Northwire Canada EditionFriday, July 17, 2026
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LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8% LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8%
Drill Results

Lara Exploration resumes drilling at Planalto

By The Northwire Desk — AI Analysis Feb 17, 2026 · 17:29 LRA · 3.13 Lara Exploration Ltd.
LRA · Price

Executive Summary

  • Lara Exploration Ltd. has resumed drilling at its Planalto project in Brazil, specifically targeting the Silica Cap copper mineralized trend.
  • The current program aims to test a potential 3-kilometer strike extension of the Silica Cap deposits, starting immediately south of the proposed open pit defined in the 2025 Preliminary Economic Assessment (PEA).
  • Drilling will also evaluate priority soil copper anomaly targets within the volcanic sequence east of the Silica Cap trend, contingent on receiving permits for the adjacent Atlantica mineral licence.

Key Details

  • Drilling Objective: Test the entire 3 km strike extension of the Silica Cap mineralized zone, which follows the contact between volcanics (east) and the Planalto granite intrusive (west).
  • Additional Targets: Test other priority soil copper anomaly targets located within the volcanic sequence up to 1,000 metres from the granite contact.
  • Permit Status: New drilling permits received from the Canaa dos Carajas municipal environmental agency for the Planalto project; permits for the adjacent Atlantica mineral licence are pending.
  • Operational Status: One drill rig is currently on site; additional rigs will be mobilized as required.
  • Program Scope: Planned program total of 3,000 meters.
  • Timeline: Completion expected by the end of April 2026.
  • Historical Intersections (Silica Cap Trend):
    • PLAN 19-018: 15.8 m at 0.94% Cu (down hole from 32.17 to 48 m).
    • PLAN 19-025: 13.1 m at 0.65% Cu (down hole from 72 to 85.1 m).
    • PLAN 23-017: 15.36 m at 1.01% Cu (down hole from 141 to 156.36 m).
  • Geological Context: The Silica Cap resource is a single, moderately east-dipping copper mineralized zone within the mafic-intermediate volcanic sequence, located 15 m to 25 m from the metasomatized granite contact. Copper grades are noted to be higher than the average defined in the main Planalto open pit from the 2025 PEA.
  • Technical Approval: Michael Bennell, Lara's vice-president of exploration, is the qualified person who approved the technical disclosure.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

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