{"id":1136873,"date":"2019-09-06T08:15:18","date_gmt":"2019-09-06T13:15:18","guid":{"rendered":"https:\/\/www.mining.com\/?p=1001165"},"modified":"2019-09-06T08:15:18","modified_gmt":"2019-09-06T13:15:18","slug":"lara-transfers-rights-for-tocantins-gold-project","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1136873","title":{"rendered":"Lara transfers rights for Tocantins gold project"},"content":{"rendered":"<p>Lara Exploration (TSXV: LRA) announced that it signed a definitive agreement transferring all its rights and obligations for the Tocantins gold project to local mining company Minera\u00e7\u00e3o Aldeia de Vale Eireli in exchange for a 2% net smelter return royalty on production.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The project is located near the town of Concei\u00e7\u00e3o de Tocantins in the eastern-central Brazilian state of Tocantins. It comprises two exploration licenses totalling 14,329 hectares, covering Lower Proterozoic age greenstone lithologies that have been mined for gold sporadically since colonial times.\u00a0<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>The area where the Tocantins gold project sits has been mined for gold sporadically since colonial times <\/p>\n<\/blockquote>\n<\/figure>\n<p>According to Lara, Vale S.A. (NYSE<g class=\"gr_ gr_17 gr-alert gr_gramm gr_inline_cards gr_disable_anim_appear Style replaceWithoutSep\" id=\"17\" data-gr-id=\"17\">:VALE<\/g>) carried out the first systematic exploration of the area in the 1990s, targeting gold associated with low-angle thrust faults and fold structures, completing 180 shallow reverse circulation drill holes that <g class=\"gr_ gr_3 gr-alert gr_spell gr_inline_cards gr_disable_anim_appear ContextualSpelling multiReplace\" id=\"3\" data-gr-id=\"3\">totalled<\/g> 9,129 <g class=\"gr_ gr_4 gr-alert gr_spell gr_inline_cards gr_disable_anim_appear ContextualSpelling multiReplace\" id=\"4\" data-gr-id=\"4\">metres<\/g>, and outlining several near-surface gold occurrences.\u00a0<\/p>\n<p>&#8220;Further work undertaken more recently by a junior explorer, included twelve diamond drill holes (totalling 1,731 metres), targeting higher grade plunging zones in fold noses,&#8221; the Vancouver-based miner said in a press release. &#8220;The best results from this program were intercepts of 2 metres at an average grade of 18.97 grams per tonne gold (&#8220;g\/tAu&#8221;) from drill hole TO-08, and 17 metres at 3.93 g\/tAu, including 4 metres at 9.01 g\/tAu and 2 metres at 11.05 g\/tAu from drill hole TO-09.&#8221;<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/lara-exploration\/\">Lara transfers rights for Tocantins gold project<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/\">MINING.COM<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian miner gave its rights to the property to Minera&ccedil;&atilde;o Aldeia de Vale Eireli in exchange for a 2% NSR.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/lara-exploration\/\">Lara transfers rights for Tocantins gold project<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mining.com\/\">MINING.COM<\/a>.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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