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Luminex Resources Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Camp Zone | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver | |
| Date: | 4/28/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-4-2020: Luminex Resources Corp. announces an Exploration/Drilling Update report for its Camp Zone deposit at the Condor project. Drilling results incl. 21m @ 4.26g/t Au, 26.3g/t Ag from 617m. VANCOUVER, British Columbia, April 28, 2020 -- Luminex Resou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, April 28, 2020 -- Luminex Resources Corp. (TSXV: LR) (US OTC: LUMIF) (the “Company” or “Luminex”) is pleased to release Condor Camp deposit drilling results for hole CC20-29 and announce that it is recommencing drilling at the Condor project. The Company has completed approximately 17,800 metres in 32 holes at the Camp deposit since the campaign began and results from CC20-30 to CC20-32 are still pending. Hole CC20-29 and subsequent holes were not included in the maiden mineral resource estimate for the Camp deposit that was released March 31, 2020. Step-out hole CC20-29 intercepted a new high-grade area measuring 21 metres core length from 617.0 to 638.0 metres grading 4.26 g/t gold and 26.3 g/t silver. The intercept included 4.0 metres core length from 630.0 to 634.0 metres grading 10.53 g/t gold and 42.8 g/t silver. This intercept is located at approximately 530 metres vertical depth and is approximately 110 metres horizontally from the previously reported intercept in hole CC19-12 and approximately 280 metres south-southwest and approximately 50 metres below the previously reported interval in hole CC19-23 (Figure 2). More drilling is needed to determine the geological data required to calculate true widths for the intercepts. | |
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