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Lara Exploration Ltd.: Progress Report on the Curionopolis Iron Project in Brazil
Published : April 06, 2011
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Mots clés associés :   Canada |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2011) - Lara Exploration Ltd. (News - Market indicators) ("Lara" or the "Company") is pleased to report good progress by partner Vertical Mineração Ltda ("Vertical") on the exploration and development of the Curionópolis Iron Project in Pará State, northern Brazil. Pits, shallow drilling and trenching have outlined sufficient granular iron mineralization to justify the start of operations and work is currently underway on permitting for pilot mining and construction of the processing plant. Concurrently a 6,000 metre drilling program has been initiated to outline reserves in order to apply for a mining license.

Vertical has defined granular iron mineralization on four target areas: Escondida, Maravaia, Serra do Meio and ITM, excavating 197 pits, each of which has been channel sampled, with the 35-40 kilogram samples generated for granulometric and geochemical analysis. A further 36 shallow diamond core holes have been drilled at Serra Morena and Escondida, and 515 metres of trenches at Serra Morena, giving a roughly 50 metre by 50 metre grid coverage of the areas of interest for shallow granular mineralization. Vertical is currently completing permitting for a pilot-scale mining operation and has begun construction of a treatment and processing plant for this material. Subject to granting of the necessary permits, Vertical expects to begin production of granular iron mineralization in the second half of this year.

Vertical has also begun a more extensive evaluation of the iron mineralization throughout the property, with a view to submitting a complete resource statement to the Brazilian Department of Mines and applying for a Mining License later in the year. A 6,000 metre diamond drill program has been started on the Escondido target and will continue with testing of the Maravaia and Norte target areas on a roughly 100 by 100 metres grid. Diamond drilling during 2010 already outlined significant high-grade iron (>60% iron) mineralization at Serra Morena (see Company news releases of May 10 and July 19, 2010).

Under the terms of the agreement with Vertical, Lara has ceded an area of 1,348.46 hectares of the Curionópolis Property in exchange for US$1.4 million in cash (US$100,000 paid to date) payable over two years from publication of the transfer that occurred on November 24, 2010, or within six months of the start of pilot mining. Vertical will also pay royalties to Lara of US$1.50/ton on sales of granular iron ore produced and US$0.75/ton on sales of fine-grained iron ore from the Project.

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 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 expected to drill targets in 2011. 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.

Lara Exploration Ltd.
Chris MacIntyre
VP Corporate Development
+1 416 703-0010
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Lara Exploration Ltd.

ISIN : CA5166831092
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Lara Expl. est une société d’exploration minière d'argent et d'or basée au Canada.

Lara Expl. détient divers projets d'exploration au Bresil.


Lara Expl. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 22,6 millions CA$ (17,8 millions US$, 15,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 2,14 CA$, et son plus bas niveau récent le 07 août 2015 à 0,20 CA$.

Lara Expl. possède 34 210 000 actions en circulation.

