Lara Intercepts 40 Metres with 1.39% Copper at the Lara Project in Peru
Published : February 22, 2011

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Brazil | Canada | China | Colombia | Copper | Diamond | Gold | Market | Molybdenum | Peru |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2011) - Lara Exploration Ltd. (News - Market indicator) ("Lara" or the "Company") is pleased to report further very encouraging drill results from its Lara Project in southern Peru. Highlights from these latest results are:

  • Hole LA-10-32 - which intercepted 108 metres grading 0.81% copper and 0.015% molybdenum (0.90% copper equivalent "CuEq"), including 40 metres with an average grade of 1.39% Cu and 0.012% molybdenum (1.46% CuEq), establishes a higher-grade, east-west corridor on section 11350N.
  • Hole LA-10-34 - expands the enriched copper mineralization 225 metres to the east on section 11220N by intersecting 30 metres (56-86 metres) of 0.71% copper.
  • Hole LA-10-36 - expands mineralization to the south on section 1130N by returning 6 metres (24-30 metres) of 2.14% copper and 94 metres (36-130 metres) of 0.38% copper and 0.016% molybdenum (0.48% CuEq) and terminated in mineralization grading 0.30% copper and 0.035% molybdenum (0.51% CuEq).

"These drill results have demonstrated the potential for not only supergene enriched secondary mineralization, but also for hypogene (sulphide) mineralization and show the Lara copper-molybdenum porphyry system to still be open in all directions," commented Andre Gauthier, President of Lara.

Eleven Diamond drill holes totalling approximately 2,000 metres have been completed on this program, including both infill and step-out holes to the existing resource. The program is being operated by Lara on behalf of Redzone Resources Ltd. ("Redzone"), which has the right to earn up to a 75% interest in the Project (see Lara press release of February 12, 2010 for details).

Hole LA-10-32 was collared on section 11350N approximately 140 metres west of LRC-21 drilled in 1997, which intercepted 36 metres averaging 0.76% copper, ended in mineralization at 114 metres and was not analyzed for molybdenum. Hole LA-10-32 also lies 275 metres west of hole LA-10-35 which intercepted 218 metres with 0.57% copper and 0.042% molybdenum (see Company press release of February 1, 2011 for details).

Hole LA-10-33 was collared on section 11130N approximately 60 metres east of 1997 drill hole LRC-02, which intercepted 0.42% copper over 20 metres from surface and 0.46% copper over 26 metres from 42 metres down hole. Hole LA-10-33 expands the mineralization to the east by returning 0.39% copper over 48 metres from 2 metres down hole.

Hole LA-10-34 was collared on section 11220N approximately 225 metres east of 1997 drill hole LRC-24 (which cut 13 metres grading 0.42% copper) and expanded the mineralization to the east by returning 0.71% copper over 30 metres.

Hole LA-10-36 was collared on section 11130N approximately 270 metres west of hole LA-10-33 and intersected an oxide zone at 26 metres down hole that returned 5.88% copper over 2 metres followed by 94 metres grading 0.38% copper and 0.016% molybdenum starting at 36 metres down hole. This hole terminated in mineralization grading 0.30% copper and 0.035% molybdenum.

Hole LA-10-37 was collared 60 metres northwest of hole LA10-35 and hole LA10-38, which is the south-western most drill hole, was collared on section 11130N approximately 65 metres southwest of 1997 drill hole LRC-23 (terminated in mineralization at 90 metres down hole with the final 64 metres grading 0.38% copper and no analysis for molybdenum). 

Further 2010 Lara Copper-Molybdenum Drill Results:
Drill Hole # From (m) To (m) Length (m) Cu % Mo % CuEq
LA-10-32 54.00 162.00 108.00 0.81 0.015 0.90
  including 58.00 98.00 40.00 1.39 0.012 1.46
LA-10-33 0.00 90.60* 90.60 0.33 NSV 0.33
  including 2.00 50.00 48.00 0.39 NSV 0.39
LA-10-34 52.00 90.00 38.00 0.61 NSV 0.61
  including 56.00 86.00 30.00 0.71 NSV 0.71
LA-10-36 24.00 30.00 6.00 2.14 NSV 2.14
  including 26.00 28.00 2.00 5.88 NSV 5.88
  and 36.00 130.00* 94.00 0.38 0.016 0.48
LA-10-37 48.00 362.00 314.00 0.21 0.012 0.28
  including 222.00 344.00 122.00 0.23 0.017 0.33
  including 280.00 344.00 64.00 0.25 0.021 0.38
LA-10-38 30.00 220.00 190.00 0.28 0.011 0.35
  including 118.00 178.00 60.00 0.33 0.016 0.43
  including 150.00 178.00 28.00 0.39 0.018 0.50
Table notes:
1. All holes drilled vertically and all intervals are core lengths; Cu equivalent in per cent calculated using $2.50 (U.S.) per pound copper and $15 (U.S.) per pound molybdenum, and the following formula: ((percentage Cu times 22 times price Cu per pound) plus (percentage Mo times 22 times price Mo per pound)) divided by (price Cu per pound times 22).
2. (*) end of hole
3. Metallurgical recoveries and net smelter returns are not considered.

