Lara Adds New Ground To Sami Gold Project
January 19, 2012 (TSX Venture: LRA) - Lara Exploration Ltd. (“Lara” or the “Company”), is pleased to report that based on the very encouraging results from the 2011 field programs, the Company has added 15,000 hectares in new claims to its 100%-owned Sami Gold Project in the Ayacucho and Huancavelica departments of southern Peru. Including the recently announced Isy option agreement, the Company now controls an area of approximately 50,000 hectares of mineral rights, within which its teams have outlined 17 gold-silver targets associated with high and low sulphidation alteration assemblages, with quartz veining, siliceous bodies, hydrothermal breccias and oxidized stockworks.
Mr. Andre Gauthier, President of Lara Exploration commented: “The more work we do at Sami, the better it looks and we look forward to reporting in more detail in the coming weeks once all the 2011 results have been compiled.”
Andre Gauthier, Lara’s President, a member of the Quebec Order of Engineers, 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 an exploration company following the Prospect Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint ventures funded by partners. The Company currently holds a diverse portfolio of prospects and deposits primarily in Brazil and Peru where it has signed agreements for fifteen joint ventures. 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 Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.