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Bullboard - Stock Discussion Forum Luna Gold LGCUD

Metals & Mining Gold Industrial Metals & Minerals
Luna Gold Corp was incorporated under the laws of the Province of British Columbia, Canada, on June 24, 1986 under the name Belcarra Resources Ltd. The Company is engaged in the business of mineral exploration, mine development and mine operation. It explores, develops and operates gold properties in Brazil. The Company currently has one producing gold mine, several brownfields exploration... see more

OTCPK:LGCUD - Post Discussion

Luna Gold > NEWS- Luna Gold Provides an Operational and Corporate Update
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Post by 1option1 on Feb 17, 2015 7:22am

NEWS- Luna Gold Provides an Operational and Corporate Update

  • Luna Gold Provides an Operational and Corporate Update

    VANCOUVER, BC--(Marketwired - February 17, 2015) - Luna Gold Corp. (TSX: LGC) (LMA: LGC) (OTCQX: LGCUF) ("Luna" or the "Company") provides an update on operation and corporate activities.Operation UpdateThe Company has commenced the process of suspending mining operations at Aurizona by February 15. On completion of mining operations, the ore stockpile will have approximately 470,000 tonnes of mixed soft and hard saprolite ore with an average head grade of 1.12 grams per…Read More

Comment by winteractionables on Feb 17, 2015 11:17am
It looks like they must have gotten a couple extra dry weeks in, as 800,000 tonnes of 1.10-gram material is ready. In October, they were shooting for 485,000-630,000 tonnes of 1.20-gram.
Comment by Streicher on Feb 17, 2015 12:26pm
This sounds terminal to me.  Unless the gold price unexpectedly improves, Aurizona will be closed by this time next year. IMO.
Comment by TruthCSI on Feb 19, 2015 4:09pm
I can see a number of potential transactions taking place. It is rare to find a good asset like this one. 
Comment by westlander168 on Feb 22, 2015 7:31pm
sb is collecting it with patience
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