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Lumina Gold Corp.
Summary
| Project: | Cangrejos | |
|---|---|---|
| Deposit: | Cangrejos, Gran Bestia | |
| Location: | Ecuador | |
| Commodities: | Gold-Copper | |
| Date: | 10/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-10-2019: Lumina Gold Corp. announces an Exploration/Drilling Update report for its Cangrejos, Gran Bestia deposit at the Cangrejos project. Drilling results incl. 537m @ 0.56g/t Au, 0.10% Cu from 168m. VANCOUVER, British Columbia, Oct. 02, 2019 -- Lumin | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Oct. 02, 2019 -- Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company” or “Lumina”) is pleased to announce drill results from the last eight holes of the 2018 and 2019 drill program and the expansion of the Gran Bestia mineralized zone to the northwest. These holes represent approximately 3,900 metres of drilling. All of the holes except for one (C19-140) were on the Gran Bestia Deposit. These holes will be the last results included in an updated NI 43-101 resource estimate expected in November. Marshall Koval, President and CEO, commented: “We are extremely excited by the continuity of mineralization found during the Gran Bestia ridgeline drilling. These results will add a substantial amount of mineralized material to the project when we complete the maiden Gran Bestia resource estimate. Gran Bestia will complement the already large-scale Cangrejos deposit and should provide mine life extension and mine plan flexibility when we look to update the project’s economic study in 2020. The deposit remains open to the northwest, north, northeast and at depth.” Cangrejos Deposit: Hole 140 was drilled on the northwest side of the main resource in an area that has demonstrated highgrade results from surface across multiple holes from the same pad. The best result from the pad was hole 138, drilled to the south, which returned 302 metres grading 1.22 g/t gold and 0.14% copper (August 12, 2019 news release). Hole 140 was drilled westward and contained a surface intersection of 0.74 g/t gold and 0.08% copper to 116-metre depth, including 1.16 g/t from collar to 14 metres. | |
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