Lavras Gold Corp Reports Significant Gold Intersections at Butiá Deposit

The latest announcement is out from Lavras Gold Corp ( (TSE:LGC) ).

Lavras Gold Corp announced promising results from seven new drill holes at the Butiá Gold Deposit, part of the LDS Project in southern Brazil. The drilling intersected significant gold mineralization, including a notable 371-meter section grading 1.0 g/t gold, with higher-grade subintervals. These results are aimed at increasing the confidence in the Butiá gold resource and potentially expanding its footprint. The company continues its exploration efforts with a renewed drilling contract and ongoing metallurgical testing, moving towards its goal of defining an economically viable gold resource.

Spark’s Take on TSE:LGC Stock

According to Spark, TipRanks’ AI Analyst, TSE:LGC is a Neutral.

Lavras Gold Corp’s stock score reflects significant financial challenges, with a lack of revenue and ongoing losses being major concerns. However, positive corporate events such as significant gold intersections and successful capital raising provide some optimism for future potential. Technical analysis suggests neutral market sentiment, while valuation metrics are unfavorable due to negative earnings.

To see Spark’s full report on TSE:LGC stock, click here.

More about Lavras Gold Corp

Lavras Gold Corp is a mining company focused on the exploration and development of gold deposits. The company operates primarily in the LDS Project located in southern Brazil, with a significant focus on the Butiá Gold Deposit and the adjacent Fazenda do Posto gold target.

Average Trading Volume: 47,050

Technical Sentiment Signal: Strong Buy

Find detailed analytics on LGC stock on TipRanks’ Stock Analysis page.