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Rapports annuels de Lara Exploration Ltd.
2008 Annual report
Projets de Lara Exploration Ltd.
15/10/2013(Curionopolis)Agreement Signed for Development of the Curionopolis Copper ...
07/02/2013(Picha)Drill Permit Granted for the Picha Copper-Silver Project in ...
08/04/2011(Curionopolis)Progress Report on the Curionopolis Iron Project in Brazil
07/03/2011(Libertade Brazil)Codelco Intercepts Copper on Lara's Liberdade Project in Bra...
22/02/2011(Lara Copper)Intercepts 40 Metres with 1.39% Copper at the Lara Project i...
14/02/2011(Conceicao Brazil)Reports Platinum and Palladium Values From Its Conceicao Nic...
24/01/2011(Curionopolis)Additional Royalty Negotiated for the Curionopolis Iron Ore ...
04/11/2009(Curionopolis)Starts Curionópolis Drill Program
28/09/2009(São Lourenço)Independent Review and Technical Report Completed on São Lou...
Communiqués de Presse de Lara Exploration Ltd.
02/08/2016Picha Copper Project Sold to Carajas Copper
11/07/2016Lara Exploration Increases Private Placement to $3,000,000
05/07/2016Lara Exploration to Raise Up to $2 Million by Private Placem...
21/06/2016Lara's Grace Option Agreement With Apumayo Extended
06/06/2016Lara Reports New Exploration Licenses Issued for the Planalt...
27/05/2016Lara Exploration Ltd.: Corporate Update
12/05/2016Lara Exploration Announces That the Company has Fully Disclo...
23/03/2016Lara Signs Option to Acquire Serrita Gold Project in Brazil
02/02/2016Revised Resource Estimate Report Filed for Maravaia Copper G...
01/02/2016Lara to Acquire the Tocantins Gold Project in Brazil
21/12/2015Lara Reports Progress of Development and Construction at the...
26/10/2015Lara Signs Option to Acquire the Azul Tin Project in Brazil
31/08/2015Lara Exploration to Commence at Ki Phosphate Project in Chil...
26/08/2015Lara Exploration Ltd.: Colombia Phosphate Alliance Agreed Wi...
27/07/2015Lara Exploration Ltd.: Granting of Incentive Stock Options
23/06/2015Lara Files for Arbitration of the Vertical Iron Agreement in...
15/12/2014Lara and Goldplata Agree to Create New Copper Porphyry Explo...
04/11/2014Lara Amends Option Agreement for Its Caninde Graphite Projec...
15/10/2014Lara Signs Definitive Agreement to Sell Phosphate and Coal I...
24/09/2014Lara Signs Option Agreement for its Canindé Graphite Project...
29/07/2014Definitive Agreement Signed for Sale of Corina Project to Mi...
02/07/2014Focus Graphite Relinquishes Caninde Option
23/06/2014Lara Signs Letter of Intent to Sell Corina Project in Peru t...
20/05/2014Lara Signs Heads of Agreement to Sell Phosphate and Coal Int...
29/04/2014Lara Exploration Ltd.: Antofagasta Relinquishes Sami Option
28/04/2014Lara Adopts Advance Notice Policy and Appoints New President
07/10/2013Codelco Expands Mineralized Footprint at Liberdade Cu-Au Dis...
16/07/2013Exploration Joint Venture and Portfolio Update
10/07/2013Agrees Sale of Grace Gold Project to Aruntani S.A.C.
26/06/2013Options Sami Property to Antofagasta
21/05/2013Drilling Restarts at Liberdade in Northern Brazil
20/03/2013Agrees to Terms of Sami Option with Antofagasta
25/02/2013Signs Option to Acquire the Planalto Copper Project in North...
20/02/2013to Acquire Shares of Carbhid Coal
04/02/2013Malbex Relinquishes Option on the Grace Gold Project in Peru
21/01/2013Secures Renewals for the Sergipe Potash Licenses
14/01/2013Agreement Completed with Focus Graphite on Lara's Caninde Pr...
14/11/2012Bahia Inglesa Phosphate Acquisitions, Chile
22/10/2012Successful Completion of $5.0 Million Private Placement
11/10/2012Options the Chocos Polymetallic Project in Peru to CJL Capit...
27/09/2012and Antofagasta form Strategic Alliance to Explore for Coppe...
18/09/2012to Raise up to $3 Million by Private Placement
17/09/2012Codelco Mobilizes Drilling on the Liberdade Copper Project i...
10/09/2012Avanco Mobilizes Drilling on the Conceição Nickel Sulphide P...
08/07/2011Issuance of Bonus Shares And Implentation of Stock Grant Pro...
24/05/2011(Canabrava)Drill Program Started at Canabrava in Central Brazil
26/04/2011New Zone of Mineralization Found on the Tingo Este Copper Pr...
22/02/2011Corporate Update
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