Shallow drilling has provided further evidence near-surface continuity of the high-grade, northwest-southeast trending vein system at Caneleira - the primary objective of the infill program (see news release dated May 19, 2026), when the highest-grade intercepts reported to date sat more than 100 metres below surface.
At Caneleira East (previously referred to by the Company as the Olaria gold discovery), located approximately 3.1 kilometres northeast of the Butia Gold Deposit, new drilling has intersected gold mineralization up-dip and closer to surface than the discovery intercept, advancing the follow-up work identified in the Company's December 2, 2024 news release.
The highest-grade intersection reported to date at Caneleira was observed from this batch of assays include:
Hole 26CN044 intercepted 24.30 grams per tonne ("g/t") gold ("Au") over a drilled width of 9 metres ("m") from 87m, including 99.56 g/t Au over a drilled width of 0.85m from 92.73m.
Significant near-surface intersections at Caneleira include:
Hole 26CN051 intercepted 9.31 g/tAu over a drilled width of 4m from 10m, including 17.29 g/t Au over a drilled width of 2m from 11m;
Hole 26CN040 intercepted 6.94 g/t Au over a drilled width of 1m from 14m, and 4.63 g/t Au over a drilled width of 15.46m from 71m, including 21.80 g/t Au over a drilled width of 3m from 75m; and
Hole 26CN047 intercepted 6.71 g/t Au over a drilled width of 1m from 25m and 6.18 g/t Au over a drilled width of 1m from 51m.
Significant intersections at Caneleira East include:
Hole 26CNO022 intercepted 2.51 g/t Au over a drilled width of 22m from 78m, including 20.08 g/t Au over a drilled width of 1m from 85m;
Hole 26CNO024 intercepted 1.87 g/t Au over a drilled width of 18m from 49m, including 6.39 g/t Au over a drilled width of 4m from 63m, and including 12.15 g/t Au over a drilled width of 1m from 66m; and
Hole 26CNO021 intercepted 3.10 g/t Au over a drilled width of 13m from 51m, including 21.46 g/t Au over a drilled width of 1m from 61m.
The Company also discloses, for the first time on a hole-by-hole basis, results from 15 Caneleira East holes drilled during 2024 and 2025, which corroborate the near-surface continuity mentioned above - including 1.48 g/t Au over a drilled width of 10m from surface in hole 25CNO011, and 2.39 g/t Au over a drilled width of 6m from 27m in hole 25CNO015.
*Drilled width, true width not known.
Toronto, Ontario--(Newsfile Corp. - August 24, 2026) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras Gold" or the "Company") is pleased to announce final drill results from its 2026 exploration campaign on the Caneleira Mining Concession, within the Lavras do Sul Project ("LDS Project" or the "Project") in southern Brazil. The campaign, completed in June 2026, tested both the Caneleira target and the Caneleira East gold discovery located to the northeast.
This news release reports assay results for 23 diamond drill holes (or 2,595.17m ) at Caneleira (holes 26CN029 to 26CN051), and for 5 diamond drill holes (or 846.87m) at Caneleira East (holes 26CNO021 to 26CNO025) (see Table 1). Assay results for the final 6 holes (or 524.77m) of the campaign remain pending (26CN052 to 26CN057).
In addition, and in advance of resource work on the Caneleira Mining Concession, the Company is disclosing individual assay results for 15 Caneleira East holes completed during 2024 and 2025 that had not previously been reported on a hole-by-hole basis. These holes form part of the 3,985m in 16 holes drilled at Caneleira East during 2025 as disclosed in the Company's 2025 annual management's discussion ("MD&A") and analysis (filed on SEDAR+ on March 10, 2026 and reported in the MD&A as Olaria). Results are set out in Table 4 and discussed under "Caneleira East - Consolidated Disclosure of 2024-2025 Drilling" below.
The defining outcome of this campaign is the confirmation of high-grade gold mineralization at shallow depths across both targets. When the Company announced its infill drill program on May 19, 2026, the high-grade intercepts reported to date at Caneleira sat more than 100 metres below surface, and the stated objective of that program was to confirm whether this mineralization projected to surface. Hole 26CN051, which returned 9.31 g/t Au over a drilled width of 4m from 10m downhole, answered this question. At Caneleira East, the 2024 discovery release identified testing for continuity of mineralization up-dip and closer to surface as a priority next step (see news release dated December 2, 2024); holes 26CNO021, 26CNO022 and 26CNO024 have now intersected significant mineralization between approximately 49m and 100m downhole, well above the 152m depth of the 56m discovery intercept in hole 24CNO-002.
"The significance of the latest drilling is that we are now seeing high-grade mineralization at much shallower depths at Caneleira, together with additional up-dip mineralization at Caneleira East," commented Jonathan Hill, Interim Vice President of Exploration, Lavras Gold. "These results improve our geological understanding of both targets and support advancing them toward resource-definition work. Their proximity to Fazenda-Butia also makes them relevant to future project-level studies, subject to establishing mineral resources and completing the appropriate technical and economic evaluation.
"Today's results are another strong step forward for Lavras. They sharpen the district-scale case that sits alongside our flagship Fazenda-Butia development, which is the first phase of the LDS project. Advancing Fazenda-Butia through permitting remains our core focus," added Federico Velásquez, President and Chief Executive Officer of Lavras Gold. "What has changed with these results is that we now have further evidence of high-grade gold close to surface across the Caneleira Mining Concession. The Caneleira and Caneleira East targets give us a credible second and third source of gold inventory to feed our future plant; and we intend to move both targets toward resource definition in one global resource model."
