Lara Exploration Ltd. - Royalty Deal Completed for the Fofoca South Gold Prospect in Northern Brazil
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2020) - Lara Exploration Ltd., (TSXV: LRA) ("Lara" or the "Company") is pleased to report that it has completed an agreement to sell its Fofoca South Gold Prospect, in the Tapajos Region of northern Brazil, to London-listed Serabi Gold plc. ("Serabi"), for US$100,000 in cash and a 2% Net Smelter Return Royalty ("NSR"). Fofoca South is close to and partially adjacent to the main block of tenements held by Serabi in the Tapajos Region...
2020-08-25 8:30 AM EDT
Option and Royalty Agreement Signed for Minsur to Acquire the Lara Project
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2020) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company"), is pleased to report that it has, with partner Global Battery Metals Ltd. ("GBM"), signed an Option and Royalty Agreement ("the Agreement") for the sale of the Lara Copper Project for US$5.75 million and a 1.5% NSR royalty to Minsur S.A. ("Minsur"). Minsur is a Peruvian tin and gold miner that is in the late stages of building the US$1.6 billion capex Mina Justa open...
2020-07-28 7:00 AM EDT
Lara Reports First Production at the Celesta Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - July 27, 2020) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company"), is pleased to report that mining and processing has started at its Celesta Copper Project, located near the town of Curionópolis, in the Carajás Mineral Province, Pará State, northern Brazil, with first concentrates due to be shipped in early August. Lara owns a 2% net smelter returns royalty on the project and a 5% carried (to production) equity interest in the...
2020-07-27 7:00 AM EDT
Lara Exploration - Drilling Extends Mineralized Footprint at the Planalto Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2020) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company"), is pleased to report further drilling results for the Homestead target at its Planalto Copper Project ("the Project") in the Carajás Mineral Province of northern Brazil. Extensions of the copper-gold mineralization have been intersected to the west and northwest of the mineralized zone outlined by the drill campaign of mid-2019 (see Company news release of July 23,...
2020-04-20 7:00 AM EDT
Lara Update for the Bifox Phosphate Project in Chile
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2020) - Lara Exploration Ltd.(TSXV: LRA) ("Lara" or the "Company"), is pleased to report that Bifox Ltd. ("Bifox"; previously known as Phillips River Mining Ltd.), has advised the Company that it has now completed agreements with the Chilean Government (through the Consejo de Defensa del Estado) to settle outstanding environmental infractions and fines incurred by the vendors and lift the embargo on mining and processing at the Bifox...
2020-02-18 8:30 AM EST
Update for the Celesta Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company"), is pleased to provide a progress update on its Celesta Copper Project (previously known as the Maravaia Copper Project), located near the town of Curionópolis, in the Carajás Mineral Province, Pará State, northern Brazil. Development work in recent months has been focused on dewatering and a cutback of the Osmar pit and stripping to access the mineralized material...
2019-12-02 8:30 AM EST
Lara Appoints Steve Yuzpe to the Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company") is pleased to announce the appointment of Mr. Steve Yuzpe to the Board of Directors of the Company. Lara also announces the resignation of Mr. Adrian Calvert from the Board and wishes to thank him for all his support and good work on behalf of the Company. Miles Thompson, President and CEO of Lara, commented, "Although the board is sorry to be losing Adrian, who...
2019-11-13 8:30 AM EST
Drilling to Resume at the Planalto Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company"), is pleased to report that the National Agency of Mining ("ANM") has approved the company's Final Exploration Reports for the three licenses that comprise the Planalto Copper Project and that the Company's partner, Capstone Mining Corp. ("Capstone"), has a approved a budget to complete geophysical surveys and additional drilling in the coming weeks. The Company plans...
2019-11-04 8:30 AM EST
Lara Outlines Second Zinc Target in Central Peru
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") is pleased to report results of its mapping and surface sampling program on the Cerro Shacsha Target within the Buenos Aires Zinc Project, located approximately 25km northeast of the Company's Puituco Zinc Project (see Company news release of June 12, 2018 for details), in Central Peru. Rock chip and channel samples have returned values up to 44% zinc, with twelve...
