Lumina Gold

Lumina Gold Announces Results from 19,000 metre Drill Program at Cangrejos; Including 85 metres Grading 2.42 g/t Gold Equivalent from Surface and Open to Depth

Highlights from 7,800 metre diamond hole (35-151 metres) Resource Conversion Drill Program:

  • Hole C23-265: 2.47 g/t gold equivalent over 85 metres from surface to end of hole.
  • Hole C23-302: 1.75 g/t gold equivalent over 113 metres from 2 metres to end of hole.
  • Hole C23-317: 1.86 g/t gold equivalent over 96 metres from surface to end of hole.
  • Highest gold assay ever on the project in hole C23-253, 2 metres from 40 to 42 metres grading 580 g/t Au.

Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce results from the 2023 Phase 1 mining resource conversion drilling campaign in support of the ongoing Feasibility Study ("FS") at its Cangrejos Project (the "Project") in Ecuador . Resource drilling comprised part of a larger drill campaign at the Cangrejos and Gran Bestia deposits which also included, metallurgical samples and geotechnical holes with subsequent hydrogeological testing in support of pit slope design. The 2023 drill program at the Project is summarized below in Table 1.

Marshall Koval , CEO and Director commented: "The completion of this drilling supports several key programs of the Feasibility Study. Work on the revised resource estimate, pit slope design metallurgical testing including High-Pressure Grinding Roll testing are now all underway. The assays from the resource infill program continue to demonstrate the exceptional continuity of grade at Cangrejos and are in line with expectations from previous drilling and studies."

Table 1: 2023 Drill Program Summary


Resource
Conversion

Pit Slope
Geotechnical

Metallurgical
Twin Holes

Hydrogeological

Pump Testing

Totals

Cangrejos

Total # of holes

91

10

9

6

116

Total metreage

7,786

3,729

1,668

215

13,399

Shallowest hole (m)

35

180

56

27


Deepest Hole (m)

151

600

290

69


Gran Bestia

Total # of holes

n/a

10

7

n/a

17

Total metreage

n/a

4,142

1,397

n/a

5,539

Shallowest hole (m)

n/a

150

100

n/a


Deepest Hole (m)

n/a

663

265

n/a


Overall

Total # of holes

91

20

16

6

133

Total metreage

7,786

7,871

3,065

215

18,938

Cangrejos Drill-Hole Results

Highlights of the 2023 Project resource conversion program are provided in Table 2, and the corresponding intercepts are highlighted in Figures 1 and 2. A complete listing of results from the 2023 Project resource conversion program is provided in Annex 1.

Table 2: Highlighted Drill Results

Hole

Number

From

(m)

To

(m)

Interval

(m)

Au Grade

(g/t)

Cu Grade

(%)

Au Eq.

(g/t)

Total

Depth

(m)

Comments

C23-252

6.0

45.0

39.0

2.50

0.31

2.94

45

Open to depth

C23-253

4.0

54.0

50.0

23.48

0.09

23.64

85

Incl. 2m grading 580g/t Au - uncut

or

4.0

54.0

50.0

3.08

0.09

3.24

85

2m grading 580g/t Au cut to 70g/t

C23-265

0.0

85.0

85.0

2.09

0.24

2.47

85

Open to depth

C23-269

0.0

115.0

115.0

1.02

0.24

1.37

115

Open to depth

C23-270

0.0

70.0

70.0

1.14

0.13

1.38

70

Open to depth

C23-275

0.0

91.0

91.0

1.76

0.13

1.97

91

Incl. 2m grading 16.4g/t Au - uncut

C23-302

2.0

115.0

113.0

1.50

0.16

1.75

115

Open to depth

C23-306

0.0

70.1

70.1

1.12

0.12

1.31

70.1

Open to depth

C23-312

0.0

76.0

76.0

1.40

0.17

1.65

76

Open to depth

C23-316

0.0

76.0

76.0

1.24

0.19

1.52

76

Open to depth

C23-317

0.0

96.0

96.0

1.48

0.27

1.86

96

Open to depth

Note: Minor contributors to Au Eq. calculation, silver and molybdenum are not included in this table but are provided in Annex 1. Intervals in the reported holes are calculated using a cut-off of 0.2 g/t Au with maximum internal dilution of ten continuous metres. A 70g/t Au top cut was applied for the interval noted in the comments section. Sampling is done in consistent, continuous 2-metre intervals. Values assume 100% recovery of all quoted metals and the following prices were used to calculate Au Eq.: a gold price of US$1,500 per ounce, a copper price of US$3.00 per pound, a molybdenum price of US$7.00 per pound and a silver price of US$18.00 per ounce.


