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Luminex Resources Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Camp Zone | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver | |
| Date: | 9/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-9-2019: Luminex Resources Corp. announces an Exploration/Drilling Update report for its Camp Zone deposit at the Condor project. Drilling results incl. 22.0m @ 3.61g/t Au, 28.5g/t Ag from 340.0m. Vancouver, British Columbia – Luminex Resources Corp. (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – Luminex Resources Corp. (TSXV: LR) (US OTC: LUMIF) (the “Company” or “Luminex”) is pleased to announce the results of diamond drill holes CC19-07 and CC19-08 from the Camp Zone at the Condor Project located in southeast Ecuador. The Company has drilled approximately 5,200 metres to date across 13 holes and is continuing its strategy of step out drilling along strike and down dip with a current emphasis to the southeast of discovery hole CC19-01. Drilling is guided by surface soil and bedrock sampling and geological mapping activities. CC19-07 was drilled to better define the location of the interpreted fault that appears to displace the north-northwest part of the deposit. The hole did not intercept any significant late faulting indicating the location of the offset must lie further west-northwest and closer to CC19-05 (see Figure 2). CC19-07 intercepted ten gold-silver-zinc mineralized intervals between 104 and 391 metres, hosted in altered granodiorite and breccias cut by rhyolite dikes. The most significant gold-silver mineralized intercept, between 320 to 337 metres comprises a true thickness of 12.3 m averaging 2.53 g/t gold and 5.5 g/t silver. CC19-08 is located between the reported intercepts in CC19-06 and CC19-01 and completes a fence of three drill holes that step out to depth in this area. The most significant intercept of 22 metres from 340 metres comprises a true thickness of 15.8 metres averaging 3.61 g/t gold and 28.5 g/t silver. The upper gold zone in CC19-07 intercepted a 62-metre interval, with a true thickness of 30 metres grading 0.55 g/t gold and 3.9 g/t silver from 76 metres of depth. | |
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