Table 1. Best intersections from 2026 drilling; includes 23 diamond drill holes at Caneleira and 5 diamond drill holes at Caneleira East performed by Lavras Gold
| Drill Hole | From (m) | To (m) | Interval (m) | Grade (g/t Au) | |
| 26CN051 | 10.00 | 14.00 | 4.00 | 9.310 | |
| Including | 11.00 | 13.00 | 2.00 | 17.290 | |
| 26CN040 | 14.00 | 15.00 | 1.00 | 6.940 | |
| 71.00 | 86.46 | 15.46 | 4.632 | ||
| Including | 75.00 | 78.00 | 3.00 | 21.800 | |
| 26CN047 | 25.00 | 26.00 | 1.00 | 6.710 | |
| 51.00 | 52.00 | 1.00 | 6.180 | ||
| 26CN037 | 36.00 | 37.00 | 1.00 | 8.150 | |
| 26CN044 | 87.00 | 96.00 | 9.00 | 24.300 | |
| Including | 92.73 | 93.58 | 0.85 | 99.560 | |
| 26CNO021 | 51.00 | 64.00 | 13.00 | 3.100 | |
| Including | 61.00 | 62.00 | 1.00 | 21.460 | |
| 26CNO022 | 78.00 | 100.00 | 22.00 | 2.510 | |
| Including | 85.00 | 86.00 | 1.00 | 20.080 | |
| 26CNO024 | 49.00 | 67.00 | 18.00 | 1.870 | |
| Including | 63.00 | 67.00 | 4.00 | 6.390 | |
| Including | 66.00 | 67.00 | 1.00 | 12.150 |
Intervals represent drilled width; true widths have not been determined at this time. Assumes 0.25 g/t gold cut-off grade, no top cut. In hole 26CN044 the two contiguous assayed sub-intervals 92.73-93.10m (151.50 g/t Au) and 93.10-93.58m (59.53 g/t Au) are reported here as a single weighted composite of 99.56 g/t Au over 0.85m; both are tabulated individually in Table 2.
Figure 1 - Target location map showing Fazenda-Butia, Caneleira, Caneleira West Matilde and Cerrito within the Lavras do Sul Project, with gold-in-soil anomalism highlighted.
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Figure 2 - Location map showing the main Lavras Gold Project deposits, exploration targets and the proposed Industrial Plant Area.
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Caneleira Target
Gold mineralization at Caneleira is hosted in NNE-oriented cataclastic zones with strong hydrothermal alteration, quartz veining and sulfide mineralization, locally associated with visible gold, and by the northwest-southeast trending, higher-grade vein system first reported in May 2026, associated with magnesium-rich sphalerite and coarse visible gold within the hanging wall of lamprophyre dykes. Mineralization remains open both along strike and at depth.
The near-surface results are the most significant outcome of recent drilling. Hole 26CN051 returned 9.31 g/t Au over a drilled width of 4m from 10m, including 17.29 g/t Au over 2m from 11m. This is supported by high-grade intercepts at shallow depths in several other holes, including 6.94 g/t Au over 1m from 14m in hole 26CN040, 6.71 g/t Au over 1m from 25m and 6.18 g/t Au over 1m from 51m in hole 26CN047, 8.15 g/t Au over 1m from 36m in hole 26CN037, and 3.18 g/t Au over 1m from 2m in hole 26CN030. Taken together, these intercepts provide evidence that the high-grade vein system extends to substantially shallower depths than previously demonstrated and support the Company's interpretation of continuity between the shallow and deeper portions of the system. The extent and true width of the mineralized structures remain subject to further drilling and geological interpretation.
This release also closes out hole 26CN032, illustrated in Figure 5 of the May 19, 2026 release as a shallow sulphide-mineralized intercept with assays pending. The hole has returned 0.74 g/t Au over 4m from 7m, 1.23 g/t Au over 2m from 40m, 3.02 g/t Au over 1m from 59m and 1.42 g/t Au over 1m from 70m, confirming that the shallow zones logged at the time do represent near-surface expressions of the deeper high-grade structures.
At depth, hole 26CN044 returned the highest-grade interval reported to date at Caneleira, with 24.30 g/t Au over a drilled width of 9m from 87m, including 99.56 g/t Au over a drilled width of 0.85m from 92.73m. Hole 26CN040 returned a broader intercept of 4.63 g/t Au over a drilled width of 15.46m from 71m, including 21.80 g/t Au over 3m, reinforcing the lateral and vertical continuity of the mineralized corridor.
Of the 23 Caneleira holes reported in this release, 22 returned intersections above the Company's 0.25 g/t Au disclosure threshold and one hole (26CN036) did not return a significant result. Assay results remain pending for the final 6 holes of the campaign (26CN052 to 26CN057).
Figure 3 - Plan view of the Caneleira target showing new and previously reported drill hole traces, the mineralized envelope and the NW-SE vein trend over TMI magnetics.
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Figure 4.1 - Section showing the near-surface high-grade intercepts (26CN051, 26CN040, 26CN047) projected against the deeper intercepts in 25CN016, 26CN019 and 26CN044.
