Luminex Resources Corp. is pleased to announce confirmation of a new gold-silver epithermal structure at its Condor North project in southern Ecuador: the Ruiz structure. Hole CU22-05 drilled through the expected mineralized structure at Cuyes West and was extended by Company geologists to test this new structure. The Cuyes West structure dips [...]
Highlights: CU22-03 - 4.0 metres of 5.5 g/t Au Eq CU22-04 - 4.0 metres of 7.7 g/t Au Eq CU22-05 - Intercepted Cuyes West structure and a new mineralized structure; assays pending Luminex Resources Corp. is pleased to announce that after assay results from four of five completed holes, it has drill-delineated at least 200 metres of strike length at [...]
Drilling Highlights: TARQ4D - 0.32% copper equivalent over 218 metres from surface TARQ10D - 0.18% copper equivalent over 72 metres from 72 metres down hole Luminex Resources Corp. would like to provide an update on its Tarqui project, where BHP Group Limited has completed its Phase 2 drill program that commenced in late 2021, pursuant to a July [...]
Highlights: Potential higher-grade copper-molybdenum porphyry core discovered to the north of previous drilling. Rock chip sampling has delineated an area approximately 320 metres in diameter where rock chip sampling mostly exceeds 0.4% copper. The anomaly is coincident with bornite and potassic alteration, both of which are characteristic of a [...]
Luminex Resources Corp. is pleased to announce it has resumed drilling at Condor North, the gold-silver epithermal area of Condor, which was the basis of the 2021 Preliminary Economic Assessment. Initially, the drilling will target the new high-grade discovery adjacent to the Los Cuyes open pit mineral resource . An additional 1,500 metres, over a [...]
Luminex Resources Corp. is pleased to announce that it has closed its previously announced non-brokered private placement . A total of 23,690,000 units were issued at a price of C$0.38 per Unit , for aggregate gross proceeds of approximately C$9.0 million . Each Unit was comprised of one common share of the Company and one-half of one Common Share [...]
Luminex Resources Corp. is pleased to report it is upsizing its private placement that was announced on April 6, 2022. The non-brokered private placement will now be up to 23,690,000 units at a price of C$0.38 per Unit , for aggregate gross proceeds of up to C$9.0 million. Each Unit shall be comprised of one common share of the Company and one-half [...]
Luminex Resources is pleased to announce that it has signed a binding agreement with Corporación Nacional del Cobre de Chile to acquire its 100% owned Chalapo concessions in the Loja province of Ecuador for US$60,000 of consideration and a 1.0% NSR. 0.5% of the NSR can be purchased by Luminex for US$5.0 million before the year 2030. Leo Hathaway [...]
Luminex Resources Corp. is pleased to announce that it plans to conduct a non-brokered private placement of up to 21,000,000 units at a price of C$0.38 per Unit, for aggregate gross proceeds of up to C$8.0 million. Each Unit shall be comprised of one common share of the Company and one-half of one Common Share purchase warrant of the Company. Each [...]
Luminex Resources Corp. is pleased to announce that it has discovered high-grade gold and silver mineralization in an un-tested area immediately west of the Los Cuyes mineral resource. The drill hole targeted the down dip extension of a steeply dipping, structurally controlled mineralized zone. The hole was designed to intercept the structure [...]
Luminex Resources is pleased to announce that it has commenced drilling the first hole at Orquideas as part of the JOGMEC earn-in on the project. The total planned drill program will consist of 2,500 m across five holes. The targets represent a mix of geological, geochemical and geophysical anomalies. Host rock alteration and structure, as [...]