Figure 1. Geological map of infill drilling at the Cangrejos deposit with the surface trace of Phase 1 mining shown and intercepts in Table 2 highlighted. (CNW Group/Lumina Gold Corp.)

Figure 2. Isometric three-dimensional view of infill drilling at the Cangrejos deposit with Phase 1 mining shown and intercepts in Table 2 highlighted. (CNW Group/Lumina Gold Corp.)

Lumina Gold received the highest drill assay ever returned from the project in hole C23-253, where a 2-metre intercept from 40 to 42 metres graded 580 g/t Au, see Figure 1.

Figure 3. C23-253 at 43.35m, included in 2m sample grading 580 g/t Au: native gold with tourmaline blebs and patches in partially oxidised, bleached quartz diorite porphyry. Field of view approximately 8.5cm. (CNW Group/Lumina Gold Corp.)

Lumina is operating normally at the Project. The Company's activities have not been affected by the recent civil disturbances that have impacted other areas in Ecuador .

Quality Assurance

All Lumina sample assay results have been independently monitored through a quality control / quality assurance ("QA/QC") program that includes the insertion of blind standards, blanks and pulp and reject duplicate samples. Logging and sampling are completed at Lumina's secure facility located at the Project. Drill core is sawn in half on site and half drill-core samples are securely transported to ALS Labs' ("ALS") sample preparation facilities in Quito, Ecuador . Sample pulps are sent to ALS' chemical labs in Lima, Peru for analysis. Gold content is determined by fire assay of a 30-gram charge with total copper content determined by four-acid digestion with ICP finish. The lab is independent from Lumina.

Lumina is not aware of any drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data referred to herein.

Qualified Person

Leo Hathaway , P.Geo., Senior Vice President of Lumina and the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the Project has reviewed, verified, and approved the contents of this news release and has verified the data underlying the contents of this news release by review and supervision of, but not limited to, drilling procedures, chain of custody of core and samples, logging and sampling procedures and insertion of blind standards, blanks and pulp duplicates into the sample stream and running of check samples with an umpire laboratory; such that no limitations are known that would prohibit it being suitable for resource estimation.

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Follow us on: Twitter , Linkedin or Facebook .

Further details are available on the Company's website at https://luminagold.com/ . To receive future news releases please sign up at https://luminagold.com/contact .

Lumina Gold Corp.

Signed: "Marshall Koval"
Marshall Koval , President & CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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 or information with respect to potentially converting mineral resources to mineral reserves and future work programs and work on the FS. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, 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; 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.

Annex. 1: Drill result table – Complete 2023 Cangrejos Infill Resource Conversion Program Results. Intervals provided in Table 2. are shown in bold.

Hole
Number

From

(m)

To

(m)

Interval

(m)

Au
Grade

(g/t)

Cu
Grade

(%)

Ag
Grade

(g/t)

Mo
Grade

(ppm)

Au
Eq.

(g/t)

Total
Depth

(m)