Quality Control

The Company follows industry standard quality assurance and quality control procedures for all its samples, under the supervision of Noel Díaz, General Manager Peru. The QA/QC program includes the insertion of blanks, duplicates and certified standards into the sample stream. Core is photographed on site and subsequently sawn in half, with one half sent for analysis and the other half stored for future reference and assay verification. All samples are shipped to a CIMM certified laboratory in Lima, with duplicates sent to ALS Chemex laboratory, where they are analysed for copper (Total and Soluble), gold, and multi-element ICP.

André Gauthier, P. Eng., President of Lara Exploration Ltd., is the Qualified Person and responsible for the preparation and content of this press release pursuant to NI 43-101.

About Lara

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 in Brazil, Peru, Colombia and China, with eight actively funded joint ventures. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA". 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact

Lara Exploration Ltd.
Chris MacIntyre
VP Corporate Development
+1 416 346-7660 or +381 63 574 125
info@laraexploration.com
www.laraexploration.com
Data and Statistics for these countries : Brazil | Canada | China | Colombia | Peru | All
Gold and Silver Prices for these countries : Brazil | Canada | China | Colombia | Peru | All

Lara Exploration Ltd.

EXPLORATION STAGE
CODE : LRA.V
ISIN : CA5166831092
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Lara Expl. is an exploration silver and gold company based in Canada.

Lara Expl. holds various exploration projects in Brazil.

Its main exploration properties are CAMPOS VERDES, SÃO LOURENÇO, CURIONOPOLIS, CONCEICAO BRAZIL, ARAGUAIA, CANABRAVA and LIBERTADE BRAZIL in Brazil and LARA COPPER, PICHA and LAMPA in Peru.

Lara Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 16.8 millions as of today (US$ 12.4 millions, € 11.1 millions).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 2.14, and its lowest recent point on August 07, 2015 at CA$ 0.20.

