4 kms from vale worlds biggest iron ore mine, page-11

Lara Exploration are drilling at the moment right next to AVB SERRA VERDE project and are getting sum decent hits.

Further High-Grade Iron Intercepts at Serra Morena Target
19-Jul-2010

July 19, 2010 (TSX Venture: LRA) - Lara Exploration Ltd., (Lara or the Company) is pleased to report further positive results from iron ore drilling with joint venture partner Vertical Minerao Ltda., (Vertical) at its Curionpolis IOCG Project, in the Carajs District of Northern Brazil. All ten holes have reported significant iron mineralization from x-ray fluorescence analysis with drillhole intervals ranging from 53.81 to 168.4 metres in length returning average iron grades of between 36.41% and 65.51% Fe. The best intercept is 166.5 metres at an average grade of 62.62% iron with low impurities (silica, aluminum and phosphorous).

To date 17 diamond drillholes have been completed, testing an approximately one kilometre section of the on the Serra Morena Target with partial results for holes FD-0001 to FD-0008 being reported previously (see Company news release of May 10, 2010 for details). Results of all the drillholes are summarized in Table 1 below:

Table 1. - Drill Intercepts - Serra Morena

Drillhole
From (m)
To (m)
Interval (m)
Grade Fe (%)

FD-0001
0.00
10.00
10.00
58.95


29.00
59.00
30.00
48.63

FD-0002
0.00
39.00
39.00
62.16

FD-0003
0.00
86.70
86.70
61.63

FD-0004
0.00
37.13
37.13
60.08

FD-0005
0.00
16.50
16.50
55.44

FD-0006
Hole abandoned due to drilling problems

FD-0007
0.00
6.66
6.66
51.76

FD-0008
0.00
25.00
25.00
58.97

FD-0009
0.00
131.70
131.70
65.51

FD-0010
0.00
123.00
123.00
63.83

FD-0011
0.00
166.50
166.50
62.62

FD-0012
0.00
168.40
168.40
46.17

FD-0013
0.00
100.00
100.00
36.41

FD-0014
0.00
90.00
90.00
53.18

FD-0015
0.00
136.35
136.35
37.60

FD-0016
0.00
100.00
100.00
63.50

FD-0017
0.00
70.00
70.00
45.38

FD-0018
0.00
53.81
53.81
61.55


These drillholes were angled at between 60 and 90 (vertical) degrees, testing a 50 to 300 metre wide zone of partially exposed, steeply dipping and strongly folded iron formations that comprise a mixed sequence of massive high-grade hematite and lower-grade siliceous iron formations (itabirites).

Mapping and surface sampling on the property indicates that the iron formations extend for over 10 kilometres within the property and work is underway to both extend the Serra Morena Target and to test other sections of the trend where reconnaissance mapping and surface chip sampling has identified exposures of massive hematite