Lumina Gold Hits the Longest Continuous Intersection To Date, Opens Gran Bestia to the North
11 Avril 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 (C19-104 to
C19-106) represent approximately 1,400 metres of drilling. The
results include two holes from the Gran Bestia Deposit and one from
the Cangrejos Deposit.
Hole C19-105 at Gran Bestia stepped out on the
northern edge of the anomaly and remained in mineralization from
its collar to termination at 626-metres depth, making it the
longest continuous interval of mineralization ever cut at the
Cangrejos Project. The hole ended in mineralization and leaves the
Gran Bestia Deposit open to the north for expansion and further
discovery.
Hole C19-104 at Gran Bestia was drilled to the
southeast along the southern margin of the Gran Bestia surface
geochemical anomaly to determine the extent of mineralization and
breccia in that direction. The hole stayed in lower-grade
mineralization for 148 metres before exiting the system.
Hole C19-106 at Cangrejos was drilled to the
northwest along the northern boundary of the main Cangrejos
resource and cut two significant intervals of mineralization to a
depth of 272 metres prior to leaving the principal deposit.
Drill Intercept Summary
Hole Number |
Deposit |
From |
To |
Interval |
Au Grade |
Cu Grade |
Azimuth |
Dip |
Type |
(m) |
(m) |
(m) |
(g/t) |
(%) |
(°) |
(°) |
C19-104 |
Gran Bestia |
0 |
148 |
148 |
0.35 |
0.06 |
150 |
-70 |
Step-out |
And |
|
188 |
200 |
12 |
0.27 |
0.04 |
|
|
|
C19-105 |
Gran Bestia |
0 |
626 |
626 |
0.62 |
0.11 |
330 |
-45 |
Step-out |
Incl |
|
224 |
310 |
86 |
1.14 |
0.13 |
|
|
|
Incl |
|
510 |
596 |
86 |
0.93 |
0.18 |
|
|
|
C19-106 |
Cangrejos |
0 |
150 |
150 |
0.41 |
0.09 |
330 |
-45 |
Step-out |
And |
|
166 |
272 |
106 |
0.47 |
0.07 |
|
|
|
And |
|
290 |
336 |
46 |
0.27 |
0.03 |
|
|
|
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 11.9 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.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/21f80892-eba9-4af6-b9df-de699fe27fee
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 Labs' 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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