Comments

C23-242

0.0

86.0

86.0

0.37

0.09

1.19

2

0.51

140.0

330 ° /-65 °

and

98.0

100.0

2.0

0.26

0.05

0.25

2

0.33



and

112.0

136.0

24.0

0.31

0.05

0.29

8

0.38



C23-243

0.0

2.0

2.0

0.37

0.01

21.00

1

0.64

85.2


and

10.0

14.0

4.0

0.31

0.03

9.75

1

0.46



and

52.0

70.0

18.0

0.25

0.09

0.72

1

0.38



C23-244

0.0

88.0

88.0

0.54

0.07

1.53

6

0.66

130.9

150 ° /-65 °

and

118.0

128.0

10.0

0.26

0.02

0.46

15

0.30



C23-245

4.0

18.0

14.0

0.33

0.06

12.59

2

0.55

45.1


and

30.0

45.1

15.1

0.25

0.15

1.23

2

0.47


Open to depth

C23-246

0.0

2.0

2.0

0.33

0.03

22.50

3

0.64

85.3


and

12.0

30.0

18.0

0.43

0.04

25.34

5

0.79



and

52.0

84.0

32.0

0.44

0.02

0.29

11

0.48



C23-247

14.0

16.0

2.0

0.95

0.04

1.30

1

1.03

75.4


and

26.0

58.0

32.0

0.27

0.12

1.97

5

0.46



C23-248

2.0

30.0

28.0

0.31

0.09

5.88

5

0.51

50.0


and

42.0

50.0

8.0

0.58

0.15

1.40

8

0.81


Open to depth

C23-249

0.0

35.1

35.1

0.47

0.17

3.10

9

0.75

35.1

Open to depth

C23-250

16.0

18.0

2.0

0.74

0.04

2.90

1

0.83

100.4


and

46.0

92.0

46.0

0.29

0.14

2.01

10

0.50



C23-251

0.0

86.0

86.0

0.44

0.05

2.14

6

0.53

90.1


C23-252

6.0

45.1

39.1

2.50

0.31

3.83

11

2.94

45.1

Open to depth

C23-253

4.0

54.0

50.0

3.08

0.09

2.46

4

3.24

85.2

2m sample grading
580g/t Au cut to 70g/t
Au

or

4.0

54.0

50.0

23.48

0.09

2.46

3

23.64

85.2

2m sample grading
580g/t Au - uncut

and

70.0

76.0

6.0

0.75

0.05

1.30

4

0.96



C23-254

0.0

100.1

100.1

0.68

0.05

1.90

18

0.78

100.1

Open to depth

C23-255

0.0

45.2

45.2

1.46

0.37

1.75

1

1.98

45.2

Open to depth

C23-256

16.0

48.0

32.0

0.42

0.09

8.49

8

0.64

76.0


and

64.0

66.0

2.0

1.68

0.06

0.25

6

1.76



C23-257

8.0

14.0

6.0

0.39

0.09

6.23

13

0.59

55.2


C23-258

0.0

48.0

48.0

1.09

0.06

4.81

8

1.22

85.4

Open to depth

and

62.0

85.4

23.4

0.69

0.04

0.33

37

0.77



C23-259

16.0

54.0

38.0

0.22

0.15

1.19

3

0.44

65.0


C23-260

0.0

2.0

2.0

0.37

0.05

0.25

2

0.44

75.3


and

8.0

10.0

2.0

0.33

0.01

0.50

1

0.35



and

52.0

62.0

10.0

0.23

0.05

0.30

24

0.32



C23-261

0.0

65.1

65.1

1.13

0.12

1.55

30

1.40

65.1

Open to depth

C23-262

8.0

10.0

2.0

0.57

0.07

1.20

2

0.67

75.3

330 ° /-85 °

Open to depth

and

26.0

75.3

49.3

0.24

0.09

0.42

15

0.37



C23-263

2.0

8.0

6.0

0.88

0.23

6.47

3

1.28

91.3

Open to depth

and

22.0

26.0

4.0

0.23

0.04

0.53

1

0.30



and

36.0

40.0

4.0

0.33

0.13

0.25

4

0.51



and

52.0

91.3

39.3

0.67

0.20

0.58

8

0.95



C23-264

12.0

24.0

12.0

0.34

0.10

0.79

7

0.49

90.2


and

82.0

84.0

2.0

0.26

0.12

0.70

70

0.45



C23-265

0.0

85.3

85.3

2.09

0.24

1.44

78

2.47

85.3

Open to depth

C23-266

0.0

115.1

115.1

0.83

0.18

0.57

10

1.09

115.1

Open to depth

C23-267

0.0

65.7

65.7

1.09

0.14

2.09

24

1.31

65.7

Open to depth

C23-268

2.0

22.0

20.0

0.25

0.14

0.86

1

0.46

55.1

150 ° /-50 °

and

46.0

54.0

8.0

0.24

0.08

0.61

3

0.35



C23-269

0.0

115.0

115.0

1.02

0.24

0.67

46

1.37

115.0

330   °   /-60   °

Open to depth

C23-270

0.0

70.0

70.0

1.14

0.13

4.70

40

1.38

70.0

Open to depth

C23-271

2.0

100.2

98.2

0.60

0.16

4.74

8

0.88

100.2

Open to depth

C23-272

0.0

100.0

100.0

0.87

0.14

0.63

19

1.07

