Lara Exploration Ltd., headquartered in Toronto, Ontario, recently reported that it has signed an Option Agreement with BCV Consultoria e Projetos Ltda. (BCV) to acquire the Damolandia Nickel Project in central Brazil.
The property comes with an extensive database of airborne and terrestrial geophysics, geochemistry and drilling, including seven diamond drill holes (for a total of 1,553 metres) completed in 2008, which intersected a shallowly-plunging, pipe-like body of disseminated nickel-copper sulphide mineralization approximately 600 metres long and open down plunge.
Lara’s interpretation is that the target may represent the distal extension of more massive mineralization. Certainly there are several geophysical anomalies along the trend, including electromagnetic (conductivity) anomalies, with coincident soil geochemical anomalies that may reflect more massive sulphides, which were not tested at the time.