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Luminex Resources Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Camp Zone | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver | |
| Date: | 7/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2019: Luminex Resources Corp. announces an Exploration/Drilling Update report for its Camp Zone deposit at the Condor project. Drilling results incl. 35m @ 4.58g/t Au, 10.3g/t Ag from 155m. VANCOUVER, British Columbia , July 18, 2019 -- Luminex Resou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia , July 18, 2019 -- Luminex Resources Corp. (TSXV: LR) (US OTC: LUMIF) (the “Company” or “Luminex”) is pleased to announce results from the final two holes of its initial four hole, “Phase 1” diamond drilling program at the Camp Zone in the northern part of its Condor Project, as well as the commencement of its “Phase 2” follow-up drill program. The results from these two drill holes complement those described in Luminex’s June 18, 2019 news release announcing the discovery of a high-grade, broad zone of precious metal mineralization. Drill hole CC19-03 demonstrated lateral continuity of the high-grade gold and silver mineralization that was intersected in CC19 -01 and 02. The best intersection from CC19-03 was 35 metres assaying 4.58 g/t gold and 10.3 g/t silver. Similar to the initial two drill holes, hole CC19-03 cut the mineralized zone at an angle of approximately 65 degrees with an approximate true thickness of 25 metres. The three longer intersections cut in holes CC19-01 to 03 (high-grade zone) are separated by 125 metres along trend, and as noted in the June 18 news release, holes CC19-01 and 02 ended in high-grade mineralization. Long intervals of lower-grade mineralization were also cut in CC19-03 from three metres below surface. The fourth hole did not penetrate deep enough to test the high-grade epithermal system. | |
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