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Luminex Resources Corp.
Summary
| Project: | Condor | |
|---|---|---|
| Deposit: | Condor | |
| Location: | Ecuador | |
| Commodities: | Zinc-Gold-Silver | |
| Date: | 7/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-7-2020: Luminex Resources Corp. announces an Exploration/Drilling Update report for its Condor deposit at the Condor project. Drilling results incl. 25m @ 3.3g/t Au, 31.5g/t Ag, 0.96% Zn from 521m. Vancouver, British Columbia – Luminex Resources Corp. ( | |
| 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 release Condor Camp deposit drilling results for holes CC20-30, CC20-31 and CC20- 32. The Company has completed approximately 17,800 metres in 32 holes at the Camp deposit since the campaign began. Holes CC20-29 to 32 were not included in the maiden mineral resource estimate for the Camp deposit that was released March 31, 2020 and have started to delineate a new high-grade area that adds mineralization to the deeper southeast area of the deposit. This area is open along strike in both directions and to depth. Holes CC20-30 and CC20- 31 stepped out into the area above two of the deposits’ highest-grade intercepts, in holes CC20-29 and CC20-12, where drill coverage had previously been insufficient for resource categorization. Hole CC20-31 intercepted 25 metres (13.5 metres true width) of 3.3 g/t gold and 31.5 g/t silver. This area exhibits higher zinc grades than the rest of the Camp deposit (see Table 1), possibly increasing as drilling vectors towards the intrusive mineralization source. Hole CC20-32 stepped out to the southwest approximately 80 metres from hole CC20-21 and continued to expand the deposit in this direction. The location of the new drill holes in relation to the rest of the Camp deposit are shown in Figure 1 below. | |
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