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Press Release - Lara Exploration (LRA-TSX.V) |
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“We have something that you just cannot go out and buy. We have all been working in South America for a long time. I have been there since the mid-1980’s, and my vice president has been there since the mid-1970’s. We also have a team of very senior Brazilian and Peruvian geologists that work with us and collectively we have pretty much been everywhere seen everything...” - Miles Thompson (LRA) (Interview published February 22, 2008) |
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Lara Completes Campos Verdes Drill Program
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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.
Quality Control
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.
About Lara
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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The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release
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Copyright (c) 2008 LARA EXPLORATION LTD. (LRA) All rights reserved.
For more information visit our website at
http://www.laraexploration.com/ or send mailto:info@laraexploration.com
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