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Lavras Gold Corp ( (TSE:LGC) ) has shared an announcement.
Lavras Gold Corp. reported strong new drill results from the Caneleira target, located about 2 kilometers north of its flagship Butiá-Fazenda do Posto Gold Project in southern Brazil. Key intercepts include 21.66 grams per tonne of gold over 15 metres, with an ultra-high-grade interval of 52.73 grams per tonne over 6 metres, confirming robust mineralization within structurally controlled, hydrothermally altered zones.
The company said the Caneleira results, combined with earlier historical drilling, reinforce the potential for district-scale growth at the Lavras do Sul Project, as mineralization remains open along strike and at depth. Management plans to extend drilling with step-out holes and additional target testing, viewing Caneleira and nearby anomalies as an important new front that could significantly expand the project’s overall gold inventory and strategic value.
The most recent analyst rating on (TSE:LGC) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Lavras Gold Corp stock, see the TSE:LGC Stock Forecast page.
Spark’s Take on TSE:LGC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGC is a Neutral.
Score is held back primarily by weak fundamentals: no revenue, widening losses, and significant negative free cash flow. Support comes from a conservatively levered balance sheet and moderately positive technical trend signals, while valuation remains challenged due to negative earnings; corporate updates are constructive but still early-stage.
To see Spark’s full report on TSE:LGC stock, click here.
More about Lavras Gold Corp
Lavras Gold Corp. is a mineral exploration company focused on advancing gold projects in the Lavras do Sul district of Rio Grande do Sul, southern Brazil. Its flagship asset is the Butiá-Fazenda do Posto Gold Project, and the company is actively exploring multiple nearby targets within a 23,000-hectare land package to build a district-scale gold inventory.
Average Trading Volume: 79,441
Technical Sentiment Signal: Buy
For detailed information about LGC stock, go to TipRanks’ Stock Analysis page.