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Figure 4.2 - Section showing the near-surface high-grade intercepts (26CN041, 26CN047, 26CN048) projected against the deeper intercepts in 26CN026.
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Figure 5 - Section showing the near-surface high-grade intercepts (26CN051, 26CN040, 26CN047) projected against the deeper intercepts in 25CN016, 26CN019 and 26CN044.
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Figure 6 - Drill core from holes 26CN044 and 26CN040, showing the high grade mineralization styles.
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Figure 7 - Drill core from hole 26CN051, interval ~11-13 m, showing the style of near-surface mineralization.
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Core logging supported by a hydrothermal alteration study completed in August 2026 has defined a consistent alteration zoning at Caneleira that is being used as a vector towards the higher-grade zones. Three alteration types are recognized in the host monzogranite, each developed in both fissural and pervasive styles and increasing in intensity towards mineralization: a distal zone of K-feldspar (hematite-stained microcline) enriched, desilicified monzogranite; an intermediate zone in which that assemblage has been overprinted by silicification; and a proximal zone where chlorite, with subordinate white mica, is superimposed on the silicified rock. The proximal zone carries the highest gold grades. The sequence is interpreted to record potassium metasomatism accompanied by quartz leaching, which generated dilational space for the deposition of gold-bearing pyrite, followed by re-precipitation of silica as the mineralizing fluid evolved; early desilicification followed by silicification also accounts for the breccia-style textures locally developed in the most intensely altered zones. The same zoning is developed at Fazenda-Butia and Matilde, with two distinctions at Caneleira: chlorite dominates over white mica in the proximal zone, and the sodium-enriched alteration stage recognized at Fazenda-Butia has not been observed.
Figure 8 - Hydrothermal alteration sequence at Caneleira, from fresh monzogranite (left) through K-feldspar enriched monzogranite (Type 1, distal), K-feldspar enriched silicified monzogranite (Type 2, intermediate) and chlorite ± white mica silicified monzogranite (Type 3, proximal), each shown in fissural and pervasive styles. Alteration intensity increases to the right, towards the highest gold grades.
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Caneleira East Target
Caneleira East was announced under the name Olaria as a new discovery on December 2, 2024, when hole 24CNO-002 returned 56m of continuous gold mineralization grading 0.97 g/t Au from 152m downhole - approximately 134m vertical - including 4.53 g/t Au over 4m and 9.16 g/t Au over 1m. The target is located approximately 3.1 kilometres northeast of the Butia Gold Deposit, within the Caneleira Mining Concession, and is interpreted as a structurally controlled cataclastic gold system associated with northeast-southwest trending structures.
Caneleira East - 2026 Drilling
The five holes completed at Caneleira East in 2026 delivered on the December 2024 objective of testing for continuity of gold mineralization up-dip, closer to surface (see news release dated December 2, 2024) as seen by:
Hole 26CNO022 returned 2.51 g/t Au over a drilled width of 22m from 78m, including 20.08 g/t Au over 1m from 85m;
Hole 26CNO024, the northeastern-most hole of the group, returned 1.87 g/t Au over a drilled width of 18m from 49m, including 6.39 g/t Au over 4m from 63m and 12.15 g/t Au over 1m from 66m
Hole 26CNO021 returned 3.10 g/t Au over a drilled width of 13m from 51m, including 21.46 g/t Au over 1m from 61m; and
Holes 26CNO023 and 26CNO025 returned broader, lower-grade intervals of 0.40 g/t Au over 9m and 0.51 g/t Au over 8.39m respectively.
All five of the 2026 holes intersected gold mineralization. The mineralized intervals in holes 26CNO021, 26CNO022 and 26CNO024 sit between approximately 49m and 100m downhole, substantially shallower than the 152m to 208m discovery interval in hole 24CNO-002, and at grades comparable to or above that intercept. Together with the 2026 results, drilling has now intersected gold mineralization at Caneleira East at depths ranging from surface to approximately 400 metres downhole. These results support the Company's interpretation of a vertically extensive mineralized system, which remains open and subject to further drilling and geological interpretation.
Caneleira East - Consolidated Disclosure of 2024-2025 Drilling
In parallel with reporting the 2026 results above, and in advance of resource work on the Caneleira Mining Concession, the Company is disclosing individual assay results for the Caneleira East holes completed during 2024 and 2025 that had not previously been reported on a hole-by-hole basis. As disclosed in the Company's 2025 annual MD&A, drilling on the Caneleira Mining Concession during 2025 totaled 7,113m in 27 holes, of which Caneleira East accounted for 3,985m in 16 holes - the largest single allocation of drilling on the concession that year. Results for 15 such holes are tabulated in Table 4.
These holes were drilled as step-outs along strike to the northeast and southwest of the discovery and as up-dip tests, and are generally characterized by broad, moderate-grade cataclastic mineralization with discrete higher-grade intervals. The results are consistent with, and support, the 2026 drilling reported above. Notable intercepts include:
Hole 25CNO011 intercepted 1.48 g/t Au over a drilled width of 10m from surface, and 0.33 g/t Au over a drilled width of 14m from 27m;
Hole 25CNO015 intercepted 2.39 g/t Au over a drilled width of 6m from 27m, including 4.32 g/t Au over a drilled width of 2m from 30m;
Hole 25CNO020 intercepted 11.00 g/t Au over a drilled width of 1m from 26m;
Hole 25CNO008 intercepted 2.60 g/t Au over a drilled width of 3m from 58m; and
Hole 25CNO014 intercepted 0.79 g/t Au over a drilled width of 18m from 380m, including 11.00 g/t Au over a drilled width of 1m from 389m, extending the system to depth.