100.0

150   °   /-50   °

Open to depth

C23-273

0.0

75.2

75.2

0.88

0.19

2.10

3

1.17

75.2

330 ° /-60 °

Open to depth

C23-274

0.0

65.5

65.5

0.57

0.09

0.68

15

0.72

65.5

150 ° /-75 °

Open to depth

C23-275

0.0

90.8

90.8

1.76

0.13

2.15

23

1.97

90.8

150   °   /-75   °

2m sample grading

C23-276

14.0

22.0

8.0

0.37

0.11

3.55

2

0.56

95.1


and

52.0

54.0

2.0

0.34

0.13

2.50

6

0.55



and

64.0

66.0

2.0

0.25

0.11

0.60

2

0.41



and

88.0

90.0

2.0

0.25

0.02

0.25

7

0.27



C23-277

0.0

2.0

2.0

0.32

0.04

0.25

2

0.37

105.9

330 ° /-70 °

Open to depth

and

10.0

12.0

2.0

0.24

0.08

2.30

1

0.37



and

32.0

34.0

2.0

0.21

0.06

0.60

2

0.31



and

36.0

38.0

2.0

0.27

0.05

2.30

2

0.37



and

86.0

105.9

19.9

0.40

0.07

0.75

4

0.51


Open to depth

C23-278

0.0

80.0

80.0

0.58

0.15

0.55

10

0.79

80.0

Open to depth

C23-279

0.0

71.4

71.4

0.53

0.14

0.40

10

0.73

71.4

Open to depth

C23-280

0.0

65.4

65.4

0.51

0.12

2.98

17

0.72

65.4

Open to depth

C23-281

10.0

28.0

18.0

0.88

0.16

1.63

1

1.11

110.1

Open to depth

and

44.0

46.0

2.0

0.23

0.07

0.25

2

0.33



and

48.0

50.0

2.0

0.21

0.09

0.25

1

0.34



and

60.0

64.0

4.0

0.42

0.09

1.20

4

0.56



and

80.0

110.1

30.1

0.43

0.13

0.53

24

0.63



C23-282

4.0

6.0

2.0

0.22

0.08

0.60

3

0.34

81.2

330 ° /-65 °

and

16.0

18.0

2.0

0.27

0.04

0.25

8

0.33



and

26.0

72.0

46.0

0.71

0.04

0.31

7

0.77



C23-283

24.0

36.0

12.0

0.31

0.10

1.03

4

0.46

79.2

150 ° /-70 °

and

52.0

74.0

22.0

0.57

0.08

0.74

6

0.69



C23-284

4.0

84.0

80.0

0.63

0.11

0.67

40

0.80

100.2

330 ° /-70 °

Open to depth

and

96.0

100.2

4.2

0.64

0.12

0.25

120

0.84



C23-285

0.0

84.0

84.0

0.58

0.20

2.17

12

0.88

85.0


C23-286

0.0

90.8

90.8

0.39

0.12

1.23

7

0.58

90.8

330 ° /-50 °

Open to depth

C23-286A

6.0

88.0

82.0

0.37

0.13

1.20

7

0.56

150.5

330 ° /-50 °

Open to depth

and

106.0

122.0

16.0

0.26

0.08

0.76

4

0.39



and

142.0

150.5

8.5

0.60

0.10

0.91

2

0.74



C23-287

0.0

46.0

46.0

0.54

0.08

0.35

9

0.65

50.3


C23-288

0.0

65.2

65.2

0.67

0.08

0.47

40

0.80

65.2

330 ° /-60 °

Open to depth

C23-289

0.0

46.0

46.0

1.35

0.32

2.58

5

1.82

100.1

Open to depth

and

64.0

100.2

36.2

1.29

0.45

2.45

13

1.95



C23-290

0.0

62.0

62.0

0.92

0.05

1.01

6

1.00

65.5


C23-291

0.0

80.0

80.0

0.65

0.07

2.23

23

0.77

100.2


C23-292

0.0

65.4

65.4

0.88

0.12

0.34

108

1.09

65.4

Open to depth

C23-293

0.0

62.0

62.0

0.36

0.12

1.18

4

0.54

75.1


C23-294

10.0

34.0

24.0

0.23

0.16

0.75

4

0.46

140.7


and

42.0

44.0

2.0

0.21

0.06

0.25

2

0.30



and

58.0

72.0

14.0

0.55

0.04

0.25

10

0.60



and

86.0

116.0

30.0

0.23

0.04

0.38

2

0.29



and

132.0

136.0

4.0

0.27

0.05

0.85

2

0.35



C23-295

0.0

60.9

60.9

0.84

0.12

2.49

23

1.03

60.9

Open to depth

C23-296

2.0

50.0

48.0

0.31

0.14

1.67

3

0.53

55.2


C23-297

0.0

80.6

80.6

0.74

0.11

0.85

46

0.91

80.6

Open to depth

C23-298

0.0

70.3

70.3

0.87

0.07

1.42

25

0.99

70.3

Open to depth

C23-299

6.0

16.0

10.0

0.50

0.06

2.50

1

0.62

35.2


and

28.0

30.0

2.0

0.46

0.03

0.25

6

0.50



C23-300

6.0

95.3

89.3

0.42

0.08

0.44

24

0.54

95.3

Open to depth

C23-301

16.0

20.0

4.0

0.56

0.18

1.75

10

0.83