2019-10-15 8:30 AM EDT
Lara Exploration Ltd.: Multiple Gold-Silver Intercepts from Drilling at the Corina Gold Project in Peru
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") is pleased to report that partner Compañía Minera Ares S.A.C. ("Ares"), a subsidiary of London-listed Hochschild Mining plc., has reported multiple gold and silver intercepts from diamond drilling at the Company's Corina Gold Project in southern Peru. The results received to date are summarized in the following table: Drillhole From (m)
2019-10-01 8:30 AM EDT
Lara Update for the Maravaia Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company"), is pleased to report that it has entered into an Amended Joint Venture Agreement ("the JV Agreement") with long-standing partner Tessarema Resources Inc. ("Tessarema"), and a new local partner North Extração de Minério Ltda. ("North"), to consolidate ownership of the Maravaia processing plant and surface rights access agreements (held by North), the Curionópolis...
2019-09-24 8:30 AM EDT
Lara Exchanges Ancash Properties for Shares and a 1% NSR Royalty
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company"), is pleased to report that it has signed a Definitive Agreement transferring all its rights and obligations to the Pampas 1, Pampas 2 and Tayacoto gold exploration licenses, located in the Ancash Department of northern Peru, to Estrella Gold S.A.C. ("Estrella") in exchange for 5% of the shares of Estrella and a 1% NSR royalty on future production. The three...
2019-09-23 8:30 AM EDT
Lara Exchanges Cumaru Property Interest for US$2/ton Royalty
Vancouver, British Columbia--(Newsfile Corp. - September 10, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company"), is pleased to report that it has signed a Definitive Agreement transferring all its rights and obligations for the Cumaru Manganese Project in northern Brazil, to local mining company Seven Mineração Limitada, in exchange for BRL 250,000 in cash (equivalent to approximately US$60,975) and a royalty of US$2/ton of ore taken from the property. The Cumaru Manganese...
2019-09-10 7:00 AM EDT
Lara Exchanges Tocantins Gold Property Interest for 2% NSR Royalty
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company"), is pleased to report that it has signed a Definitive Agreement transferring all its rights and obligations for the Tocantins Gold Project, to local mining company Mineração Aldeia de Vale Eireli, in exchange for a 2% Net Smelter Return Royalty on production. The Tocantins Gold Project, which is located near the town of Conceição de Tocantins in Central Brazil,...
2019-09-05 7:30 AM EDT
Follow-up Drilling Results from the Planalto Copper Project in Brazil
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company"), is pleased to report drilling results from the Homestead Target at its Planalto Copper Project ("the Project"), located in the Carajás Mineral Province of northern Brazil. Copper-gold mineralization is now recognised to underlie an area with dimensions of more than 350m north-south and 350m east-west and is open down dip to the west of the drill grid. This recently...
2019-07-23 8:30 AM EDT
Follow-Up Drilling Completed on the Planalto Copper Project
Vancouver, British Columbia--(Newsfile Corp. - June 10, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or "the Company"), is pleased to report that it has completed a further 2,998.86 metres of diamond drilling on the Planalto Copper Project ("the Project"), located in the Carajás Mineral Province of northern Brazil. The bulk of the new drilling, 2,569.02 metres comprised infill and step-out drilling on the Homestead target, which remains open to the West, the East and at depth. Lara...
2019-06-10 4:30 PM EDT
Lara Successfully Completes $2.0 Million Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 26, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") is pleased to report that it has completed a non-brokered private placement financing raising $2,000,000 by the issuance of 4,000,000 units at $0.50 per unit. Each unit consisted of one common share and one half of a non-transferable common share purchase warrant. Each full warrant entitles the holder to purchase an additional common share at $0.70 until March 26, 2021....
2019-03-26 5:29 PM EDT
Lara Agrees to Settle Insider Debts in Shares
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2019) - Lara Exploration Ltd., (TSXV: LRA) ("Lara" or the "Company") reports that it has entered into agreements with its President & CEO, and Vice-President Corporate Development to part settle outstanding management and consulting fees owed to them as of February 28, 2019, by issuing 100,000 common shares priced at $0.50 each. The shares for debt settlements are limited by the amounts allowed by and subject to approval of the TSX...
2019-03-19 10:39 AM EDT
Lara Exploration Increases Private Placement to $2,000,000
Vancouver, British Columbia--(Newsfile Corp. - March 5, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") has, due to investor demand, increased its private placement to $2,000,000 through the issuance of 4,000,000 units at $0.50 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 $0.70 for two years. If, after four months...
2019-03-05 12:23 PM EST
Lara Exploration to Raise up to $1 Million by Private Placement
Vancouver, British Columbia--(Newsfile Corp. - March 4, 2019) - Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company"), intends to undertake a private placement raising up to $1,000,000 by the issuance of 2,000,000 units at $0.50 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 $0.70 for two years. If, after four months from closing,...
2019-03-04 8:00 AM EST