The shallow intercepts in holes 25CNO011, 25CNO015 and 25CNO020 - all within 33m of surface - corroborate the up-dip continuity demonstrated by the 2026 drilling, while hole 25CNO014 confirms the system persists to at least 390m downhole. Together with the 2026 results, drilling now defines gold mineralization at Caneleira East from surface to approximately 400m depth.
Figure 9 - Plan view of Caneleira East showing all drill collars: the 2024 discovery holes (24CNO-001, 24CNO-002, 24CNO-007, LDH-105), the 2024-2025 holes now disclosed, and the 2026 holes 26CNO021 to 26CNO025.
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Figure 10 - Section through Caneleira East showing up-dip continuity from the 24CNO-002 discovery intercept to the near-surface intercepts in 25CNO011, 25CNO015 and 26CNO021/022/024.
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Figure 11 - Drill core from hole 26CNO022, interval ~85-86 m.
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Caneleira and Caneleira East Geology
The Lavras do Sul Intrusive Complex comprises multiple intrusive bodies with varied compositions, mainly biotite-granodiorites and biotite-monzogranites, plus perthitic granites, syenites and ultramafic rocks including lamprophyre bodies. The complex has experienced multiple hydrothermal alteration cycles along NNE-trending structures, locally overprinted by the northwest-southeast trending, higher-grade vein system associated with magnesium-rich sphalerite and visible gold identified at Caneleira.
Pyrite remains the dominant sulfide across both targets, with galena, sphalerite and chalcopyrite also present. Caneleira East is characterized by structurally controlled cataclastic mineralization associated with northeast-southwest trending structures, a style distinct from the northwest-southeast vein system at Caneleira. Both sit within the same Caneleira Mining Concession and within the largest and most coherent gold-in-soil anomaly on the Company's approximately 20,300-hectare property, supporting the interpretation of a district-scale hydrothermal system capable of hosting multiple discrete high-grade zones across more than one structural orientation.
Ongoing and Planned Work
The 2026 drill campaign on the Caneleira Mining Concession was completed in June 2026. The infill program announced on May 19, 2026 met its stated objective of confirming near-surface continuity of high-grade mineralization at Caneleira, and drilling at Caneleira East has confirmed mineralization up-dip of the 2024 discovery intercept.
The Company plans to use the results of the current drilling, together with the existing geological database, to support an initial Mineral Resource Estimate for Caneleira. The Company also plans to update the Mineral Resource Estimates for Fazenda-Butia and Cerrito and prepare an initial Mineral Resource Estimate for Matilde as part of a consolidated review of the LDS Project's mineral resource inventory. Assay results for the final 6 pending Caneleira holes (26CN052 to 26CN057), representing the last results of the current drill campaign, will be released as received from the laboratory and incorporated into this work as appropriate.
Qualified Person
Jonathan Hill, Director and Interim Vice President of Exploration for Lavras Gold Corp., is the "Qualified Person" as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information contained in this release.
QA/QC
Quality Assurance & Quality Control: Sample handling, preparation, and analysis are monitored through the implementation of formal chain-of-custody procedures and quality assurance/quality control programs designed to follow industry best practices.
All drill hole samples in this drilling program consist of split NQ diamond drill core. Drill core is logged and sampled in a secure facility located in Lavras do Sul, Rio Grande do Sul State, Brazil. Drill core samples for gold assay are cut in half using a diamond saw and submitted to ALS Laboratories Inc. in Goiania, Goiás State, Brazil for preparation by crushing to 85% passing 1.0 mm, riffle splitting to obtain 500g aliquots, and pulverizing to 85% passing 75 microns.
Pulps are shipped to ALS Laboratories Inc. in Lima, Peru and analyzed by a 50g fire assay and AAS finish. Three 50g aliquots are taken for samples in the mineralized zone and one aliquot is taken in fresh rocks. The average grade of the three aliquots is used to determine the final grade of the mineralized sample.
Certified standards, non-certified blanks and field duplicates are inserted into the sample stream at regular intervals, so that QA/QC accounted for about 10% of the total samples. Results are routinely evaluated for accuracy, precision, and contamination.
Lavras Gold has been targeting larger intersections of greater than 0.25 g/t gold. Intersections that are lower than this threshold may provide exploration insight and may therefore be disclosed. The Company maintains a robust QA/QC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material).
About the LDS Project
The LDS Project is centred on the town of Lavras do Sul in Rio Grande do Sul, Brazil. It is approximately 320 kilometres, or a 4.5-hour drive, from the state capital of Porto Alegre. The Company, through its subsidiary, holds, directly or indirectly, contractual interests over 31 mineral rights covering approximately 20,300 hectares.
