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Lumina Gold Corp.
Summary
| Project: | Cangrejos | |
|---|---|---|
| Deposit: | Cangrejos | |
| Location: | Ecuador | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 10/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-10-2018: Lumina Gold Corp. announces an Exploration/Drilling Update report for its Cangrejos deposit at the Cangrejos project. Drilling results incl. 346m @ 1.13g/t Au, 0.17% Cu from 296m. VANCOUVER, British Columbia, Oct. 23, 2018 -- Lumina Gold Corp. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 23, 2018 -- Lumina Gold Corp. (TSXV: LUM) (OTC: LMGDF) (the “Company” or “Lumina”) is pleased to announce additional drill results from the Cangrejos infill, step-out and depth extension program. These three holes (C18-90 to C18-92) represent the most recent results from the 2018 drill program, which has totaled approximately 8,800 metres over 22 holes. The Company is continuing to drill at the property and has just completed hole number C18-94. Hole C18-90 was a vertical-hole that stepped out approximately 50 metres from the edge of the 2017 deep discovery zone. The drill hole cut one of the longest zones of continuous mineralization ever drilled at Cangrejos, 346 metres averaging 1.13 g/t gold and 0.17% copper. The closest hole in that zone is the previously released C17-58 that cut 126 metres grading 3.64 g/t gold and 0.54% copper from 292 metres within a broader interval of 305 metres averaging 1.90 g/t gold and 0.30% copper from 286 metres. Hole C18-91 successfully tested the northeasterly continuity of the mineralization within the central-northeast quadrant of the resource and cut multiple intercepts from 46 metres to 364 metres, as detailed in the table below. Hole C18-92 was added to the drill program after hole C18-78 intercepted 90 metres averaging 1.27 g/t gold and 0.11% from surface. The drill hole was inclined to the southeast in order to extend the known mineralization in this direction. C18-92 cut two intervals between 106 metres and 270 metres, as detailed in the table below. Holes C18-93 and C18-94 were subsequently drilled as further northeasterly step-out holes to C18-92, which advanced the drilling into an unexplored area of the deposit. The results from these two holes are pending. | |
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