Luna Gold Corp.: Aurizona Gold Mine Third Quarter Production Update
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/07/11 -- Luna Gold Corp. (TSX VENTURE: LGC) ('Luna' or the 'Company') is pleased to announce its gold production update for the Aurizona Gold Mine for the quarter ending September 30, 2011.
Gold Production for the third quarter was an Aurizona record of 13,473 ounces.
Luna's President & CEO, John Blake, comments, 'Luna Gold is pleased with gold production for this quarter, continuing to demonstrate consistent positive improvement in productive capacity at Aurizona, which consolidates our recent production estimates.'
The production for Q3, 2011 has satisfied the 'Completion Guarantee' in the agreement with Sandstorm Gold exceeding the three month production minimum whereby Luna Gold was required to produce 12,500 ounces of gold in a three month period before April 2012.
Table of Production for Q3 2011:
July to September Qtr 2011
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Processed ore - tonnes 393,157
Average grade processed - g/t 1.27
Average recovery rate % 84
Gold produced (ounces) 13,473
-- Note - These production statistics are unaudited and may be subject to
change.
About Luna Gold Corp.
Luna is a gold production and exploration Company engaged in the exploration and development of gold deposits and advanced stage gold exploration projects in Brazil. The Company is producing gold at its Aurizona gold mine in Maranhao, Brazil.
On behalf of the Board of Directors
LUNA GOLD CORP.
John Blake - President and CEO
Regulatory Footnotes
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the United States Securities Act of 1933 and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Statements
This release contains certain forward looking statements. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Luna Gold Corp.'s periodic filings with Canadian Securities Regulators. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
Neither 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 release.
Contacts:
Luna Gold Corp.
Investor Relations
(604) 558-0560
(604) 558-0561 (FAX)
www.lunagold.com
