Lumina Gold CEO Marshall Koval joined Steve Darling from Proactive to share some exciting developments from the 2023 Phase 1 mining resource conversion drilling campaign at the Cangrejos Project in Ecuador. This drilling campaign extended its scope to include resource drilling at both the Cangrejos and Gran Bestia deposits, marking a significant step in Lumina Gold's ongoing exploration efforts. One standout result that Koval emphasized was from hole C23-253, where a 2-meter section from 40 to 42 meters exhibited an astonishingly high-grade gold assay of 580 g/t.
This impressive find underscores the project's tremendous potential and further bolsters Lumina Gold's position in the region. The drilling campaign's successful completion is particularly crucial as it supports various key aspects of the ongoing Feasibility Study. These include a revised resource estimate, pit slope design, and extensive metallurgical testing, which now includes High-Pressure Grinding Roll testing. All these elements combined represent a comprehensive approach to advancing the Cangrejos Project to its full potential. These highly promising assays not only highlight the substantial value hidden beneath the surface but also indicate that Lumina Gold is well on its way to unlocking the full potential of the Cangrejos Project. The company's commitment to meticulous exploration and resource development serves as a testament to its dedication to realizing this exceptional opportunity in the world of mining and precious metals.