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Lumina Gold Corp.
Summary
| Project: | Cangrejos | |
|---|---|---|
| Deposit: | Cangrejos | |
| Location: | Ecuador | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 6/28/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-6-2018: Lumina Gold Corp. announces a PEA report for its Cangrejos deposit at the Cangrejos project. PEA results incl. post tax NPV of US $876M (5%), IRR of 14.4%, and 16 yr LOM at the project. VANCOUVER, British Columbia, June 28, 2018 -- Lumina Gold | |
| Resources: | (Resource, Inf.): 408.0Mt @ 0.65g/t Au, 0.11% Cu, 0.6g/t Ag, 25.0ppm Mo | |
| CP/QP: | [Overall Report]: William Rose (WLR Consulting Inc.) | |
| ABSTRACT: | VANCOUVER, British Columbia, June 28, 2018 -- Lumina Gold Corp. (TSXV:LUM) (OTC:LUMAF) (the “Company” or “Lumina”) is pleased to announce it has received positive results of the Preliminary Economic Assessment (the “PEA”), prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), for its 100%-owned Cangrejos Project (“Cangrejos” or the “Project”). The PEA was authored by MTB Project Management Professionals Inc. (“MTB”) and demonstrates that Cangrejos has the potential to be an economic, large-scale open pit gold and copper mine. Marshall Koval, President and CEO, commented: “This represents a crucial first step in demonstrating the value of the Cangrejos Project to both Lumina shareholders and Ecuador. The PEA establishes that Cangrejos is one of the top 15 undeveloped gold projects in the world(1) based on its average annual production potential. Our team is confident that with further drilling, engineering and study we will continue to increase the scale of the Project and improve its economics.” | |
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