Luna Gold Corp Updates Proven and Probable Mineral Reserve to 2.36 Million Ounces at Piaba Deposit

Luna Gold Corp. (TSX:LGC,OTCQX:LGCUF) announced that they have updated  Proven and Probable Reserves for its Aurizona Gold Mine in Brazil.

As quoted in the press release:

• Piaba deposit Proven and Probable mineral gold Reserve of 2.36 million ounces including 56 million tonnes of ore with life of mine average 1.32 grams of gold per tonne
• New reserve represents a 222% increase in Proven and Probable Reserves when compared to the Piaba July 2010 Reserve statement
• Piaba deposit reserves are contained within Aurizona property, which also contains Measured and Indicated gold Resources of 3.63 million ounces with inferred resource of 1 million ounces of gold

Luna Gold’s President and CEO, John Blake, said:

Luna Gold is very pleased to announce this substantial increase in reserves at Piaba. The April 2013 Reserve, when combined with the current Phase I expansion, will lead to greater than anticipated gold production at Aurizona.

To view the whole press release, click here.