Vancouver, British Columbia–, is pleased to report the receipt of additional drill results from partner Hochschild Mining plc., for Lara’s Corina Gold Project in southern Peru.
Hochschild has the option to purchase the Corina Project from Lara by making staged cash payments totalling US$4,150,000 of which US$650,000 has been paid to date, with the next installment of US$1,000,000 due in July 2021.
Drilling is being supervised by Hochschild’s brownfields technical team, based at the Pallancata Mine.
Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty.