| Announcement Date: | 2022-11-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Luminex Resources Corp. |
| Project name: | Condor |
| Location: | Ecuador |
| Commodities: | Copper,Molybdenum |
| Highlight: | Drilling results incl. 98m at 0.29% Cu, 14ppm Mo from 9.0m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia – Luminex Resources Corp. (TSXV: LR) (OTCQX: LUMIF) (the “Company” or “Luminex”) is pleased to announce results from four drill holes, totalling 2,418 metres at its El Hito porphyry prospect, located in the central area of Luminex’s Condor project. Luminex is also pleased to report the drill results from five holes totalling 2,386 metres at its Orquideas project, where JOGMEC is earning into 70% ownership. Condor – El Hito Drill Results All four drill holes cut significant intervals of copper mineralization, including 627 metres grading 0.20% copper and 42 ppm molybdenum for a copper equivalent grade of 0.21% in EH22-03. Most of the copper and molybdenum mineralization is hosted in phyllic-altered quartz-diorite porphyry. These rocks were intersected as drill holes probed for the potassic core of the porphyry copper-molybdenum system, where higher grades may be expected. A compilation of the data suggests that the potassic core may well be located below the base of the current drilling, or possibly to the north or northeast, where |
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