| Announcement Date: | 2023-01-10 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Luminex Resources Corp. |
| Project name: | Condor |
| Location: | Ecuador |
| Commodities: | Gold,Silver |
| Highlight: | Drilling results incl. 137m at 1.08g/t Au, 9.2g/t Ag from 22m |
| 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 drill results from six holes at the Camp deposit, part of the Condor North project area. The drill holes are from the ongoing infill and step-out program aimed at increasing and enhancing the 2021 Preliminary Economic Assessment (“PEA”) resource of the Camp deposit. Hole CC19-02 was deepened from its original length (295.7 metres) based on a better understanding of the deposit and the Company’s modeling, which showed a strong probability of more mineralization at depth. The extension proved extremely successful, yielding an intersection of 15.4 metres grading 5.25 g/t Au Eq and substantial additional mineralization higher up in the hole |
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