|By Marketwired .||
|July 2, 2014 04:15 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/02/14 -- Lara Exploration Ltd., (TSX VENTURE:LRA) ("Lara" or the "Company") reports that Focus Graphite Inc. ("Focus") has advised the Company that it is relinquishing its option to earn up to a 60% interest in the Company's Caninde Graphite Project in Ceara State, Brazil.
During 2012 the Company completed a program of mapping, surface sampling and trenching, funded by Focus, which outlined several new flake graphite occurrences, some with relatively high grades, as well as completing further work on some of the occurrences identified previously by Lara (see Company news releases of December 05, 2011, April 11, 2012 and January 14, 2014 for details). Lara plans to execute additional trenching in the coming months and to seek a new partner to advance the project.
The Caninde Graphite Project comprises 15,614 hectares of exploration licenses accessible on paved highways from the Ceara State Capital, Fortaleza. The graphite occurrences are hosted within gently dipping schistose rocks and shear zones developed within a complex of felsic gneisses with local meta-sedimentary schist enclaves.
Michael Bennell, Lara's Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a qualified person as defined by the National Instrument 43-101 Standards of Disclosure for Mineral Projects and is responsible for the preparation and verification of the technical information in this release.
Lara is an exploration company following the Prospect Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint ventures funded by partners. The Company currently holds a diverse portfolio of prospects and deposits in Brazil, Peru, Colombia and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".
For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com.
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Lara Exploration Ltd.
VP Corporate Development
+1 416 703 0010
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 9, 2016 06:15 PM EST Reads: 1,758
Dec. 9, 2016 05:30 PM EST Reads: 2,361
Dec. 9, 2016 05:30 PM EST Reads: 429
Dec. 9, 2016 05:15 PM EST Reads: 1,883
Dec. 9, 2016 05:15 PM EST Reads: 1,459
Dec. 9, 2016 05:15 PM EST Reads: 375
Dec. 9, 2016 05:00 PM EST Reads: 2,054
Dec. 9, 2016 04:45 PM EST Reads: 1,860
Dec. 9, 2016 04:45 PM EST Reads: 1,290
Dec. 9, 2016 03:45 PM EST Reads: 586
Dec. 9, 2016 03:30 PM EST Reads: 1,231
Dec. 9, 2016 03:15 PM EST Reads: 978
Dec. 9, 2016 03:15 PM EST Reads: 861
Dec. 9, 2016 03:00 PM EST Reads: 2,013
Dec. 9, 2016 03:00 PM EST Reads: 384