Highlights: Additional investment of US$25M towards exploration expenditure and US$2.4M in cash payments to earn-in and retain 51% ownership stake in the joint venture company holding Pegasus A & B US$3.9M of the US$25M invested in exploration expenditure as of December 31, 2021 Drilling planned to commence in H2 2022 VANCOUVER, BC, Feb. 22, 2022 [...]
Key Takeaways: Los Cuyes West target drilled in order to find high-grade shallow mineralization adjacent to the existing Los Cuyes resource - results pending Camp northwest underground extension target drilled - results pending Camp deposit lateral and deep step-out targets have been developed Los Cuyes deep porphyry target advanced to drill stage [...]
Highlights: Luminex's ownership on its five mineral deposits rises to 98.7% from 90.0% Increased ownership resulted from capitalization of existing inter-company loans Luminex Resources Corp. is pleased to announce the increase of its ownership interest on certain concessions within its Condor project. Luminex's move from 90.0% to 98.7% ownership [...]
Luminex Resources Corp. is pleased to announce that on December 29, 2021, it entered into a binding interim agreement for an earn-in and joint venture with Japan Oil, Gas and Metals National Corp, on Luminex's Orquideas mineral concession in Ecuador. JOGMEC has the right to earn a 70% ownership interest in Orquideas by investing an aggregate US$7 [...]
Luminex Resources 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 1,387,000 common shares of the Company. The options are exercisable at a price of $0.51 per share and will expire on November [...]
Highlights: TARQ1D: 685 metres from surface grading 0.19% copper and 18 ppm molybdenum; including 186 metres at 0.29% copper and 11 ppm molybdenum from surface TARQ2D: 635 metres grading 0.16% copper and 62 ppm molybdenum from 56 metres TARQ3D: 690 metres of mineralization over 704 metres; 380 metres of 0.15% copper and 20 ppm molybdenum from 36 [...]
Anglo American has made its scheduled 2021 cash payment of US$500,000 The cash payment and exploration expenditures to date give Anglo American a 25% project interest Anglo American has restarted field and community programs at Pegasus A Luminex Resources Corp. is pleased to announce receiving its 2021 cash payment of US$500,000 from Anglo American [...]
Highlights: The Hapa "Bullseye" target is a 1 km diameter coincident soil copper/molybdenum anomaly Part of a trend of porphyry copper systems discovered in western Cascas Rock chip and channel samples assaying as high as 1.29% copper and 0.33% molybdenum Luminex Resources Corp. is pleased to announce the discovery of a new porphyry copper target [...]
Luminex Resources Corp. announces the results of its annual general meeting of shareholders held on September 21, 2021 in Vancouver. Luminex's shareholders voted in favour of each of the matters considered at the Meeting, including electing each of Marshall Koval, Lyle Braaten, Donald Shumka, David Farrell and John Wright as directors of the [...]
Luminex Resources Corp. is pleased to announce it has received positive results from the Preliminary Economic Assessment, prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, on a portion of its 90%-owned Condor Project comprised of the Los Cuyes, Soledad, Enma and Camp deposits, located in Zamora [...]
Luminex Resources Corp. is pleased to provide an update on progress at the Condor and Cascas projects, both located in Ecuador. Condor Project Nayumbi Target: Luminex has begun drilling the first hole of a programmed 2,000-metre drill program designed to test the depth extent of the high-grade, low sulphidation gold system identified at surface [...]
Nayumbi Highlights: Newly discovered epithermal gold target with widespread hydrothermal breccias containing up to 80g/t gold in rock chip samples. Strong geological, geochemical and geophysical similarities to Lundin Gold's Fruta del Norte gold deposit, located 45km north-northeast in the same mineral belt. On 100% owned portion of Luminex's [...]