Post by
thedave2006 on Dec 14, 2011 8:52am
News: More great drilling results
billions of lbs of copper and millions of ozs of gold.
Lumina Intersects 580 Meters Grading 1.10% Copper Equivalent Including 78 Meters Grading 1.89% Copper Equivalent at its Taca Taca Copper-Gold-Molybdenum Project, Argentina
Press Release: Lumina Copper Corp. – 19 minutes ago
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......VANCOUVER, BRITISH COLUMBIA--(Marketwire -12/14/11)- Lumina Copper Corp. (TSX-V: LCC.V - News) (the "Company") is pleased to announce results from 11 new holes (holes TT11-50 - TT11-60) drilled as part of the ongoing exploration and development program at its 100% owned Taca Taca copper/gold/molybdenum deposit located in Salta province, Argentina. Results are highlighted by in-fill hole 57, drilled within the known higher grade supergene zone, that intersected 580 meters grading 0.88% copper, 0.18g/t gold and 0.02% molybdenum (1.10% copper equivalent(1)), including 78 meters grading 1.60% copper, 0.29g/t gold and 0.02% molybdenum (1.89% copper equivalent) and hole 52, drilled as a step-out along the northeastern boundary of the deposit, that intersected 590 meters grading 0.57% copper, 0.06g/t gold and 0.01% molybdenum (0.66% copper equivalent) including 104 meters grading 1.62% copper, 0.12g/t gold and 0.02% molybdenum (1.81% copper equivalent).
Holes 52, 53, 58 and 59 are 150 meter step-out holes from those drill holes used to define the northeastern boundary of mineralization in the updated National Instrument 43-101 ("NI 43-101") mineral resource estimate. Hole 50 is a 150 meter step-out hole to the west and north of those drill holes used to define the northern boundary of mineralization in the updated NI 43-101 mineral resource estimate.
In the south, holes 51, 56 and 60 have further defined the NI 43-101 mineral resource estimate in this zone. Holes 51 and 56 intersected lower than expected grades suggesting the zone may either be narrower than previously thought, or trends further to the west. Hole 60, an infill hole located to the north and west of 51 and 56, intersected exceptional copper grades related to supergene enrichment including 132 meters grading 1.62% copper, 0.10g/t gold and 0.02% molybdenum (1.80% copper equivalent) within an overall mineral intersection of 376 meters grading 0.88% copper, 0.11g/t gold and 0.02% molybdenum (1.06% copper equivalent). Hole 60 contains the highest copper grades found to date in the southern portion of the resource area.
The latest drill results have also identified new areas of oxide gold in the leached cap. Hole 53, drilled along the northeastern boundary of the NI 43-101 oxide gold resource estimate intersected 180 meters grading 0.26 g/t gold while holes 51 and 56 both intersected gold mineralization beyond the southeastern boundary of the NI 43-101 oxide gold resource estimate.
Details of the relevant intercepts from the latest 11 holes are shown in the table below with locations shown in the map attached:
cheers,
dave.