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

Consultant

Responsibility

Ausenco Engineering Canada ULC

Lead author, including process and infrastructure engineering

SIM Geological Inc.

Resource estimation

Laboratorio C.H. Plenge & Cia. S.A.

Metallurgical testing

International Metallurgical and Environmental Inc.

Metallurgical Qualified Person

Independent Mining Consultants Inc.

Mineral reserves, mine design and mining costs

MTB Enterprises Inc.

Project manager

RM Enterprises

Economic model

Wyllie & Norrish Rock Engineers Inc.

Mine geotechnical

Global Resource Engineering

Ground water & hydrology

BARR Engineering Company

Ground water & hydrology

Social Capital Group

Social and community

Ron Halas , Chief Operating Officer commented: "Most of these consultants have been working on Cangrejos since the first PEA that was released in 2018 and bring a wealth of project knowledge to this Feasibility Study. I have been working hand in hand with Ausenco on a number of trade-off studies and potential improvements that could be integrated into the Feasibility Study."

About Ausenco

Ausenco has a global team based across 26 offices in 15 countries, with projects in over 80 locations worldwide. Combining deep technical expertise with a 30-year track record, Ausenco provides innovative, value-add consulting studies, project delivery, asset operations and maintenance solutions to the mining & metals and industrial sectors.

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 completion of the Feasibility study. 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.

Cision View original content: https://www.prnewswire.com/news-releases/lumina-gold-appoints-feasibility-study-consultants-302046054.html

SOURCE Lumina Gold Corp.

Cision View original content: http://www.newswire.ca/en/releases/archive/January2024/29/c0843.html

News Provided by Canada Newswire via QuoteMedia

LUM:CC
The Conversation (0)
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

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
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.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
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.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
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.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
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.

Highlights

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
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:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×