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Luminex Resources Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Camp Zone | |
| Location: | Ecuador | |
| Commodities: | Gold-Silver | |
| Date: | 9/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-9-2019: Luminex Resources Corp. announces an Exploration/Drilling Update report for its Camp Zone deposit at the Condor project. Drilling results incl. 44.0m @ 2.48g/t Au, 26.0g/t Ag from 326.0m. VANCOUVER, British Columbia, Sept. 04, 2019 -- Luminex Re | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Leo Hathaway (Internal) | |
| ABSTRACT: | VANCOUVER, British Columbia, Sept. 04, 2019 -- Luminex Resources Corp. (TSXV: LR) (US OTC: LUMIF) (the “Company” or “Luminex”) is pleased to announce the results of diamond drill holes CC19-05 and CC19-06 from the Camp Zone in the northern part of its Condor Project located in southeast Ecuador. The Company has two drill rigs at site and has extended its 2,300 metre Phase 2 drill program given positive results. Approximately 2,500 metres over six holes has been drilled as part of Phase 2 to date. The locations of Phase 1 and 2 drill holes that have been completed, are in progress and are planned are shown in Figure 1. Luminex anticipates continuation of drilling post completion of the last planned Phase 2 hole. CC19-06 was drilled downdip of CC19-02 (Figure 2), the latter having ended in mineralization. CC19-06 drilled into the footwall of the mineralized system as it is currently known. Here, the mineralized system dips 70° to the northeast and is 31 metres wide. The highest-grade sample from CC19-06 is a massive sulphide vein 1-metre wide cut at 351-metre down hole, which assayed 52.4 g/t gold, 546 g/t silver and 14.65% zinc (Figure 3) and was part of a 9.6 metre intersection. The longest intersection was 44 metres of 2.48 g/t gold and 26.0 g/t silver and is associated with rhyolite dikes and breccias. The Cuyes gold-silver deposit located 400 metres to the northeast as well as several intervening parallel epithermal veins are suspected to share a common source and will be the focus of future exploration. | |
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