105.3

Open to depth

and

36.0

38.0

2.0

0.35

0.07

0.70

1

0.46



and

50.0

52.0

2.0

0.59

0.06

0.70

1

0.68



and

70.0

72.0

2.0

0.31

0.03

0.90

2

0.35



and

84.0

105.3

21.3

0.91

0.08

0.51

2

1.03



C23-302

2.0

115.1

113.1

1.50

0.16

1.48

44

1.75

115.1

330   °   /-45   °

Open to depth

C23-303

0.0

50.2

50.2

1.22

0.08

2.02

19

1.36

50.2

Open to depth

C23-304

2.0

8.0

6.0

0.32

0.04

2.00

3

0.40

65.1

330 ° /-60 °

Open to depth

and

28.0

30.0

2.0

0.25

0.10

0.60

7

0.39



and

64.0

65.1

1.1

0.43

0.02

0.25

1

0.47



C23-305

24.0

66.0

42.0

0.26

0.05

0.52

7

0.33

105.2

Open to depth

and

92.0

105.2

13.2

0.32

0.06

0.42

12

0.40



C23-306

0.0

70.1

70.1

1.12

0.12

0.55

48

1.31

70.1

Open to depth

C23-307

4.0

100.4

96.4

0.32

0.10

0.32

8

0.47

100.4

Open to depth

C23-308

0.0

78.0

78.0

0.82

0.08

2.44

6

0.96

80.5


C23-309

0.0

85.4

85.4

0.84

0.16

1.45

17

1.08

85.4

Open to depth

C23-310

8.0

22.0

14.0

0.24

0.06

2.50

4

0.35

101.1

Open to depth

and

42.0

44.0

2.0

1.35

0.06

0.60

1

1.44



and

56.0

58.0

2.0

0.65

0.08

0.60

5

0.77



and

84.0

86.0

2.0

0.25

0.07

0.25

7

0.35



and

98.0

101.1

3.1

1.15

0.15

0.77

11

1.37



C23-311

2.0

70.3

68.3

0.71

0.04

0.26

26

0.78

70.3

Open to depth

C23-312

0.0

75.8

75.8

1.40

0.17

0.71

24

1.65

75.8

330   °   /-60   °

Open to depth

C23-313

0.0

92.0

92.0

0.41

0.10

0.38

12

0.55

115.6


and

106.0

108.0

2.0

0.22

0.03

0.25

5

0.27



C23-314

16.0

24.0

8.0

0.42

0.10

1.73

4

0.58

145.9

150 ° /-85 °

Open to depth

and

38.0

52.0

14.0

0.40

0.06

0.49

5

0.48



and

88.0

145.9

57.9

0.40

0.13

0.53

9

0.59



C23-315

0.0

115.5

115.5

0.32

0.12

0.48

4

0.49

115.5

Open to depth

C23-316

0.0

75.7

75.7

1.24

0.19

0.82

31

1.52

75.7

Open to depth

C23-317

0.0

95.7

95.7

1.48

0.27

0.50

56

1.86

95.7

Open to depth

C23-318

0.0

46.0

46.0

0.64

0.14

1.75

4

0.85

115.4

330 ° /-55 °

and

60.0

114.0

54.0

0.37

0.10

0.63

5

0.52



C23-319

0.0

122.0

122.0

0.50

0.15

0.54

13

0.72

125.9

330 ° /-60 °

C23-320

0.0

78.0

78.0

0.54

0.20

0.43

23

0.82

86.2

330 ° /-45 °

C23-321

0.0

36.0

36.0

0.53

0.17

1.06

2

0.78

105.0

Open to depth

and

48.0

105.0

57.0

0.97

0.34

0.99

13

1.44



C23-322

0.0

100.4

100.4

0.67

0.20

0.58

15

0.95

100.4

Open to depth

C23-323

2.0

95.7

93.7

0.27

0.11

1.70

16

0.45

95.7

Open to depth

C23-324

4.0

95.7

91.7

0.54

0.16

0.39

13

0.78

95.7

330 ° /-55 °

Open to depth

C23-325

0.0

98.0

98.0

0.35

0.08

0.78

15

0.48

141.2

330 ° /-70 °

Open to depth

and

112.0

141.2

29.2

1.36

0.15

3.84

9

1.61



C23-326

0.0

75.1

75.1

0.90

0.31

0.70

19

1.34

75.1

Open to depth

C23-327

26.0

30.0

4.0

2.65

0.03

1.00

2

2.71

106.0

225 ° /-65 °

and

40.0

84.0

44.0

0.33

0.14

0.91

8

0.53



and

98.0

106.0

8.0

0.57

0.09

1.44

13

0.72



C23-328

0.0

8.00

8.0

0.27

0.05

2.28

3

0.37

60.6


and

52.0

60.0

8.0

0.36

0.04

0.25

5

0.41



C23-329

2.0

75.2

73.2

0.35

0.11

0.32

11

0.51

75.2

Open to depth

C23-330

6.0

71.3

65.3

0.81

0.32

1.49

6

1.27

71.3

330 ° /-55 °

Open to depth

C23-331

0.0

55.2

55.2

0.29

0.13

0.38

5

0.48

55.2

Open to depth

