The Prospector News

Lumina Gold Announces Cangrejos Drill Results; Including 1.13 g/t Au and 0.17% Cu Over 346 Metres

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

 

 

 

 

 

Lumina Gold Corp. (TSX-V: LUM) (OTC: LMGDF) is pleased to announce additional drill results from the Cangrejos infill, step-out and depth extension program. These three holes (C18-90 to C18-92) represent the most recent results from the 2018 drill program, which has totaled approximately 8,800 metres over 22 holes. The Company is continuing to drill at the property and has just completed hole number C18-94.

 

 

Hole C18-90 was a vertical-hole that stepped out approximately 50 metres from the edge of the 2017 deep discovery zone. The drill hole cut one of the longest zones of continuous mineralization ever drilled at Cangrejos, 346 metres averaging 1.13 g/t gold and 0.17% copper. The closest hole in that zone is the previously released C17-58 that cut 126 metres grading 3.64 g/t gold and 0.54% copper from 292 metres within a broader interval of 305 metres averaging 1.90 g/t gold and 0.30% copper from 286 metres.

 

 

Hole C18-91 successfully tested the northeasterly continuity of the mineralization within the central-northeast quadrant of the resource and cut multiple intercepts from 46 metres to 364 metres, as detailed in the table below.

 

 

Hole C18-92 was added to the drill program after hole C18-78 intercepted 90 metres averaging 1.27 g/t gold and 0.11% from surface. The drill hole was inclined to the southeast in order to extend the known mineralization in this direction. C18-92 cut two intervals between 106 metres and 270 metres, as detailed in the table below. Holes C18-93 and C18-94 were subsequently drilled as further northeasterly step-out holes to C18-92, which advanced the drilling into an unexplored area of the deposit. The results from these two holes are pending.

 

 

A photo accompanying this announcement is available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/ea6ce614-166e-47aa-b749-ceae8247e753

 

 

Summary Drill Results

 

 

Hole
Number
From To Interval Au Grade Cu Grade Azimuth Dip Type
(m) (m) (m) (g/t) (%) (°) (°)
C18-90 70 96 26 0.59 0.05 330 -90 Infill
And 208 224 16 0.35 0.02      
And 248 282 34 0.44 0.05      
And 296 642 346 1.13 0.17      
Including 386 418 32 2.50 0.40      
                 
C18-91 46 64 18 0.61 0.10 330 -71 Infill
And 100 226 126 0.86 0.09      
Including 172 210 38 2.06 0.16      
And 328 364 36 0.38 0.08      
                 
C18-92 106 126 20 0.42 0.14 150 -81 Step-out
And 140 270 130 0.42 0.12      
                 

 

Note: Intervals in the reported holes are calculated using a cut-off of 0.2 g/t Au with maximum internal dilution of ten continuous metres. The highest gold value used in the reported weighted averages is 6.77 g/t Au. Above cut-off intervals of less than 15m are not reported. In addition to the above results there were multiple intercepts of lower-grade material in the drill holes.

 

 

Quality Assurance

 

 

All Lumina sample assay results have been independently monitored through a quality control / quality assurance program including the insertion of blind standards, blanks and pulp and reject duplicate samples. Logging and sampling are completed at Lumina’s secure facility located at the Cangrejos project. Drill core is sawn in half on site and half drill-core samples are securely transported to ALS Lab’s sample preparation facility in Quito, Ecuador. Sample pulps are sent to Lima, Peru for analysis. Gold content is determined by fire assay of a 30 gram charge with total copper content determined by four-acid digestion with ICP finish. ALS Labs is independent from Lumina.

 

 

Lumina is not aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein.

 

 

Qualified Persons

 

 

Leo Hathaway, P.Geo, Senior Vice President of Lumina and the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects for the Cangrejos project has reviewed, verified and approved the contents of this news release.

 

 

About Lumina Gold

 

 

Lumina Gold Corp. is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper project located in El Oro Province, southwest Ecuador. Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

 

Posted October 23, 2018

Share this news article

MORE or "UNCATEGORIZED"


Bonterra Intersects 26.6 g/t Au over 5.2 Metres at Gladiator Expanding a Previously Discovered Subparallel Vein Along the Main Zone

Bonterra Resources Inc. (TSX-V: BTR) (OTCQX: BONXF) (FSE: 9BR2) i... READ MORE

January 14, 2021

New Found Intercepts 18.1 g/t Au over 6.5m including 38.7 g/t Over 2.95m in New "Sunday Zone" Discovery in the Appleton Fault Hanging Wall, 2 km North of Keats Zone

New Found Gold Corp. (TSX-V: NFG) (OTC: NFGFF) is pleased to anno... READ MORE

January 14, 2021

AABB - Asia Metals Completes $82 Million Sale Of Guerrero Gold Belt Mine And Facilities In Mexico To Joint Venture Partner

Asia Broadband Inc. (OTC : AABB), through its wholly owned subsid... READ MORE

January 14, 2021

Blue Star Gold Drills 14.95 g/t over 13.80 Metres at the Flood Zone on Its Ulu Gold Property

Blue Star Gold Corp. (TSX-V: BAU) (FSE: 5WP) announces the final ... READ MORE

January 14, 2021

Blackrock Core Drilling Confirms Thick Vein at Victor Target Reporting Multiple Significant Intercepts and Outlines 2021 Exploration Program at Tonopah West

Blackrock Gold Corp.(TSX-V: BRC)  is pleased to announce more hi... READ MORE

January 14, 2021

Copyright 2021 The Prospector News