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Luminex Resources Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Camp Zone | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver | |
| Date: | 1/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-1-2020: Luminex Resources Corp. announces an Exploration/Drilling Update report for its Camp Zone deposit at the Condor project. Drilling results incl. 10.0m @ 8.39g/t Au, 98.9g/t Ag from 348.0m. VANCOUVER, British Columbia, Jan. 20, 2020 -- Luminex Re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Jan. 20, 2020 -- Luminex Resources Corp. (TSXV: LR) (US OTC: LUMIF) (the “Company” or “Luminex”) is pleased to provide a Camp Zone drilling update at the Condor Project, located in southeast Ecuador with results from holes CC19-19 through CC19-25, as well as a drilling extension to previously announced CC19-04. All of the new Camp Zone step-out holes and the extension to CC19-04 hit significant high-grade mineralization. The Company completed 12,918 metres at the Camp Zone across 25 holes in 2019. Results from these holes will form the basis for a maiden Camp Zone resource which Luminex expects to announce by March 2020. Holes CC19-20, 22, 23, 24 and 25 focused on further definition of the northwestern portion of the Camp Zone. The drilling tested a gap of approximately 300 metres between shallower holes CC19-01, 06 and 08 and the deep intersections cut in the previously announced hole CC19-12 (3.8 metres grading 6.09 g/t gold and 36.3 g/t silver, Figure 3 and press release dated November 4, 2019). Hole CC19-21 was drilled below the previously reported hole CC19-18 and was successful in demonstrating not only apparent width continuity, but also a significant increase in grade at depth. Hole CC19-18 contained numerous zones of mineralization, most notably 4.8 metres of 4.8 g/t gold and 37.5 g/t silver along a contact zone between rhyolite and a foliated granodiorite (November 28, 2019 press release). In CC19-21, this zone of mineralization was cut again 100 metres deeper with an exceptional intercept of 5.8 metres grading 8.4 g/t gold and 98.9 g/t silver (Figure 3). | |
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