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Bullboard - Stock Discussion Forum Lumina Copper Corp LCPRF

GREY:LCPRF - Post Discussion

Lumina Copper Corp > Update from Canaccord
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Post by Helios on Aug 11, 2011 9:10pm

Update from Canaccord

Here is an update from the Canaccord analyst who is covering LCC.


Lumina Copper* (LCC : TSX-V : $6.16), NetChange: 0.01, % Change: 0.16%, Volume: 33,580

Who's down with LCC? Yeah, youknow...Lumina Copperannounced another round of exceptional drill intercepts on its100%-
owned Taca Taca Cu-Au-Mo project inArgentina. Recent results show longer, higher-grade intervals extending deeperthan
expected. Hole TTBJ11-26intersected 578 m grading 0.64% copper, 0.16 g/t gold, and 0.02% moly (0.85%copperequivalent).
A Bay Street analyst noted that the drillprogram to test the concept of deeper mineralization is bearing fruit, witha
larger project perhaps hitting theradar screen for large international mining companies looking for largeporphyry
systems. According to thecompany, the drill program is focused on defining a higher-grade zone within theknown 43-101
compliant mineralresource as well as expanding known mineralization at depth and to the north.While Taca Taca is early
stage, the October 2008 inferred resourceof 841 million tonnes of 0.47% copper, 0.11 g/t gold, and 0.018% moly,which
amounts to 8.7 billion poundsof copper, 2.97 million ounces of gold, and 334 million pounds of moly couldstill grow in size.
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