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Luminex Resources Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Camp Zone | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 3/31/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-3-2020: Luminex Resources Corp. announces a Resource Estimation report for its Camp Zone deposit at the Condor project. Initial Mineral Resource Estimate for Camp Zone. VANCOUVER, British Columbia, March 31, 2020 -- Luminex Resources Corp. (TSXV: LR) ( | |
| Resources: | (Resources, Inf.): 11.9Mt @ 2.26g/t Au, 19.5g/t Ag, 0.03% Cu, 0.09% Pb, 0.66% Zn at Camp Zone | |
| CP/QP: | [Resources]: Robert Sim (Independent) | |
| ABSTRACT: | VANCOUVER, British Columbia, March 31, 2020 -- Luminex Resources Corp. (TSXV: LR) (US OTC: LUMIF) (the “Company” or “Luminex”) is pleased to announce a maiden mineral resource estimate at the Camp deposit and updated mineral resource estimates for the other deposits at the Company’s Condor project, located in Zamora-Chinchipe Province, southeast Ecuador. The Camp deposit mineral resource estimate is the culmination of 2019 and 2020 drilling totaling 28 holes. Luminex is continuing work to expand this exciting new area of the Condor project. The mineral resource updates on the four other deposits at the Condor project are based on previous drilling, but with updated metal price assumptions. The Camp deposit comprises a planar, sub-vertical and relatively high-grade mineralized zone, with thickness and continuity that exhibit reasonable prospects for eventual economic extraction using underground extraction methods. The estimate of mineral resources is presented in Table 1. The sensitivity of mineral resources to the cut-off grade is shown in Table 2. | |
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