The LDS intrusive complex is a multiphase intrusive centre surrounded by coeval volcanic rocks to the east. Geologically, LDS lies in the far south of the Neoproterozoic Mantiqueira Province, a 2,700-kilometre-long belt of tectonically and magmatically accreted terrains stretching as far south as the coastline of central Uruguay and north into southern Bahia State in Brazil. The most advanced targets are the Butia and Cerrito gold deposits. Butia hosts Measured mineral resources of 4.6 million tonnes grading 0.88 g/t gold containing 132,000 ounces of gold and Indicated mineral resources of 8.3 million tonnes grading 0.92 g/t gold containing 246,000 ounces of gold (total Measured and Indicated mineral resources of 12.9 million tonnes grading 0.91 g/t gold containing 377,000 ounces of gold), and Inferred mineral resources of 3.7 million tonnes grading 0.97 g/t gold containing 115,000 ounces of gold. Cerrito hosts Indicated mineral resources of 8.3 million tonnes grading 0.70 g/t gold containing 188,000 ounces of gold and Inferred mineral resources of 13.2 million tonnes grading 0.69 g/t gold containing 293,000 ounces of gold. Mineral resources are reported at a gold cut-off grade of 0.30 g/t. Numbers may not sum due to rounding. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The Caneleira Mining Concession is 100% controlled by the Company and forms part of the LDS Project.
1. NI 43-101 Technical Report Mineral Resource for the Butia Gold Prospect, Rio Grande do Sul, Brasil. Prepared by VMG Consultoria e Soluções Ltda., effective date January 25, 2022, amended report date November 15, 2024.
2. NI 43-101 Technical Report Mineral Resource for the Cerrito Gold Prospect, Rio Grande do Sul, Brasil. Prepared by VMG Consultoria e Soluções Ltda., effective date May 31, 2022, amended report date November 15, 2024. These reports are available on the Company's website and at www.sedarplus.ca under Lavras Gold's issuer profile.
About Lavras Gold Corp.
Lavras Gold Corp. is a Canadian exploration company focused on realizing the potential of its LDS Project situated in a highly prospective gold district in southern Brazil. The LDS Project is located near the town of Lavras do Sul in Rio Grande do Sul State, Brazil, and is primarily an intrusive-hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the LDS Project properties, which span approximately 20,300 hectares. For more information on Lavras Gold visit www.lavrasgold.com.
On Behalf of Lavras Gold Corp.
"Federico Velásquez"
President & Chief Executive Officer
Federico Velásquez, President & Chief Executive Officer
Phone: +1-289-624-1375
Email: investor@lavrasgold.com
Website: www.lavrasgold.com
Disclaimer: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements"). Forward-looking information in this news release includes, but is not limited to, statements regarding the timing and receipt of pending assay results; the Company's plans to complete further drilling, geological interpretation and resource-definition work at Caneleira and Caneleira East; the preparation and timing of an initial Mineral Resource Estimate for Caneleira, updated Mineral Resource Estimates for Fazenda-Butia and Cerrito and an initial Mineral Resource Estimate for Matilde; the incorporation of pending results into that work; the advancement and permitting of Fazenda-Butia; and the potential future evaluation of Caneleira and Caneleira East in project-level technical studies. Forward-looking information is based on management's current expectations and assumptions, including assumptions regarding exploration results, geological continuity, availability of personnel and equipment, laboratory turnaround times, regulatory approvals, financing, commodity prices and the Company's ability to execute its exploration and development plans. Actual results may differ materially as a result of exploration risk, the possibility that further drilling does not confirm current geological interpretations, changes in project parameters, results of future mineral resource estimates and technical studies, availability and cost of capital, changes in commodity prices, delays in laboratory results or regulatory approvals, title risks, environmental risks and other risks described in the Company's continuous disclosure filings. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities laws, the Company undertakes no obligation to update such information.
Table 2. Results for 23 diamond drill intersections at Caneleira performed by Lavras Gold since its last disclosure of May 19, 2026 (holes 26CN029 - 26CN051; holes 26CN052 - 26CN057 pending assay)
