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Author: RCFS Web

Red Cloud | redcloudfs.com

Lumina Gold Corp. (TSXV:LUM) – Highest-Grade Gold Intercept to Date Reported at Cangrejos

Lumina Gold (LUM) reported drilling results at its 100%-owned Cangrejos project in Ecuador. These results are from 15 holes which largely consisted of infill drilling, including six from the Cangrejos deposit and nine from Gran Bestia. In our view, while infill drilling rarely yields surprises, these results include several holes that encountered gold grades well above the resource grade (0.73 g/t AuEq Indicated, 0.53 g/t AuEq Inferred). This is true of both the breccia in Gran Bestia and the high-grade vein in the Cangrejos deposit. Moving forward, if drilling continues to demonstrate the continuity of these higher-grade pockets, they could significantly boost project economics.

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