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Lumina Gold Corp.
Summary
| Project: | Cangrejos | |
|---|---|---|
| Deposit: | Cangrejos | |
| Location: | Ecuador | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 5/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-5-2018: Lumina Gold Corp. announces an Exploration/Drilling Update report for its Cangrejos deposit at the Cangrejos project. Drilling results incl. 288m @ 0.75g/t Au, 0.14% Cu from 0m. VANCOUVER, British Columbia, May 23, 2018 -- Lumina Gold Corp. (TS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, May 23, 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 (C18-71 to C18-75) represent 2,086 metres of drilling from February to April, 2018. During that time, Lumina also drilled an additional 262 metres to support further metallurgical test work for the Preliminary Economic Assessment that is in progress. The Company is continuing to drill at the property with one drill rig and is currently on hole number C18-80. Holes C18-71, C18-72 and C18-74 have confirmed the north-northeast extension of the Cangrejos deposit and define a subvertical, well mineralized body; high-grade values appear from surface (C18-71, 0-288 m @ 0.75 g/t Au and 0.14% Cu) and to a maximum depth of 550 meter down-hole depth in C18-74. Mineralization in the north-northeast extension remains open to the north-northeast and at depth. Hole C18-73 intersected several intensely mineralized zones from the surface to a down-hole depth of 586 meters within the central portion of the deposit (hole ended in mineralization). Hole C18-75 was collared on the south side of the deposit and successfully tested surface mineralization in the southern extension (0 to 168m @ 0.64 g/t Au and 0.15% Cu). The 2018 drill holes to date have confirmed the geological interpretations obtained in previous drilling programs as porphyrystyle gold-copper mineralization. These results, in conjunction with previous drilling programs, suggest high-grade mineralized zones remain open to the north, south, west and at depth. | |
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