| Drill Hole | From (m) | To (m) | Interval (m) | Grade (g/t Au) | |
| 26CN029 | 27.00 | 32.00 | 5.00 | 0.325 | |
| 61.00 | 63.00 | 2.00 | 2.730 | ||
| 112.00 | 129.00 | 17.00 | 0.460 | ||
| 206.00 | 211.00 | 5.00 | 1.350 | ||
| 26CN030 | 0.00 | 4.00 | 4.00 | 1.020 | |
| Including | 2.00 | 3.00 | 1.00 | 3.180 | |
| 103.00 | 112.00 | 9.00 | 0.200 | ||
| 164.00 | 166.00 | 2.00 | 4.310 | ||
| Including | 164.00 | 165.00 | 1.00 | 7.710 | |
| 199.00 | 201.00 | 2.00 | 0.450 | ||
| 214.00 | 215.85 | 1.85 | 0.400 | ||
| 26CN031 | 97.00 | 99.00 | 2.00 | 0.200 | |
| 107.00 | 108.00 | 1.00 | 2.210 | ||
| 151.00 | 154.00 | 3.00 | 0.300 | ||
| 26CN032 | 7.00 | 11.00 | 4.00 | 0.740 | |
| 40.00 | 42.00 | 2.00 | 1.230 | ||
| 59.00 | 60.00 | 1.00 | 3.020 | ||
| 70.00 | 71.00 | 1.00 | 1.420 | ||
| 26CN033 | 12.00 | 13.00 | 1.00 | 1.060 | |
| 26.00 | 28.00 | 2.00 | 0.720 | ||
| 26CN034 | 1.00 | 2.00 | 1.00 | 0.210 | |
| 26CN035 | 13.00 | 14.00 | 1.00 | 0.280 | |
| 26CN036 | - | - | - | No significant results | |
| 26CN037 | 36.00 | 37.00 | 1.00 | 8.150 | |
| 48.00 | 62.00 | 14.00 | 0.570 | ||
| 26CN038 | 7.00 | 8.00 | 1.00 | 0.525 | |
| 38.00 | 38.50 | 0.50 | 2.630 | ||
| 64.00 | 66.00 | 2.00 | 0.870 | ||
| 26CN039 | 0.00 | 7.00 | 7.00 | 0.380 | |
| 45.81 | 49.00 | 3.19 | 0.308 | ||
| 72.77 | 74.00 | 1.23 | 6.190 | ||
| 26CN040 | 14.00 | 15.00 | 1.00 | 6.940 | |
| 71.00 | 86.46 | 15.46 | 4.632 | ||
| Including | 75.00 | 78.00 | 3.00 | 21.800 | |
| Including | 75.49 | 76.00 | 0.51 | 48.530 | |
| 26CN041 | 46.00 | 47.00 | 1.00 | 1.570 | |
| 52.00 | 55.33 | 3.33 | 0.810 | ||
| 74.25 | 78.15 | 3.90 | 2.690 | ||
| Including | 76.00 | 76.40 | 0.40 | 7.930 | |
| 26CN042 | 11.00 | 12.00 | 1.00 | 1.980 | |
| 19.00 | 22.00 | 3.00 | 0.880 | ||
| 26.00 | 32.00 | 6.00 | 0.255 | ||
| 41.00 | 42.00 | 1.00 | 7.430 | ||
| 91.00 | 94.00 | 3.00 | 0.555 | ||
| 115.84 | 118.00 | 2.16 | 0.628 | ||
| 122.00 | 125.40 | 3.40 | 0.546 | ||
| 26CN043 | 31.00 | 33.00 | 2.00 | 0.389 | |
| 38.00 | 39.00 | 1.00 | 0.549 | ||
| 26CN044 | 87.00 | 96.00 | 9.00 | 24.300 | |
| Including | 92.73 | 93.10 | 0.37 | 151.500 | |
| Including | 93.10 | 93.58 | 0.48 | 59.530 | |
| 118.00 | 122.00 | 4.00 | 0.393 | ||
| 26CN045 | 12.00 | 13.72 | 1.72 | 0.579 | |
| 18.00 | 19.00 | 1.00 | 0.394 | ||
| 50.00 | 52.00 | 2.00 | 0.298 | ||
| 26CN046 | 53.00 | 54.00 | 1.00 | 0.285 | |
| 26CN047 | 0.00 | 4.00 | 4.00 | 0.287 | |
| 25.00 | 26.00 | 1.00 | 6.710 | ||
| 51.00 | 52.00 | 1.00 | 6.180 | ||
| 26CN048 | 1.00 | 3.00 | 2.00 | 0.224 | |
| 18.00 | 23.20 | 5.20 | 1.385 | ||
| 26CN049 | 43.00 | 44.00 | 1.00 | 0.721 | |
| 57.00 | 61.00 | 4.00 | 2.470 | ||
| Including | 57.00 | 58.00 | 1.00 | 6.000 | |
| 70.30 | 70.65 | 0.35 | 1.145 | ||
| 26CN050 | 48.25 | 48.86 | 0.61 | 1.975 | |
| 26CN051 | 10.00 | 14.00 | 4.00 | 9.310 | |
| Including | 11.00 | 13.00 | 2.00 | 17.290 | |
| 27.00 | 29.00 | 2.00 | 1.050 | ||
| 62.21 | 64.00 | 1.79 | 0.767 | ||
| 26CN052 | - | - | - | Assays pending | |
| 26CN053 | - | - | - | Assays pending | |
| 26CN054 | - | - | - | Assays pending | |
| 26CN055 | - | - | - | Assays pending | |
| 26CN056 | - | - | - | Assays pending | |
| 26CN057 | - | - | - | Assays pending |
Intervals represent drilled width; true widths have not been determined at this time. Assumes 0.25 g/t gold cut-off grade, no top cut.
Table 3. Results for 5 diamond drill intersections at Caneleira East performed by Lavras Gold in 2026 (holes 26CNO021 - 26CNO025)
| Drill Hole | From (m) | To (m) | Interval (m) | Grade (g/t Au) | |
| 26CNO021 | 51.00 | 64.00 | 13.00 | 3.100 | |
| Including | 61.00 | 62.00 | 1.00 | 21.460 | |
| 72.00 | 74.00 | 2.00 | 0.330 | ||
| 26CNO022 | 19.00 | 20.00 | 1.00 | 1.380 | |
| 33.00 | 34.00 | 1.00 | 1.630 | ||
| 69.00 | 72.00 | 3.00 | 0.424 | ||
| 78.00 | 100.00 | 22.00 | 2.510 | ||
| Including | 79.00 | 80.00 | 1.00 | 6.210 | |
| Including | 85.00 | 86.00 | 1.00 | 20.080 | |
| 107.00 | 108.00 | 1.00 | 1.810 | ||
| 175.00 | 186.00 | 11.00 | 3.980 | ||
| Including | 180.00 | 183.00 | 3.00 | 7.830 | |
| Including | 180.00 | 181.00 | 1.00 | 15.600 | |
| 26CNO023 | 165.00 | 174.00 | 9.00 | 0.404 | |
| 26CNO024 | 49.00 | 67.00 | 18.00 | 1.870 | |
| Including | 63.00 | 67.00 | 4.00 | 6.390 | |
| Including | 66.00 | 67.00 | 1.00 | 12.150 | |
| 102.00 | 105.00 | 3.00 | 1.030 | ||
| 26CNO025 | 82.00 | 91.00 | 9.00 | 0.400 | |
| 106.00 | 114.39 | 8.39 | 0.510 |
Intervals represent drilled width; true widths have not been determined at this time. Assumes 0.25 g/t gold cut-off grade, no top cut.
