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Lara granted new exploration licenses for Planalto copper project in Brazil

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Lara granted new exploration licenses for Planalto copper project in Brazil

LaraExploration Ltd. said June 6 that it has been awarded newexploration licenses for the Planalto copper project in the Carajas Mineral provinceof northern Brazil.

The company optioned the property in early 2013. Theoriginal licenses were canceled by the Brazilian Department of Mines due toissues with the paperwork, but the company subsequently reapplied for theexploration rights.

The project comprises three exploration licenses totaling4,726 hectares.

Past exploration on the site includes some drilling andsurface sampling, which outlined two copper-in-soil anomalies with values inexcess of 300 parts per million copper, one approximately 1.3 kilometers by 0.9kilometer in size and the other 2.9 kilometers by 0.3 kilometer.