Note: All holes drilled at 0   °   azimuth and -90   °   dip unless otherwise stated in the comments. Intervals in the reported holes are calculated using a cut-off of 0.2 g/t Au with maximum internal dilution of ten continuous metres. A top-cut of 70 g/t Au was applied to one sample as noted in comments. Sampling is done in consistent, continuous 2-metre intervals. Values assume 100% recovery of all quoted metals and the following prices were used: a gold price of US$1,500 per ounce, a copper price of US$3.00 per pound, a molybdenum price of US$7.00 per pound and a silver price of US$18.00 per ounce.

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SOURCE Lumina Gold Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2024/18/c4798.html

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Lumina Gold Announces US$10.2 million Wheaton Precious Metals Draw and Amendment to the PMPA

Lumina Gold Announces US$10.2 million Wheaton Precious Metals Draw and Amendment to the PMPA

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that under the previously announced US$300 million precious metals purchase agreement (the "PMPA") with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton"), the Company has drawn an additional installment of US$10.2 million . The draw consisted of two tranches, US$9 million which was due twelve months after the initial draw in May 2023 and US$1.2 million related to specific pre-construction acquisition transactions.

Lumina Gold Corp. Logo (CNW Group/Lumina Gold Corp.)

The PMPA has been amended to modify the US$15 million that was due in May 2024 to US$9 million payable immediately and the remaining US$6 million payable on December 2, 2024 . This amendment was made because Lumina has not yet finalized terms for the exploitation contract with the Government of Ecuador , which was a condition for the US$15 million being received. The December 2, 2024 payment is conditional on the finalization of the exploitation contract term sheet between Lumina and the Government of Ecuador .

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

Follow us on: Twitter , Linkedin or Facebook .

Further details are available on the Company's website at https://luminagold.com/ . To receive future news releases please sign up at https://luminagold.com/contact .

Lumina Gold Corp.

Signed: "Marshall Koval"

Marshall Koval , President & CEO, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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 or information with respect to: the Company's ability to finalize the exploitation contract terms with the Government of Ecuador before December 2, 2024 . Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, 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: the Company's ability to meet its obligations under the PMPA; 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; 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.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/lumina-gold-announces-us10-2-million-wheaton-precious-metals-draw-and-amendment-to-the-pmpa-302160826.html

SOURCE Lumina Gold Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/31/c5772.html

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Lumina Gold Corp. Presents in Red Cloud's Virtual Webinar Series

Lumina Gold Corp. Presents in Red Cloud's Virtual Webinar Series

Lumina Gold Corp. (TSXV: LUM) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on May 22nd, 2024 at 2:00pm ET.

We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud.