Table 4. Results for Caneleira East diamond drill holes completed in 2024 and 2025 not previously reported on a hole-by-hole basis
| Drill Hole | From (m) | To (m) | Interval (m) | Grade (g/t Au) | |
| 25CNO011 | 0.00 | 10.00 | 10.00 | 1.478 | |
| 27.00 | 41.00 | 14.00 | 0.326 | ||
| 25CNO015 | 27.00 | 33.00 | 6.00 | 2.393 | |
| Including | 30.00 | 32.00 | 2.00 | 4.315 | |
| 25CNO020 | 26.00 | 27.00 | 1.00 | 11.000 | |
| 25CNO008 | 58.00 | 61.00 | 3.00 | 2.597 | |
| 25CNO017 | 84.00 | 86.00 | 2.00 | 1.555 | |
| 110.00 | 122.00 | 12.00 | 0.752 | ||
| Including | 114.00 | 116.00 | 2.00 | 2.230 | |
| 173.00 | 174.00 | 1.00 | 1.740 | ||
| 25CNO013 | 57.00 | 63.00 | 6.00 | 0.872 | |
| 70.00 | 75.00 | 5.00 | 0.299 | ||
| 117.00 | 123.00 | 6.00 | 0.255 | ||
| 132.00 | 140.00 | 8.00 | 0.293 | ||
| 144.00 | 149.00 | 5.00 | 0.453 | ||
| 170.00 | 178.00 | 8.00 | 0.432 | ||
| 204.00 | 208.00 | 4.00 | 0.972 | ||
| 259.00 | 266.00 | 7.00 | 0.881 | ||
| Including | 265.00 | 266.00 | 1.00 | 3.140 | |
| 288.00 | 289.00 | 1.00 | 0.836 | ||
| 309.00 | 310.00 | 1.00 | 1.730 | ||
| 25CNO014 | 107.00 | 117.00 | 10.00 | 0.627 | |
| 171.00 | 183.00 | 12.00 | 0.391 | ||
| 201.00 | 204.00 | 3.00 | 0.298 | ||
| 235.00 | 239.00 | 4.00 | 0.425 | ||
| 290.00 | 291.00 | 1.00 | 2.810 | ||
| 380.00 | 398.00 | 18.00 | 0.792 | ||
| Including | 389.00 | 390.00 | 1.00 | 11.000 | |
| 25CNO005 | 137.00 | 160.00 | 23.00 | 0.378 | |
| 172.00 | 175.00 | 3.00 | 0.534 | ||
| 25CNO006 | 46.00 | 57.00 | 11.00 | 0.640 | |
| 139.00 | 166.00 | 27.00 | 0.316 | ||
| 25CNO007 | 12.00 | 16.00 | 4.00 | 0.528 | |
| 33.00 | 44.00 | 11.00 | 0.203 | ||
| 276.00 | 294.00 | 18.00 | 0.218 | ||
| 25CNO012 | 187.00 | 191.00 | 4.00 | 0.520 | |
| 203.00 | 207.00 | 4.00 | 0.307 | ||
| 25CNO016 | 59.00 | 61.00 | 2.00 | 0.611 | |
| 69.00 | 79.00 | 10.00 | 0.284 | ||
| 25CNO019 | 0.00 | 1.00 | 1.00 | 0.433 | |
| 37.00 | 44.00 | 7.00 | 0.279 | ||
| 73.00 | 75.00 | 2.00 | 0.959 | ||
| 159.00 | 164.00 | 5.00 | 0.456 | ||
| 195.00 | 201.00 | 6.00 | 0.187 | ||
| 24CNO003 | 182.00 | 189.00 | 7.00 | 0.281 | |
| 249.00 | 253.00 | 4.00 | 0.212 | ||
| 24CNO004 | 38.00 | 40.00 | 2.00 | 0.220 | |
| 218.00 | 222.00 | 4.00 | 0.182 |
Intervals represent drilled width; true widths have not been determined at this time. Assumes 0.25 g/t gold cut-off grade, no top cut; intervals below this threshold are disclosed where they provide exploration insight. Holes are listed in order of significance, not sequentially.
