Lumina Gold Corp (TSX-V:LUM, OTCQX:LMGDF) has released an additional set of drill results from its Cangrejos project in Ecuador that showed strong mineralized grade continuity beyond the current preliminary economic assessment pit limits.
The company drilled 1.11 grams per ton (g/t) gold equivalent over 260 metres in one hole, and 1.55 g/t gold equivalent over 184 metres, including 1.98 g/t over 126 metres.
To date, 27 drill holes have been completed and six drill holes are in progress, for a total of 11,785 metres.
READ: Lumina Gold shares positive drill results from first two holes on Cangrejos cold-copper deposit in Ecuador
Lumina said that six drill rigs are currently on site and two additional drill rigs are set to join the campaign at the end of March. One of the new drill rigs will initially be dedicated to geotechnical and hydrological drilling in support of the pre-feasibility study, the company added.
Three of the holes were drilled in the western and central portions of the Cangrejos deposit, where high grades largely occur within intrusive and hydrothermal breccias, Lumina told investors.
Another hole contained mineralization that continued laterally beyond the pit limits defined by the 2020 preliminary economic assessment.
Cangrejos is a copper-gold project in southwest Ecuador that Lumina says is the largest primary gold deposit in Ecuador.
Vancouver-based Lumina is a precious and base metals exploration and development company primarily focused on Cangrejos.
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