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Lumina Gold

Lumina Gold Appoints Feasibility Study Consultants

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) ("Lumina" or the "Company") is pleased to announce that it has appointed Ausenco Engineering Canada ULC ("Ausenco") to lead the Feasibility Study on its Cangrejos Gold-Copper Project ("Cangrejos" or the "Project") in southwest Ecuador . Lumina is expecting the Feasibility Study to be completed in H1 2025. Along with Ausenco, Lumina has appointed a full team of consultants to support the completion of the Feasibility Study. Key consultants and responsibilities are listed below in Table 1.

Table 1: Appointed Consultants

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Lumina Gold Engages a Market Maker

Lumina Gold Engages a Market Maker

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") announces that it has engaged Integral Wealth Securities Limited ("Integral") to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Under the agreement, Integral will receive a fee of C$6,000 plus applicable taxes per month. The initial term of the agreement is three (3) months from the date of execution with an option to renew.

Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects.

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Lumina Gold

Lumina Gold Announces Issuance of Annual Equity Incentive Grant

Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") announces that it has granted incentive stock options and restricted share units ("RSU's") under the Company's Omnibus Equity Incentive Plan to certain directors, officers, employees and consultants of the Company. 5,635,000 stock options were granted and have an exercise price of $0.33 per share and will expire on December 18, 2028 . 5,510,000 of the options will vest in three equal parts over the first two years after grant and 125,000 options (the "First Globe Options") will vest in four equal parts over the first two years after grant. 3,500,000 RSUs were granted and will vest in equal parts over three years.

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Forte Minerals Completes Miscanthus Acquisition from Globetrotters Resource Group

Forte Minerals Completes Miscanthus Acquisition from Globetrotters Resource Group

Forte Minerals Corp. ("Forte"or the"Company") (CSE:CUAU)(OTCQB:FOMNF)(Frankfurt:2OA), a Canadian exploration company focused on developing copper and gold assets in Peru, is pleased to announce the completion of its acquisition of the Miscanthus Property (the "Property") a high-sulphidation epithermal gold-silver and porphyry copper-molybdenum-gold prospect in central Peru from Globetrotters Resource Group Inc. ("Globetrotters"), as initially announced on October 23, 2024

The Property consists of 4 Concessions: Totaling 3,200 hectares, which was transferred to Forte's Peruvian subsidiary, Cordillera Resources Perú S.A.C and includes an approved DIA drilling permit for up to 40 platforms over 172 hectares, significantly lowering permitting risk.

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Red Metal Resources Provides Corporate Update and Announces Financing

Red Metal Resources Provides Corporate Update and Announces Financing

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to provide a corporate update and announce a financing.

Red Metal has executed a Definitive Agreement on claims in Quebec, see news release dated October 30, 2024, and Company views these claims as a foundation. Red Metal intends to expand and grow the mineral claims that are within the Timiskaming Graben Formation near the town of Ville Marie. Meanwhile, the Company will look to continue its work on its flagship post discovery copper project in Chile.

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Bold Ventures Receives Assays up to 16.3 gpt Au at its Wilcorp Property

Bold Ventures Receives Assays up to 16.3 gpt Au at its Wilcorp Property

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") announces that it has received assays ranging from

The 16.3 gpt Au sample corresponds to a 10 cm quartz vein in an old pit and stripped area, 35 meters northeast of a 2012 sample which returned 14.4 gpt Au. Additional sampling 100 meters further south yielded gold results up to 892 ppb Au from intermediate schist with quartz-ankerite veining in outcrop, 25 meters west of a 2012 sample which returned 462 ppb Au. An angular boulder of intermediate schist with quartz veining 45 meters east of the 2012 sample returned 110 ppb Au. See Figure 1 for thematic Au results across the property to date, and Table 1 below for sample descriptions and all Au results from the site visit.

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Noble Minerals Announces Drilling Results from Noble Minerals-Canada Nickel Joint Venture

Noble Minerals Announces Drilling Results from Noble Minerals-Canada Nickel Joint Venture

(TheNewswire)

Noble Mineral Exploration Inc.

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Aston Bay and American West Metals Report Assays from Deep Drilling at the Storm Project, Nunavut, Canada

Aston Bay and American West Metals Report Assays from Deep Drilling at the Storm Project, Nunavut, Canada

98 metres of copper sulfides reinforce large-scale sediment-hosted copper potential

Highlights:

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