1.4 by 1.0 kilometers.
Vila Oito Drill Program
Analytical results have now been received for all 42 holes drilled at Vila Oito. The Company reported results for 33 of the holes earlier in the year (see Lara press release dated January 28, 2008), the new results from the remaining holes are summarized in Table 1. Nickel intersections are reported with a minimum of 2 meters width and with a lower cut-off grade of 0.9% nickel.
Table 1 -- Vila Oito Infill Diamond Drilling Program (Partial) | |||||
Drill Hole | Target | From (m) | To (m) | Interval (m) | Nickel % |
PCA-DD-0446 | Vila Oito | 0 | 8.80 | 8.8 | 1.25 |
PCA-DD-0448 | Vila Oito | No significant results | |||
PCA-DD-0449 | Vila Oito | 3.20 | 6.20 | 3.0 | 1.27 |
PCA-DD-0451 | Vila Oito | 14.20 | 18.40 | 4.2 | 0.958 |
PCA-DD-0453 | Vila Oito | 10.0 | 17.0 | 7.0 | 0.944 |
PCA-DD-0464 | Vila Oito | No significant results | |||
PCA-DD-0465 | Vila Oito | 1.6 | 5.2 | 3.6 | 1.07 |
PCA-DD-0466 | Vila Oito | 4.1 | 16.1 | 12.0 | 1.25 |
PCA-DD-0473 | Vila Oito | 1.7 | 5.2 | 3.5 | 1.192 |
7.7 | 11.0 | 3.3 | 1.01 | ||
The Vila Oito mineralization is adjacent to, and contiguous with, mineralization already being explored by Teck Cominco.
Regional Exploration
Lara's Araguaia project comprises a total of 310,000 hectares of mineral rights, with Vila Oito one of several targets selected from airborne geophysical surveys and regional prospecting. In addition to the drilling at Vila Oito, Teck Cominco has field checked 17 other targets, conducting follow-up soil sampling and mapping on 7 of them. The best of these targets,"Floresta", comprises a 1200 by 500 metre soil anomaly with a maximum value of 3850 parts per million ("ppm") nickel. Auger drilling is being employed to better understand the soil anomalies and has been completed on two targets and is on-going on a third.
Quality Control
Michael Bennell, Lara's Vice President Exploration and a member of the Australasian Institute of Mining and Metallurgy, 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.
Teck Cominco, who holds the project under option from Lara, is the operator of the Project and employs a rigorous QA/QC protocol including the use of standards and blanks and insertion of duplicate samples at regular intervals. Samples are taken at nominal one meter intervals with breaks occurring at geological contacts. Sample preparation is made locally in a dedicated sample preparation facility operated by Teck Cominco near Conceição de Araguaia and samples are assayed using X-Ray Fluorescence methods at the commercial SGS-Geosol Laboratory in Belo Horizonte, Minas Gerais State.
About Lara
Lara is a well-funded junior exploration company with projects 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.