Table 5. Diamond drill hole location data - Caneleira (holes 26CN029 - 26CN057)
| Drill Hole | Easting | Northing | Elevation (m) | Azimuth (°) | Dip (°) | Start Depth (m) | Final Depth (m) |
| 26CN029 | 218853 | 6588165 | 340 | 290 | -60 | 0 | 295.24 |
| 26CN030 | 219021 | 6588497 | 351 | 110 | -60 | 0 | 215.85 |
| 26CN031 | 218956 | 6588478 | 342 | 110 | -60 | 0 | 273.90 |
| 26CN032 | 219122 | 6588512 | 343 | 200 | -60 | 0 | 87.45 |
| 26CN033 | 219258 | 6588508 | 347 | 020 | -60 | 0 | 77.40 |
| 26CN034 | 219155 | 6588542 | 343 | 020 | -60 | 0 | 69.93 |
| 26CN035 | 219166 | 6588447 | 367 | 020 | -60 | 0 | 106.80 |
| 26CN036 | 219114 | 6588573 | 321 | 020 | -60 | 0 | 72.11 |
| 26CN037 | 219143 | 6588404 | 346 | 020 | -60 | 0 | 151.50 |
| 26CN038 | 219275 | 6588486 | 324 | 200 | -60 | 0 | 72.53 |
| 26CN039 | 219150 | 6588541 | 346 | 200 | -60 | 0 | 78.14 |
| 26CN040 | 219082 | 6588404 | 341 | 020 | -60 | 0 | 102.34 |
| 26CN041 | 219115 | 6588568 | 347 | 200 | -60 | 0 | 89.05 |
| 26CN042 | 219318 | 6588479 | 382 | 200 | -60 | 0 | 132.64 |
| 26CN043 | 219212 | 6588448 | 354 | 020 | -60 | 0 | 68.98 |
| 26CN044 | 218953 | 6588478 | 324 | 020 | -60 | 0 | 125.20 |
| 26CN045 | 219261 | 6588432 | 352 | 020 | -60 | 0 | 76.85 |
| 26CN046 | 218909 | 6588489 | 328 | 020 | -60 | 0 | 67.39 |
| 26CN047 | 219360 | 6588466 | 357 | 200 | -60 | 0 | 64.07 |
| 26CN048 | 219404 | 6588445 | 365 | 200 | -60 | 0 | 119.31 |
| 26CN049 | 219000 | 6588460 | 341 | 020 | -60 | 0 | 93.54 |
| 26CN050 | 219440 | 6588430 | 364 | 200 | -60 | 0 | 78.80 |
| 26CN051 | 218999 | 6588457 | 347 | 200 | -60 | 0 | 76.15 |
| 26CN052 | 219199 | 6588386 | 351 | 020 | -60 | 0 | 72.94 |
| 26CN053 | 218921 | 6588533 | 338 | 020 | -60 | 0 | 129.00 |
| 26CN054 | 219241 | 6588346 | 352 | 020 | -60 | 0 | 86.96 |
| 26CN055 | 218919 | 6588531 | 332 | 200 | -60 | 0 | 91.62 |
| 26CN056 | 219280 | 6588304 | 332 | 020 | -60 | 0 | 71.14 |
| 26CN057 | 219344 | 6588303 | 342 | 020 | -60 | 0 | 73.11 |
Coordinates as supplied by site and rounded to the nearest metre.
Table 6. Diamond drill hole location data - Caneleira East
| Drill Hole | Easting | Northing | Elevation (m) | Azimuth (°) | Dip (°) | Start Depth (m) | Final Depth (m) |
| 24CNO003 | 220124 | 6588107 | 294 | 290 | -60 | 0 | 227.28 |
| 24CNO004 | 220115 | 6588122 | 337 | 110 | -60 | 0 | 264.95 |
| 25CNO005 | 220445 | 6588751 | 309 | 110 | -55 | 0 | 211.08 |
| 25CNO006 | 220583 | 6588515 | 318 | 290 | -60 | 0 | 267.48 |
| 25CNO007 | 220325 | 6588547 | 336 | 290 | -60 | 0 | 405.85 |
| 25CNO008 | 220812 | 6588938 | 328 | 290 | -60 | 0 | 195.63 |
| 25CNO011 | 220680 | 6588821 | 327 | 110 | -60 | 0 | 136.09 |
| 25CNO012 | 220702 | 6589020 | 340 | 110 | -60 | 0 | 237.95 |
| 25CNO013 | 220587 | 6588693 | 313 | 290 | -70 | 0 | 346.18 |
| 25CNO014 | 220445 | 6588534 | 320 | 290 | -60 | 0 | 474.79 |
| 25CNO015 | 220314 | 6588550 | 321 | 110 | -60 | 0 | 174.42 |
| 25CNO016 | 220518 | 6588622 | 301 | 110 | -60 | 0 | 220.17 |
| 25CNO017 | 220514 | 6588617 | 314 | 290 | -60 | 0 | 22.00 |
| 25CNO019 | 220616 | 6588067 | 298 | 270 | -60 | 0 | 240.92 |
| 25CNO020 | 220713 | 6588344 | 309 | 200 | -60 | 0 | 177.59 |
| 26CNO021 | 220662 | 6588709 | 315 | 290 | -60 | 0 | 150.88 |
| 26CNO022 | 220601 | 6588729 | 357 | 110 | -60 | 0 | 229.17 |
| 26CNO023 | 220694 | 6588747 | 293 | 290 | -60 | 0 | 222.89 |
| 26CNO024 | 220729 | 6588790 | 317 | 290 | -60 | 0 | 129.54 |
| 26CNO025 | 220603 | 6588635 | 304 | 290 | -60 | 0 | 114.39 |
Coordinates as supplied by site and rounded to the nearest metre. Final depths, and collar data for holes 26CNO022 to 26CNO025, to be supplied and verified against the final compiled survey dataset before publication. Coordinates for holes 24CNO-001, 24CNO-002 and 24CNO-007 were disclosed in the December 2, 2024 release and are not repeated here.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310974
Source: Lavras Gold Corp.