Announcement Date: 2022-09-26
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. 282m at 0.73g/t Au, 0.11% Cu from 156m
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 the remaining results from the 2021-2022 drilling campaign in support of the ongoing Prefeasibility Study (“PFS”) at its Cangrejos Project (the “Project”) in Ecuador. Results from the final seventeen drill holes, fifteen from Gran Bestia and two from Cangrejos are provided in Table 1. Holes with a “G” designation are combined geotechnical and mineral resource drill holes. Marshall Koval, President and CEO commented: “Receiving the final assays from Lumina’s 36,000 metre PFS drill campaign allows resource estimation work to commence, which is a critical path item for completion of the PFS. The drill results continue to demonstrate the exceptional continuity of grade at Cangrejos and Gran Bestia and are in line with expectations from previous drilling. The newly drilled step-out areas are expected to add to existing Inferred and Indicated resources and the inclusion of the northwest ridge extension at Gran Bestia may lower the stripping ratio at the mine planning stage of the PFS study.” Cangrejos Drill-Hole Results Results from C22-G7 and C22-G8 at Cangrejos located in the central and northern central area of the Cangrejos deposit are typical of this area, with hole C22-G7 returning 118 metres from surface grading 0.64 g/t gold and 0.12% copper, for a gold equivalent grade of 0.83 g/t.
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