LUMNX RES CO The drill hole targeted the down dip extension of a steeply dipping, structurally controlled mineralized zone. The hole was designed to intercept the structure approximately 160 metres below surface. The 17.6 metre zone started 278.4 metres down hole and had grades of 2.91 g/t gold and 15.23 g/t silver (3.09 g/t AuEq), with an internal zone of 8.6 metres grading 5.10 g/t gold and 24.85 g/t silver (5.39 g/t AuEq).
The hole was also designed to confirm known mineralization within the Los Cuyes breccia pipe resource before extending into untested wall rock beyond. It succeeded in intercepting a 140.35 metre-long interval of lower-grade mineralization commencing from six metres down hole, with grades of 0.42 g/t gold and 4.33 g/t silver (0.47 g/t AuEq).
About
Contact:
Tel: +1 604 646 1899
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include, but are not limited to, statements regarding future drilling and work programs and potential impacts on future economic studies. Often, but not always, forward-looking statements or information can be identified by the use of phrases or statements that certain actions, events or results 'will' occur or be achieved.
With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of gold and copper, and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions) and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
(C) 2022 Electronic News Publishing, source
