Lumina Gold Continues to Hit at Gran Bestia; 0.87 g/t Au and 0.09% Cu Over 198 Metres
28 Février 2019 - 1:30PM
Highlights:
Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the
“Company” or “Lumina”) is pleased to announce additional drill
results from the Cangrejos and Gran Bestia resource infill,
step-out and depth extension program. These three holes (C18-101 to
C19-103) represent approximately 1,530 metres of drilling and
represent the last results from 2018 drilling and the first two
holes completed in 2019. The results include two holes from the
Gran Bestia Deposit and one from the Cangrejos Deposit.
Hole C18-101 drilled on Cangrejos cut a massive,
locally mineralized intrusion of porphyry from surface to its final
depth of 531 metres. Further exploration and resource definition
drilling of the Cangrejos Deposit will focus in the vicinity of
this intrusion to the south, north and west where historic drilling
indicates the continued presence of mineralization.
Holes C19-102 and 103 from the Gran Bestia
Deposit both intersected multiple long intervals of gold and copper
mineralization. These holes continue to demonstrate significant
continuity to the mineralized breccia system present at this
exciting and growing exploration target. Expansion drilling is
ongoing.
Drill Intercept Summary
Hole Number |
Deposit |
From |
To |
Interval |
Au Grade |
Cu Grade |
Azimuth |
Dip |
Type |
(m) |
(m) |
(m) |
(g/t) |
(%) |
(°) |
(°) |
C18-101 |
Cangrejos |
4 |
38 |
34 |
0.32 |
0.06 |
330 |
-64 |
Infill |
|
|
186 |
238 |
52 |
0.21 |
0.03 |
|
|
|
|
|
466 |
510 |
44 |
0.66 |
0.09 |
|
|
|
C19-102 |
Gran Bestia |
0 |
70 |
70 |
0.27 |
0.09 |
330 |
-45 |
Expl. |
And |
|
82 |
280 |
198 |
0.87 |
0.09 |
|
|
|
Incl |
|
114 |
160 |
46 |
2.63 |
0.15 |
|
|
|
And |
|
316 |
402 |
86 |
0.34 |
0.04 |
|
|
|
And |
|
420 |
520 |
100 |
0.41 |
0.04 |
|
|
|
C19-103 |
Gran Bestia |
0 |
300 |
300 |
0.50 |
0.09 |
330 |
-60 |
Expl. |
Incl |
|
0 |
106 |
106 |
0.73 |
0.09 |
|
|
|
And |
|
322 |
468 |
146 |
0.30 |
0.09 |
|
|
|
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. Sampling is done in consistent,
continuous 2-metre intervals. The highest gold value used in the
reported weighted averages is 21.2 g/t Au. Above cut-off intervals
of less than 10 m are not reported. In addition to the above
results there were multiple intercepts of lower-grade material in
the drill holes.
Drill Hole Location Map is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/632d4fe0-2c67-42a4-99d7-74062c2910e6
Quality Assurance
All Lumina sample assay results have been
independently monitored through a quality control / quality
assurance ("QA/QC") 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. (TSXV: LUM) 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.
Further details are available on the Company’s
website at https://luminagold.com/.
LUMINA GOLD CORP. |
|
|
For
further information contact: |
Signed:
“Marshall Koval” |
Scott
Hicks |
|
shicks@luminagold.com |
Marshall Koval, President & CEO, Director |
T: +1 604
646 1890 |
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
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