Canadian TSX-listed Lara Exploration continues to investigate the possibility of hard-rock mining at the Sao Lourenco project in Rondonia state, Brazil "Tin mining in Brazil has declined in recent years as placer resources become exhausted or unviable due to environmental constraints. We see hard-rock projects as the future and believe we have a potentially significant deposit at Sao Lourenco" commented Miles Thompson, President and CEO in a statement.
Sao Lourenco was an alluvial mining site in the 1970s and 1980s and some small-scale garimpeiro workings continue in the area today. Lara signed an option to acquire all the Sao Lourenco rights in January 2007 to explore for the primary source tin mineralization of the superficial deposits currently being exploited. A new independent technical report commissioned by the company has concluded that the project merits further exploration and recommended diamond-drilling to assess both low-grade, high tonnage open pit potential and low tonnage, high-grade underground potential.
