Lavras Gold Corp. Expands Exploration Success with Multiple High-Potential Gold Discoveries

Lavras Gold Corp. is making substantial strides in gold exploration, leveraging strategic drilling and financial discipline to uncover promising mineral resources across its portfolio of properties. The company's focused exploration strategy has yielded impressive results, with multiple deposits showing substantial gold mineralization and significant expansion potential.

The Fazenda do Posto discovery represents a critical breakthrough for Lavras Gold, revealing a blind gold deposit with robust mineralization. Initial drilling results have shown impressive intervals, including 340 meters averaging 1.1 grams of gold per tonne and a high-grade core of 59 meters grading 2.9 grams per tonne. This discovery, located just 150 meters west of the existing Butiá Deposit, underscores the company's geological expertise and potential for resource expansion.

The Butiá Deposit remains the company's most advanced project, currently hosting measured and indicated resources of approximately 377,000 ounces of gold. Recent drilling has demonstrated extensive mineralization continuity, with significant intercepts of 236 meters grading 1.4 grams of gold per tonne. The deposit remains open at depth and laterally, suggesting considerable potential for further resource growth.

Complementing the Butiá and Fazenda do Posto discoveries, the Cerrito Deposit offers additional promise with indicated resources of 188,000 ounces and inferred resources of 293,000 ounces. The deposit's potential for further expansion through ongoing exploration adds depth to Lavras Gold's mineral portfolio.

Financial discipline has been a cornerstone of Lavras Gold's strategy. The company concluded 2024 with a cash balance of C$1.65 million and successfully completed a C$15.0 million equity financing in February 2025 at C$2.20 per share. By attracting new institutional investors and maintaining no long-term debt, the company has preserved financial flexibility for continued exploration and potential development.

Looking forward, Lavras Gold aims to transition from exploration to production by advancing economic and metallurgical studies at Fazenda do Posto and Butiá towards a preliminary economic assessment. The company's leadership, including CEO Michael Durose and Chairman Rolly Uloth, brings extensive experience in geology and financial markets, providing strategic guidance for future growth.

With approximately 17,000 meters of planned drilling in 2025 across Fazenda do Posto, Butiá, and Caneleira, Lavras Gold is strategically positioned to expand its mineral resources and potentially attract joint venture partnerships. The company's multi-deposit approach and disciplined exploration strategy suggest significant potential in the competitive gold exploration market.