Vancouver, British Columbia - Lumina Gold Corp. (“Lumina”) (TSXV: LUM) is pleased to announce that it has been granted mining title for the Cangrejos 20 concession which is surrounded by Lumina’s Cangrejos Project. In addition, Lumina was awarded three highly prospective concessions through an auction process conducted by the Ecuadorian government. The concessions are near Lumina’s Condor Project located in the Zamora Province of southeastern Ecuador and include the Tres Pichachos (4,828 Ha), La Canela (3,187 Ha) and Las Orquídeas (4,743 Ha) concessions.
Previous work by the Company at the Tres Pichachos and La Canela concessions has demonstrated large, high amplitude gold geochemical signatures based on stream sediments and soils samples which correlate well with regional airborne magnetics interpretation. At Las Orquídeas, a three kilometer-long highly anomalous rock and soil copper-molybdenum anomaly covers a ridge feature. Field observations indicate this may be related to a cluster of porphyry deposits similar to the Company’s Santa Barbara deposit which is located in the same district.
The granting of the Cangrejos 20 title is key in the consolidation and development of the Company’s mineral holdings in the Cangrejos Gold-Copper district. The additional concessions granted near the Condor Project provide excellent exploration targets in a prolific mineral district where Lumina has large land holdings. Lumina anticipates that the mining titles for the additional concessions will be granted in January 2017.
Lumina Gold Corp.
|For further information contact:
||Lyle Braaten, VP Legal Counsel
|Signed: "Marshall Koval"
|Marshall Koval, President & CEO
||T: +1 604 646 1889
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 location, nature and ownership of mineral concessions. Often, but not always, forward-looking statements or information can be identified by the use of words such as “will” or variations of that word and phrases or statements that certain actions, events or results “will” be taken, occur or be achieved. 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 Lumina’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.