Lara Exploration Ltd: Drilling Links the Homestead and Cupuzeiro Targets at Planalto. Capstone Relinquishing Earn-In Option
Vancouver, British Columbia--(Newsfile Corp. - October 4, 2023) - Lara Exploration Ltd. (TSXV: LRA) ("Lara") has been notified by partner Capstone Copper Corp., that it intends to withdraw from its option to earn a 70% interest in the Company's Planalto Copper Project, which is located in the Carajás Mineral Province of Northern Brazil. Since becoming the project operator at Planalto in March 2023, Capstone has completed a further 9,100m of diamond drilling, bringing the project total to...
2023-10-04 7:00 AM EDT
Lara Provides Update on Drilling Program at the Planalto Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - August 2, 2023) - Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report that since the company's press release of May 23, 2023, drill permits for the 11 drill pads have been received for the Gap Zone (200m wide) between the Homestead and Cupuzeiro copper targets on the Planalto project in northern Brazil.To date six of the holes (for a total meterage of 2,432.80m) have been completed on two east-west orientated drill fences, 100m...
2023-08-02 4:15 PM EDT
Lara Reports Further Higher-Grade Copper Intercepts at the Planalto Project
Vancouver, British Columbia--(Newsfile Corp. - July 5, 2023) - Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report the results of six follow-up drill holes to the immediate north eastern side of the Cupuzeiro target, two of which, holes 22-011 and 22-014, gave intersections of 47.22m at 0.652% copper equivalent and 41.51m at 0.737% copper equivalent, respectively, below the zone of high grade intersections reported previously for the Cupuzeiro target (see news releases of May 16,...
2023-07-05 8:30 AM EDT
Lara Exploration Ltd: Drilling Resumes at the Planalto Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2023) - Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report that it has received a new exploration permits from the Canãa dos Carajás municipal environmental agency to drill a further eleven infill and exploratory holes (approximately 3,700m) to test the northern and southern strike trends of the new Cupuzeiro discovery and to better constrain the limits of the higher-grade mineralization zone (see Lara news releases of May 16...
2023-05-23 4:15 PM EDT
Lara Announces Adoption of a Performance Bonus Compensation Plan and Grant of Incentive Stock Options
Vancouver, British Columbia--(Newsfile Corp. - April 24, 2023) - Lara Exploration Ltd. (TSXV: LRA), is pleased to announce that the Company's board of directors (the "Board") has approved the adoption of a Performance Bonus Compensation Plan (the "Bonus Plan") and the grant of 2,420,000 incentive stock options under its existing stock option plan exercisable at $0.79 to certain directors, officers, management company employees and consultants of the Company.Performance Bonus Compensation...
2023-04-24 8:00 AM EDT
Lara Exploration - Update on the Picha Copper-Silver Project in Southern Peru
Vancouver, British Columbia--(Newsfile Corp. - April 17, 2023) - Lara Exploration Ltd. (TSXV: LRA) is pleased to provide an update on work at the Picha Copper-Silver Project, located in the Moquegua and Puno Departments of southern Peru, where Lara holds a 2% NSR on any precious metals produced and a 1% NSR on base metals on the core licenses totalling 3,800 hectares.The Picha mineral rights are held by Australian-listed explorer Valor Resources (ASX: VAL), which has been actively exploring...
2023-04-17 8:00 AM EDT
Lara Expands Mineralized Footprint at the Kenita Project in Central Peru
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2023) - Lara Exploration Ltd. (TSXV: LRA) is pleased to provide an update on work at its Kenita Polymetallic Project, located in the Huancavelica Department of Central Peru. The Company's 2022 field programs have substantially expanded the mineralized footprint, along six major breccia veins and five related mantos (mineralized limestone beds) with significant silver, zinc, and lead values. During the most recent mapping program a...
2023-04-04 8:00 AM EDT
Lara Exploration - Capstone Exercises Option to Become Operator of the Planalto Copper Project
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2023) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), is pleased to report that Capstone has elected to raise its interest in the Planalto Copper Project from 49% to 51% and become the operator, by agreeing to fund exploration work and feasibility studies, and by paying US$400,000 in cash to Lara. Capstone can raise its interest from 51% to 61% by delivering a feasibility study by December 31, 2026.Lara and Capstone have amended the...
2023-02-21 8:30 AM EST
Lara Announces Appointment of New CFO
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2022) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), is pleased to announce the appointment of Mr. Bill Tsang as Chief Financial Officer effective immediately.Mr. Tsang is a Chartered Professional Accountant with a Bachelor of Commerce from the University of British Columbia, with more than 15 years of financial accounting and auditing experience in the mineral exploration and mining industry. He has worked in public practice...
2022-12-12 4:30 PM EST
Lara Exploration - Capstone Completes Stage-1 of Planalto Agreement
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2022) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), is pleased to report that its partner Capstone Copper Corp. ("Capstone") has completed the first phase of the option agreement for the Planalto Copper Project in Brazil, investing more than US$5 million in exploration expenditures to earn a 49% interest. By committing to fund phase 2, Capstone can elect to raise its interest to 51% to become the project operator by paying Lara...
