Announcement Date: 2022-03-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Lumina Gold Corp.
Project name: Cangrejos
Location: Ecuador
Commodities: Gold,Copper
Highlight: Drilling results incl. 134m @ 1.01g/t Au, 0.1% Cu from 0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia – Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company” or “Lumina”) is pleased to announce results from twelve drill holes at its Cangrejos project (the “Project”) in Ecuador. Seven of the reported drill holes are from Cangrejos and five are from Gran Bestia (see Table 1). To date, thirty-six drill holes have been completed and six drill holes are in progress, totalling 15,055 metres of drilling. Lumina currently has six rigs operating and will be drilling with eight rigs in April. At Gran Bestia, hole C22-167 intercepted 134 metres from surface grading 1.01 g/t gold, 0.10% copper, for a gold equivalent grade of 1.17 g/t Au Eq. In this area, zones of brecciation tend to be of higher grade. This interval was breccia dominated and extends the existing higher grade breccia body by at least 100m to the southeast. Additional drilling at Gran Bestia is expected to further refine the Company’s understanding of the geometry of this shallow zone of high grade mineralization. Also, at Gran Bestia, approximately 450m northwest from hole C22-167, Lumina drilled an aggressive step-out hole, C22-160, into an area where the deposit
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