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TORONTO, Feb. 21, 2024 (GLOBE NEWSWIRE) — Lavras Gold Corp. (TSX-V:LGC, OTCQX:LGCFF) (“Lavras” or the “Company”) is happy to announce that it has been named as one of many high 50 performers on the TSX Enterprise Change in 2023 – of the 1,700 firms listed on the TSX Enterprise Change. Lavras Gold has been a public firm for lower than two years.
The 2024 TSX Enterprise 50 celebrates the strongest efficiency on the TSX Enterprise Change (the “TSXV” or “the Change”) during the last yr. Comprised of 10 firms from every of the 5 trade sectors, the rating acknowledges the strongest efficiency on the Change primarily based on market capitalization, share value appreciation, and buying and selling quantity. The 5 sectors are: Clear Know-how and Life Sciences, Diversified Industries, Power, Mining, and Know-how. The businesses are ranked primarily based on three equally-weighted standards: share value appreciation, market capitalization progress, and buying and selling worth. Extra particulars on this rating might be discovered on the 2024 TSX Enterprise 50 web site. CLICK HERE for a video interview with Lavras Gold CEO Mike Durose.
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“We’re honoured to have earned a spot on the 2024 TSX Enterprise 50, rating as a high performing firm in our sector. We want to thank our devoted group in Brazil, our administration group, board of administrators and our loyal shareholders, amongst so many others, for propelling us to this prestigious rating,” commented Lavras Gold CEO Michael Durose. “We’d additionally prefer to congratulate all the businesses who certified for this rating and want them the best success all through 2024 as nicely.”
Background on the TSX Enterprise 50
To qualify for the 2024 TSX Enterprise 50 rating, firms should:
- Be listed on TSXV (not NEX) on December 31, 2023
- Have a market capitalization larger than C$5 million on December 31, 2023
- Have a closing share value larger than C$0.25 on December 31, 2023
- Have a closing share value of no less than C$0.10 on December 31, 2022
- Have been listed on TSXV multiple yr as of December 31, 2023
In regards to the LDS Undertaking in Southern Brazil
The LDS Undertaking is centred in town of Lavras do Sul in Rio Grande do Sul, Brazil. It’s roughly 320 kilometres, or a 4.5-hour drive, from the state capital of Porto Alegre. The Firm, by way of its subsidiary, holds instantly or not directly, contractual pursuits over 29 mineral rights masking 22,000 hectares.
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The LDS intrusive advanced is a multiphase intrusive centre that’s surrounded by coeval volcanic rocks to the east. Geologically, LDS is within the far south of the Neoproterozoic Mantiqueira Province, a 2,700-kilometre-long belt of tectonically and magmatically accreted terrains that stretch as far south because the shoreline of central Uruguay and north into southern Bahia State in Brazil. Essentially the most superior targets are the Butiá and Cerrito gold deposits, which have consolidated NI 43-101 assets of roughly 1 million ounces.
About Lavras Gold Corp.
Lavras Gold Corp. (TSXV: LGC, OTCQX: LGCFF) is a Canadian exploration firm centered on realizing the potential of a multi-million-ounce gold district in southern Brazil. Its Lavras do Sul Undertaking is situated in Rio Grande do Sul State and is primarily an intrusive hosted gold system of attainable alkaline affinity. Greater than 24 gold prospects centred on historic gold workings have been recognized on the property, which spans greater than 22,000 hectares. Comply with Lavras Gold on www.lavrasgold.com, in addition to on LinkedIn, Twitter, and YouTube.
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On Behalf of Lavras Gold Corp.
“Michael Durose”
President & CEO
For additional info, please go to the Lavras Gold Corp. web site at www.lavrasgold.com, or contact:
Michael Durose, President & CEO or Naomi Nemeth, VP Investor Relations
Cellphone: +1-289-624-1343 or +1-289-624-1377
Electronic mail: investor@lavrasgold.com
Web site: www.lavrasgold.com
X (Twitter): @LavrasGold
Disclaimer: Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
Ahead trying statements: This information launch consists of sure “forward-looking info” throughout the that means of Canadian securities laws and “forward-looking statements” throughout the that means of the US Personal Securities Litigation Reform Act of 1995 (collectively “ahead trying statements”). Ahead-looking statements embrace predictions, projections and forecasts and are sometimes, however not at all times, recognized by way of phrases akin to “search”, “anticipate”, “consider”, “plan”, “estimate”, “forecast”, “count on”, “potential”, “undertaking”, “goal”, “schedule”, “finances” and “intend” and statements that an occasion or end result “might”, “will”, “ought to”, “may” or “would possibly” happen or be achieved and different comparable expressions and consists of the negatives thereof. All statements apart from statements of historic truth included on this launch, together with, with out limitation, statements relating to the Firm’s anticipated efficiency in 2024 are forward-looking statements that contain numerous dangers and uncertainties. There might be no assurance that such statements will show to be correct and precise outcomes and future occasions may differ materially from these anticipated in such statements. Ahead-looking statements are primarily based on plenty of materials components and assumptions. Necessary components that would trigger precise outcomes to vary materially from Firm’s expectations embrace precise exploration outcomes, modifications in undertaking parameters as plans proceed to be refined, outcomes of future useful resource estimates, future steel costs, availability of capital and financing on acceptable phrases, common financial, market or enterprise circumstances, uninsured dangers, regulatory modifications, defects in title, availability of personnel, supplies and tools on a well timed foundation, accidents or tools breakdowns, delays in receiving authorities approvals, unanticipated environmental impacts on operations and prices to treatment identical, and different exploration or different dangers detailed herein and infrequently within the filings made by the Firm with securities regulators. Though the Firm has tried to determine vital components that would trigger precise actions, occasions or outcomes to vary from these described in forward-looking statements, there could also be different components that trigger such actions, occasions or outcomes to vary materially from these anticipated. There might be no assurance that forward-looking statements will show to be correct and accordingly readers are cautioned to not place undue reliance on forward-looking statements.
A photograph accompanying this announcement is out there at https://www.globenewswire.com/NewsRoom/AttachmentNg/b6af0ac2-25a5-441e-b290-b62ffb90e1f6
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