2022-10-25 7:00 AM EDT
Lara Exploration - Drilling Resumes at the Planalto Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2022) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), is pleased to report that it has received a new exploration permit from the Para State environmental authority SEMAS, to extend drilling northwards of the new Cupuzeiro discovery. Two drill rigs have been mobilised, with a plan to initially drill a further 3,000 metres north of Cupuzeiro in the coming months. An additional 1,800 metres of drilling is planned to test the gap between...
2022-10-17 8:30 AM EDT
Lara Intercepts 380.79 Metres at 0.57% Copper Equivalent at the Planalto Project
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), Lara is pleased to report the results of seven follow-up drill holes from the Cupuzeiro target, the best of which, 22-007, made a sulphide-copper intersection of 380.79 metres from near surface, averaging 0.575% Cu equivalent, including two zones of higher-grade mineralization: 78.81 metres grading 1.083% Cu from 17.8 metres, and 40.4 m at 1.308% Cu from 121.68 metres downhole....
2022-09-13 6:00 AM EDT
Lara Exploration - Hochschild Relinquishes Option to Buy the Corina Gold-Silver Project in Peru
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2022) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), has been formally notified, by partner Hochschild Mining plc., that it is relinquishing its option to purchase the Corina gold-silver discovery.Lara and Hochschild intend to complete the hand-over process by early August, with Hochschild remaining responsible for the environmental restitution from its 2020-21 drilling program. Once in possession of the drill core, Lara plans to review...
2022-07-18 4:15 PM EDT
Lara Successfully Completes $4 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2022) - Lara Exploration Ltd. (TSXV: LRA) is pleased to report that it has completed a non-brokered private placement financing raising $3,999,999.90 by the issuance of 6,153,846 units at $0.65 per unit. Each unit consisted of one common share and one half of a non-transferable common share purchase warrant. Each warrant entitles the holder to purchase an additional common share at $1.00 until June 17, 2025. If, after October 17, 2022,...
2022-06-17 6:10 PM EDT
Lara Exploration to Raise up to $4 Million by Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2022) - Lara Exploration Ltd. (TSXV: LRA) intends to undertake a private placement raising up to $4,000,000 by the issuance of 6,153,846 units at $0.65 per unit. Each unit shall consist of one common share and half of one non-transferable common share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share at $1.00 for three years. If, after four months from closing, the closing price of the...
2022-05-19 7:00 AM EDT
Lara Exploration - Favourable Ruling Received for Liberdade Copper Project Lawsuit in Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2022) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), Lara is pleased to report that it has been advised by partner Codelco do Brasil Mineração Ltda. ("Codelco"), that the court has given a positive ruling in the lawsuit defending the validity of our Liberdade exploration license with the Brazilian Mining Agency ("ANM"). The Company considers the ruling favourable, but understands that it is being appealed by the ANM.The Liberdade...
2022-05-17 7:00 AM EDT
Lara Intercepts 94.22 Metres at 1.04% Copper at the Planalto Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2022) - - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), Lara is pleased to report the results of the first five holes completed on the newly optioned Tariana license, including hole 21-002 which intercepted 341.30 metres at 0.65% copper equivalent and hole 21-005 which intercepted 339.75 metres at 0.53% copper equivalent, with both intercepts including wide zones at higher grade. These holes are located 300 metres to the north of Homestead...
2022-05-16 7:00 AM EDT
Lara to Acquire a 70% Interest in the Mantaro Phosphate Project in Peru
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2022) - Lara Exploration Ltd. (TSXV: LRA) is pleased to report that it has signed an agreement to increase its interest in the Mantaro Phosphate Project from 33.33% to 70% by investing US$500,000 by the end of 2025. Lara's priority is to inform the surrounding communities of the benefits of this non-metallic mining project to produce phosphate rock, a natural product used for organic farming, which can benefit the community financially and...
2022-05-04 8:30 AM EDT
Lara Exploration: Update on the Corina Gold-Silver Project in Peru
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2021) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), has been notified by partner Hochschild Mining plc., that members of the local community have blocked the access roads to the Corina project, forcing a suspension of the drilling program. Hochschild has invoked the force majeure clause under the terms the option agreement with Lara while it negotiates a settlement with the community.The Corina project lies within the Calcauso...
2021-11-22 4:15 PM EST
Drilling Resumes at the Planalto Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2021) - Lara Exploration Ltd. (TSXV: LRA) ("Lara"), Lara is pleased to report the restart of diamond drilling at the Company's Planalto Project. The first hole of the new program is located in the south-central part of the exploration license under option from Mineração Tariana Limitada (see Lara news release of January 11, 2021 for details), at the southern end of a strong copper-in-soil anomaly, coincident with a north-south Induced...
2021-11-08 8:30 AM EST