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Luminex Resources Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Camp Zone | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver | |
| Date: | 11/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-11-2019: Luminex Resources Corp. announces an Exploration/Drilling Update report for its Camp Zone deposit at the Condor project. Drilling results incl. 55.0m @ 1.38g/t Au, 12.4g/t Ag from 94.0m. VANCOUVER, British Columbia, Nov. 28, 2019 -- Luminex Re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Nov. 28, 2019 -- 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 CC19-15 through CC19-18. The Company has drilled approximately 10,700 metres to date in 23 holes and is continuing step-out drilling with three drill rigs. The Company believes it will have sufficient data to issue a maiden resource for the Camp Zone in Q1 2020. Hole CC19-15 and CC19-16, step-outs to the southeast, were drilled from the same pad with hole 16 crossing the mineralized zone deeper than hole 15 (see plan and long section, Figures 1 and 2). While mineralization was cut in both holes, results from CC19-16 indicate mineralization is more widespread and better developed at depth within the Camp Zone. Likewise, CC19 -18 collared 75 metres to the northwest of CC19-15 and 16, was also angled to cross the zone deeper. It too shows strong mineralization including 8.0 metres of 4.84 g/t gold and 37.5 g/t silver. Given the apparent increase in mineralization intensity at depth in the Camp Zone, systematic down-dip step-out exploration is now underway and focused on testing below 400-metres, under the bulk of the current exploration holes and surrounding the deep intersection cut in CC19-12 (19.3 metres grading 6.1 g/t gold and 36.3 g/t silver, released in the November 4, 2019 news release). | |
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