Lara Exploration Ltd. Announces Tin Mineralization

Lara Exploration Ltd. (TSXV:LRA) announced Avenue Resources Ltd. has finished drilling at the São Lourenço tin project in Brazil.

As quoted in the press release:

The São Lourenço Tin Project comprises 7 mining licenses covering a total of 3,408 hectares located approximately 200 kilometres from the city of Porto Velho, in Rondônia State, northwest Brazil. Lara previously mapped and sampled several areas of altered granite with tin mineralization on the Irene and Isaac Hills within the property. Avenue has the option to acquire 100% of Lara’s rights to the project, for 3 million common shares already issued to Lara at closing, US$1 million in cash and/or shares in four annual payments of US$250,000, assuming responsibility for the remaining obligations under the option agreement and undertaking to drill a minimum of 1,500 metres of diamond core drilling by November 24, 2012 – 1,200 metres of which has now been completed. Lara will also receive a 1% net smelter return royalty on any production from the project.

Click here to read the Lara Exploration Ltd. (TSXV:LRA) press release.  

Get the Latest Tin Investing Stock Information

Get the latest information about companies associated with Tin Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2

Get the Top Stories on Resource Investing FREE!

  Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.

Leave a Reply