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Lumina Gold Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Condor | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 5/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-5-2018: Lumina Gold Corp. announces a Resource Estimation report for its Condor deposit at the Condor project. Updated mineral resource estimate at the project. VANCOUVER, British Columbia, May 14, 2018 -- Lumina Gold Corp. (TSXV:LUM) (OTC:LUMAF) (the | |
| Resources: | (Resource): 63.8Mt @ 0.78g/t AuEq (Ind.), 144.5Mt @ 0.69g/t AuEq (Inf.) | |
| CP/QP: | [Resources]: Robert Sim (SIM Geological Inc.) | |
| ABSTRACT: | VANCOUVER, British Columbia, May 14, 2018 -- Lumina Gold Corp. (TSXV:LUM) (OTC:LUMAF) (the “Company” or “Lumina”) announces an updated mineral resource estimate for the Company’s Condor project, located in Zamora-Chinchipe Province, southeast Ecuador. This updated mineral resource estimate is the first since Lumina Gold acquired Condor and incorporates the 1,907 metres of drilling at Santa Barbara that has been completed since the acquisition in November 2016. Lumina believes there are additional near surface drill targets at Santa Barbara. Exploration drilling and completion of the 29km geophysical Induced Polarization program has confirmed that the copper-gold mineralization has a distinctive high chargeability signature. Extensions to the resource that match this signature remain untested by drilling and constitute priority drill targets at the project. In addition to Santa Barbara, the Condor land package covers a highly prospective area, within the most prolific mineral belt in Ecuador, along strike from significant gold and copper mines that are in construction. Lumina has been actively exploring the 10,101 hectare land package and has identified a large, four by two kilometre surface gold anomaly at the Prometedor prospect and an extension to the Los Cuyes deposit defined by a 200 metre by 200 metre surface gold anomaly that remains open. The Santa Barbara and Los Cuyes extensions, Prometedor drill targets and others, continue to be advanced to drill stage. When ready, a drill will be mobilized to site to begin testing the targets in order of priority. | |
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