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Lara Reports Palladium Values From Its Conceicao Nickel Project in Brazil
Feb. 14, 2011 03:22PM PST
Precious MetalsLara Exploration Ltd. (CVE:LRA) reported that its partner, Avanco Resources Ltd. (ASX:AVB), has confirmed anomalous platinum and palladium values in surface sampling conducted on the company’s property in northern Brazil.
Lara Exploration Ltd. (TSXV:LRA) reported that its partner, Avanco Resources Ltd. (ASX:AVB), has confirmed anomalous platinum and palladium values in surface sampling conducted on the company’s property in northern Brazil.
The press release is quoted as saying:
The Company has completed a Definitive Agreement, whereby Avanco may earn a 75% interest in any of the licenses comprising the Conceição License Block by completing surface sampling and 1,500 metres of drilling within one year of the renewal of the exploration licenses.
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