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Lumina Gold Corp.
Summary
| Project: | Cangrejos | |
|---|---|---|
| Deposit: | Cangrejos | |
| Location: | Ecuador | |
| Commodities: | Gold-Copper | |
| Date: | 9/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-9-2019: Lumina Gold Corp. announces an Exploration/Drilling Update report for its Cangrejos deposit at the Cangrejos project. Drilling results incl. 444m @ 1.18g/t Au, 0.09% Cu from 4m. VANCOUVER, British Columbia, Sept. 04, 2019 -- Lumina Gold Corp. (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 04, 2019 -- Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company” or “Lumina”) is pleased to announce drill results from the thirteen hole metallurgical and pit slope geotechnical drilling program completed in 2019. These holes represent approximately 4,910 metres of drilling. All of the holes were on the Cangrejos deposit and were drilled to support ongoing engineering and economic study work. Geotechnical holes were sited throughout the resource area to characterize structural, rock mechanics and hydrogeologic conditions within the June 2018 Preliminary Economic Assessments’ (“PEA”) ultimate pit and to support future pit slope design engineering. Holes were typically collared within the known resource and angled across pit boundaries defined by the PEA mine plan. The holes did not specifically target mineralization, yet many cut significant intervals (see below table). Hole G2B cut one of the best mineralized intervals ever drilled at Cangrejos with 444 metres averaging 1.18 g/t gold and 0.09% copper from 4 metres below surface. In addition to high grades, G2B exhibited remarkable continuity of mineralization throughout the hole. The metallurgical holes were drilled with large-diameter core (PQ) for multiple purposes. The holes targeted various rock types so composites could be prepared for 1) comminution testing, specifically High-Pressure Grinding Roll (HPGR) tests completed by FLSmidth Labs in Utah, USA and 2) corresponding metallurgical flowsheet development by Plenge Metallurgical Labs in Lima, Peru. Lumina expects results from the ongoing 2019 metallurgical test program to be released in September 2019. | |
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