Lara Expl. has 34 210 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Lara Exploration Ltd.
2008 Annual report
Project news of Lara Exploration Ltd.
10/15/2013(Curionopolis)Agreement Signed for Development of the Curionopolis Copper ...
2/7/2013(Picha)Drill Permit Granted for the Picha Copper-Silver Project in ...
4/8/2011(Curionopolis)Progress Report on the Curionopolis Iron Project in Brazil
3/7/2011(Libertade Brazil)Codelco Intercepts Copper on Lara's Liberdade Project in Bra...
2/22/2011(Lara Copper)Intercepts 40 Metres with 1.39% Copper at the Lara Project i...
2/14/2011(Conceicao Brazil)Reports Platinum and Palladium Values From Its Conceicao Nic...
1/24/2011(Curionopolis)Additional Royalty Negotiated for the Curionopolis Iron Ore ...
11/4/2009(Curionopolis)Starts Curionópolis Drill Program
9/28/2009(São Lourenço)Independent Review and Technical Report Completed on São Lou...
Corporate news of Lara Exploration Ltd.
8/2/2016Picha Copper Project Sold to Carajas Copper
7/11/2016Lara Exploration Increases Private Placement to $3,000,000
7/5/2016Lara Exploration to Raise Up to $2 Million by Private Placem...
6/21/2016Lara's Grace Option Agreement With Apumayo Extended
6/6/2016Lara Reports New Exploration Licenses Issued for the Planalt...
5/27/2016Lara Exploration Ltd.: Corporate Update
5/12/2016Lara Exploration Announces That the Company has Fully Disclo...
3/23/2016Lara Signs Option to Acquire Serrita Gold Project in Brazil
2/2/2016Revised Resource Estimate Report Filed for Maravaia Copper G...
2/1/2016Lara to Acquire the Tocantins Gold Project in Brazil
12/21/2015Lara Reports Progress of Development and Construction at the...
10/26/2015Lara Signs Option to Acquire the Azul Tin Project in Brazil
8/31/2015Lara Exploration to Commence at Ki Phosphate Project in Chil...
8/26/2015Lara Exploration Ltd.: Colombia Phosphate Alliance Agreed Wi...
7/27/2015Lara Exploration Ltd.: Granting of Incentive Stock Options
6/23/2015Lara Files for Arbitration of the Vertical Iron Agreement in...
6/16/2015Lara Agrees to Settle Insider Debts in Cash and Shares
6/8/2015Lara Exploration Ltd.: Drilling Intersects 27 Metres at 4.37...
6/2/2015Lara Exploration Ltd.: Letter of Intent Signed for the Picha...
6/1/2015Lara Exploration Ltd.: Drilling Intersects 56 Metres at 16.5...
5/26/2015Lara Exploration Ltd.: Update on the Liberdade Copper Projec...
5/26/2015Update on the Liberdade Copper Project in Brazil
5/20/2015Lara Exploration Ltd.: 13.69 Metres Averaging 18.38% Graphit...
5/19/2015Lara Exploration Ltd.: Phillips River Shareholders Approve A...
12/15/2014Lara and Goldplata Agree to Create New Copper Porphyry Explo...
11/4/2014Lara Amends Option Agreement for Its Caninde Graphite Projec...
10/15/2014Lara Signs Definitive Agreement to Sell Phosphate and Coal I...
9/24/2014Lara Signs Option Agreement for its Canindé Graphite Project...
7/29/2014Definitive Agreement Signed for Sale of Corina Project to Mi...
7/2/2014Focus Graphite Relinquishes Caninde Option
6/23/2014Lara Signs Letter of Intent to Sell Corina Project in Peru t...
5/20/2014Lara Signs Heads of Agreement to Sell Phosphate and Coal Int...
4/29/2014Lara Exploration Ltd.: Antofagasta Relinquishes Sami Option
4/28/2014Lara Adopts Advance Notice Policy and Appoints New President
10/7/2013Codelco Expands Mineralized Footprint at Liberdade Cu-Au Dis...
7/16/2013Exploration Joint Venture and Portfolio Update
7/10/2013Agrees Sale of Grace Gold Project to Aruntani S.A.C.
6/26/2013Options Sami Property to Antofagasta
5/21/2013Drilling Restarts at Liberdade in Northern Brazil
3/20/2013Agrees to Terms of Sami Option with Antofagasta
2/25/2013Signs Option to Acquire the Planalto Copper Project in North...
2/20/2013to Acquire Shares of Carbhid Coal
2/4/2013Malbex Relinquishes Option on the Grace Gold Project in Peru
1/21/2013Secures Renewals for the Sergipe Potash Licenses
1/14/2013Agreement Completed with Focus Graphite on Lara's Caninde Pr...
11/14/2012Bahia Inglesa Phosphate Acquisitions, Chile
10/22/2012Successful Completion of $5.0 Million Private Placement
10/11/2012Options the Chocos Polymetallic Project in Peru to CJL Capit...
9/27/2012and Antofagasta form Strategic Alliance to Explore for Coppe...
9/18/2012to Raise up to $3 Million by Private Placement
9/17/2012Codelco Mobilizes Drilling on the Liberdade Copper Project i...
9/10/2012Avanco Mobilizes Drilling on the Conceição Nickel Sulphide P...
7/8/2011Issuance of Bonus Shares And Implentation of Stock Grant Pro...
5/24/2011(Canabrava)Drill Program Started at Canabrava in Central Brazil
4/26/2011New Zone of Mineralization Found on the Tingo Este Copper Pr...
2/22/2011Corporate Update
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (LRA.V)OTHER OTC (LRAXF)
0.490+5.38%0.360+2.86%
TSX-V
CA$ 0.490
06/17 15:27 0.030
5.38%
Prev close Open
0.465 0.465
Low High
0.465 0.490
Year l/h YTD var.
0.415 -  0.590 15.29%
52 week l/h 52 week var.
0.415 -  0.720 -16.95%
Volume 1 month var.
24,126 5.38%
24hGold TrendPower© : -7
Produces
Develops
Explores for Copper - Gold - Nickel - Palladium - Platinum - Silver - Tin - Zinc
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 7/16/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
201912.64%0.450.42
2018-38.73%0.840.42
2017-33.64%1.230.50
2016328.00%1.580.22
2015-30.56%0.450.20
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.87-0.43%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 4.20+1.69%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.02+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+0.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.60+4.58%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.43-3.24%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-8.33%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.49-2.35%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 0.90-1.10%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.76+0.45%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.04+12.50%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.14+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.62-1.22%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 26.41+2.48%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.08+6.67%Trend Power :