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Lumina Gold Corp.
Summary
| Project: | Cangrejos | |
|---|---|---|
| Deposit: | Cangrejos, Gran Bestia | |
| Location: | Ecuador | |
| Commodities: | Gold-Copper | |
| Date: | 6/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-6-2019: Lumina Gold Corp. announces an Exploration/Drilling Update report for its Cangrejos, Gran Bestia deposit at the Cangrejos project. Drilling results incl. 132m @ 0.98g/t Au, 0.08% Cu from 0m. VANCOUVER, British Columbia, June 26, 2019 -- Lumina | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, June 26, 2019 -- Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company” or “Lumina”) is pleased to announce additional drill results from the Cangrejos and Gran Bestia resource infill, step-out and depth extension program. These eight holes (C19-117 to C19-124) represent approximately 3,680 metres of drilling. The results include two holes from the Gran Bestia Deposit and four from the Cangrejos Deposit. In addition, two holes have now been drilled in the unexplored “Corridor” between Cangrejos and Gran Bestia to search for any continuity across the narrow zone separating the two deposits. C19-117 and 121, the first holes to test for continuity between the deposits, both returned significant mineralization albeit of different styles. Hole 117 cut two high-grade 8-metre wide intercepts associated with strongly altered zones, grading 14.7 g/t gold and 4.7 g/t gold respectively. C19-121 cut extensive low-grade mineralization in the 0.3 to 0.5 g/t gold range over an aggregate 280 metres. C19-121 also cut at depth semi-massive chalcopyrite and pyrrhotite hosted in breccia grading 5.98 g/t gold and 3.04% copper over a 4-metre interval. These initial results suggest continuity may exist between the deposits. Exploration of the Corridor is continuing. Two holes, C19-119 and C19-122 drilled from the same pad, but in opposite directions at Cangrejos both cut significant atsurface intervals of good grade in the north-central portion of the deposit. These holes merit follow-up exploration in the Corridor area to determine if this area could be suitable for mining in early years of a future mine plan. | |
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