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Lumina Gold Corp.
Summary
| Project: | Cangrejos | |
|---|---|---|
| Deposit: | Cangrejos | |
| Location: | Ecuador | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 6/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-6-2018: Lumina Gold Corp. announces an Exploration/Drilling Update report for its Cangrejos deposit at the Cangrejos project. Drilling results incl. 162m @ 0.64g/t Au, 0.14% Cu from 0m. VANCOUVER, British Columbia, June 20, 2018 -- Lumina Gold Corp. (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, June 20, 2018 -- Lumina Gold Corp. (TSXV:LUM) (OTC:LUMAF) (the “Company” or “Lumina”) is pleased to announce additional drill results from the Cangrejos infill, step-out and depth extension program. These five holes (C18-76 to C18-80) represent 1,653 metres of drilling, bringing the 2018 total to 3,739 metres. The Company is continuing to drill at the property and is currently on hole number C18-82. Mineralization in hole C18-76 along the southern flank of the deposit intercepted 162 metres from surface grading 0.64 g/t gold and 0.14% copper. This hole extends mineralization that was intercepted 100 metres to the southwest in the previously announced C18-75 hole (0-168 metres grading 0.64 g/t gold and 0.15% copper), demonstrating notable continuity in the south of the deposit. Holes C18-77 and C18-78 were drilled in the east-central portion of the mineral resource. C18-77 angled to the southeast and intercepted surface mineralization from 0 to 138 metres averaging 0.43 g/t gold and 0.09% copper. C18-78, drilled to the northwest, hit four significant intervals of mineralization that totalled 199 metres in length. The best interval was high-grade material from surface to 90 metres averaging 1.27 g/t gold and 0.11% copper. The hole ended in lower grade mineralization, intercepting 0.27 g/t gold and 0.08% copper over its final 37 metres. Drilling on the northeast flank of the resource is having success at extending near-surface mineralization beyond the current mineral resource estimate’s limits. Holes C18-79 and C18-80 are northwest-oriented step-out holes. C18-80 is the northern and eastern-most hole drilled to date on the Cangrejos deposit and the resource remains open in that direction and to depth. | |
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