Lavras Gold (TSX-V:LGC) Corp revealed that it is preparing to launch a drone aeromagnetic survey that will help identify additional exploration targets for its Lavras do Sul (LDS) project in southern Brazil.
The Toronto-based exploration company said that up to 3,357-line kilometres (km) will be flown, covering 40% of the property that has not previously been covered by air magnetics.
According to the company, the survey is one component of its strategy to apply a “sustained systematic and technically-based exploration effort” to the highly prospective LDS project.
WATCH: Lavras Gold using drone technology to unlock potential targets on Lavras do Sul Project
"This aeromagnetic survey will provide critical information about the structural setting of the Lavras Do Sul Intrusive Complex," Lavras Gold Corp CEO Michael Durose said in a statement. "The gold mineralization at the LDS Project is structurally controlled, so this data will provide eagerly anticipated valuable insight for our exploration targeting."
Lavras Gold said that Stratus Aeronautics Inc, which flew similar surveys on the property in 2018 and 2019, will conduct the survey. The firm said field crews are mobilizing to the site, and the survey is expected to be completed in approximately four weeks.
Once the data from the survey is processed, it will be merged with the data from the previous surveys and will provide magnetic data for the entire Lavras Do Sul Intrusive Complex, said the company.
Located in the state of Rio Grande do Sul, the LDS Project is believed to host an alkaline porphyry gold-copper system. More than 23 gold prospects centered on historic gold workings have been identified on the property, which spans more than 22,000 hectares.
Contact the author Uttara Choudhury at uttara@proactiveinvestors.com
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