Lumina Gold Corp. is pleased to announce that it entered into a precious metals purchase agreement with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. in relation to its 100% owned Cangrejos gold-copper project located in El Oro Province, Ecuador on May 16, 2023. The Gold Stream initially represents 6.6% of the payable gold produced from the Project in exchange for [...]
Lumina Gold Corp. is pleased to announce it has received positive results from the Preliminary Feasibility Study, prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, for its 100%-owned Cangrejos Project. The work that was completed as the basis for the PFS was managed by Ausenco Engineering Canada, along with oversight and input from Lumina's representative, MTB [...]
Highlights include: Achieved 84% gold recoveries on the Master Composite versus a recovery of 82% in the 2020 PEA Simplified flowsheet with the elimination of saprolite / sap-rock material and the elimination of the molybdenum concentrate circuit Ausenco-led Pre-Feasibility Study is on schedule for completion in Q2 2023 Lumina Gold Corp. is pleased to announce positive results from its ongoing metallurgical test work that [...]
Lumina Gold Corp. announces the results of its annual general and special meeting of shareholders held on December 15, 2022 in Vancouver. Lumina's shareholders voted in favour of each of the matters considered at the Meeting, including: Electing each of Marshall Koval, Lyle Braaten, Donald Shumka, Michael Steinmann, Stephen Stow and Heye Daun as directors of the Company to hold office for the ensuing year; Appointing [...]
Lumina Gold Corp. is pleased to announce that it is proposing to amend its unsecured credit facility with the Company's largest shareholder, Ross Beaty. Key amendments and terms below: Facility will increase from C$10.0 million to C$15.0 million. The Facility's term will be extended from July 5, 2023 to December 31, 2023. The Facility matures on the earlier of: December 31, 2023, two business days after the Company [...]
Lumina Gold Corp. announces that it has granted incentive stock options under the Company's stock option plan to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 9,255,000 common shares of the Company. The options are exercisable at a price of $0.405 per share and will expire on November 18, 2027. 9,130,000 of the options will vest in three equal parts over the first [...]
Gran Bestia drilling highlights include: C22-235: 0.91 g/t gold equivalent over 282 metres from 156 metres C22-239: 0.79 g/t gold equivalent over 454 metres from surface C22-G10: 0.83 g/t gold equivalent over 450 metres from surface Including a 118-metre interval from 10 metres down hole of 1.59 g/t gold equivalent Lumina Gold Corp. is pleased to announce the remaining results from the 2021-2022 drilling campaign in [...]
Highlights include: Completed the 2021/2022 drill campaign with over 36,000 metres drilling. Gran Bestia Long intercepts in seven ridge holes expected to add mineral resources, open in all directions C22-225: 0.76 g/t gold equivalent over 287 metres C22-214: 0.72 g/t gold equivalent over 126 metres Cangrejos C22-226: 0.70 g/t gold equivalent over 222 metres - open to southwest and to depth C22-222: 1.23 g/t gold [...]
Highlights include: Hole C22-200 - Gran Bestia 0.70 g/t gold equivalent over 144 metres from 206m - one of six significant intercepts in -45 degree hole Extends higher grade Gran Bestia breccia to the north - mineralization remains open in this direction Extends mineralization 100m below PEA resource estimate constraining pit shell Significantly higher grade than predicted by PEA resource estimate model Hole C22-199 [...]
Lumina Gold Corp. is pleased to announce that it has entered into an agreement with the Company's largest shareholder, Ross Beaty to establish a C$10.0 million unsecured credit facility . The Facility will provide short-term financing for remaining drilling costs, Pre-feasibility Study costs, and general corporate and working capital purposes. The Facility bears interest of 10.0% per annum and matures on the earlier of [...]
Highlights include: Hole C22-187 - Gran Bestia 0.82 g/t gold equivalent over 336 metres from surface Including 1.12 g/t gold equivalent over 60 metres and 1.68 g/t gold equivalent over 12 metres Extends existing higher-grade breccia area to northeast Hole C22-185 - Cangrejos Five intervals above cut-off grade total 318 metres in a 410 metre interval from surface in a vertical hole Including 1.39 g/t gold equivalent over [...]
Highlights include: Hole C22-179 - Highest grade gold intercept in project's history: 10 metres grading 19.33 g/t gold Hole C22-181 - 280m from surface grading 0.99 gold equivalent at Gran Bestia, open to the north and northwest Intercept is from an outcropping high grade breccia body that is significantly larger than previously modelled Lumina Gold Corp. is pleased to announce results from fifteen drill holes at its [...]
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