Lara Exploration Ltd. reported that it has received a new exploration permits from the Cana dos Carajs 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. Most of this drilling will be large diameter HQ core to provide sufficient material for ongoing metallurgical test work. Exploration permits for new drill pads in the vicinity of the earlier Homestead discovery have now also been issued by the local municipal environmental agency.

Thirteen priority holes (total of 3,200m) are program as infill to the earlier drill programs in 2017 to 2019, and to test for extensions of the mineralization to the southwest and southeast of the Homestead discovery. The plan is to also test the gap between the Cupuzeiro and Homestead discoveries and the environmental permitting for thirteen proposed holes is in progress at the municipal environmental agency. One drill rig has already been mobilized and three more are scheduled to arrive on site within the next two weeks.

The company advises that assay results for the recently completed program of 3,134.31m (in 6 holes) that tested the immediate northern extensions of the Cupuzeiro discovery will be released within two to three weeks, once some laboratory quality control issues have been resolved.