Lara Exploration Ltd. reported 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. Drilling on the Cupuzeiro target from late 2021 intercepted wide zones of higher-grade copper mineralization (notably hole 21-002 with an intercept of 341.30 metres at 0.65% copper equivalent and hole 21-005 which intercepted 339.75 metres at 0.53% copper equivalent). Hole 22-007 from this follow-up program, drilled diagonally across this zone on a northeast azimuth, confirmed the presence of a significant core of high-grade copper mineralization, over more than 100 metres in strike length, on a north-south trend in this target.

Four holes testing the north extension of this core zone: 22-006, 22-008, 22-009 and 22-010, indicate that significant, albeit lower grade mineralization, is still present for up to 300 metres to the north and is still open up-dip, to the north and at depth. Two holes, 22-004 and 22-005, drilled to test the west extension to the high-grade core zone, also made significant copper intersections. Additional drill testing at the Homestead Copper Target: Three drill holes: 22-001, 22-002 and 22-003, were also completed in early 2022 to test IP (Induced Polarization) anomalies to the south, east and west respectively, testing for extensions of the Homestead Target.

Hole 22-001 intersected 27.67 metres at 0.417% Cu at considerable depth down hole (362.03 to 389.70 m) indicating the there is potential to find extensions up-dip and southwards of the Homestead mineralization. No significant copper mineralization was intersected in hole 22-002 located to the east of Homestead and only thin high grade vein intervals of less than 1 metre were intersected in the hole 22-003 located out to the west of Homestead.