Lara Exploration Ltd.: New Zone of Mineralization Found on the Tingo Este Copper Project in Peru
Published : April 26, 2011
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Keywords :   Brazil | Canada | China | Colombia | Copper | Market | Molybdenum | Peru |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) - Lara Exploration Ltd. (News - Market indicators) ("Lara" or the "Company") is pleased to report that its first pass exploration program, on behalf of partner Redzone Resources Ltd. ("Redzone"), has discovered a new zone of exposed copper-molybdenum mineralization 200 by 600 metres in area on the Tingo Este Copper Project in southern Peru.

The Tingo Este Copper Project comprises four exploration licenses covering a total of 3,700 hectares, located in the western foothills of the Cordillera Occidental with steep topography between 2,100 and 3,600 metres above mean sea level. Other copper projects in the same belt include: Lara (Lara and Redzone), Anita de Tibillos (Tinka), Pucacorral and Puquio (Teck). The project geology at Tingo Este is granitic rocks of the Coastal Batholith and Jurassic-Cretaceous age sediments. Exploration on the western end of the property previously identified surface mineralization that was part tested with 8 reverse circulation drill holes (1,037 metres) that also intercepted primary mineralization.

The Lara exploration team has completed a first pass exploration program over the central part of the property comprising geological mapping, alteration mapping and channel sampling. This work has identified three areas with copper-molybdenum mineralization related to faulting. The most prominent area, Suitojasa, shows alteration with pyrite and chalcopyrite veining and dissemination over a 200 by 600 metre area, with samples returning between 0.15% to 0.94% copper and 4 to 120 parts per million ("ppm") molybdenum.

The second mineralized area, Azuljaja, contains some small-scale underground workings, with a 1.2 metre thick vein sampled by the Company returning 2.55% copper and 119ppm molybdenum and a four metre thick andesite dyke in the same area returning 1.91% copper and 78ppm molybdenum. The third area, Agua Salada, located to the west of the main alteration is characterized by granodiorite with veining, where one sample returned 804ppm copper and 295ppm molybdenum. At informal workings on veining nearby, samples returned 0.45% to 2.86% copper and 19ppm to 64ppm molybdenum.

Andre Gauthier, President of Lara, commented: "We are very excited with this new porphyry copper system discovered at Tingo. This is only a very small sector of the property and opens a new area of exploration for the Redzone joint venture and we now plan a more aggressive program this year."

Lara acquired Tingo Este from Tinka Resources Ltd. ("Tinka") in 2009 and there is a 1% net smelter return royalty payable to Tinka on any production from the property. In February 2010, Lara signed an Option Agreement whereby Redzone may earn up to a 75% interest in both the Lara Copper and Tingo Este Projects.

Quality Control and Qualified Person: The Company follows industry standard quality assurance and quality control procedures for all its samples, under the supervision of Noel Díaz, General Manager Peru and André Gauthier, P.Eng., President of Lara Exploration Ltd., who is the Qualified Person and responsible for the 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. 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.

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

Lara Exploration Ltd.
Chris MacIntyre
VP Corporate Development
+1 416 703 0010
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
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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$ 15.2 millions as of today (US$ 11.4 millions, € 10.3 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.

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Annual reports of Lara Exploration Ltd.
2008 Annual report
Project news of Lara Exploration Ltd.
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2/7/2013(Picha)Drill Permit Granted for the Picha Copper-Silver Project in ...
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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
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3/23/2016Lara Signs Option to Acquire Serrita Gold Project in Brazil
2/2/2016Revised Resource Estimate Report Filed for Maravaia Copper G...
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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...
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
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