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. The foregoing list of assumptions is not exhaustive.Īlthough 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. ![]() 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. ![]() 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. Such forward-looking statements or information include but are not limited to statements or information with respect to potential conversion of Indicated Resources to Measured Resources, future test work and future studies at Cangrejos and impact and timing of such test work and studies. (1) 6,842 metres of the 8,375 metres of planned geotechnical drilling is complete and the balance is expected to conclude before the holiday break in December.Ĭautionary Note Regarding Forward-Looking InformationĬertain 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. Lumina has also completed the drilling of 7,767 metres across ninety-one drill holes for the purpose of potentially upgrading some of the Indicated mineral resource containing 16.8 million ounces gold and 2.2 billion pounds of copper to the Measured mineral resource category. The Company has now completed the drilling of 3,065 metres across fourteen dedicated diamond drill holes for the collection of metallurgical samples and comminution testing samples. This upcoming program will allow some optimization of process parameters and provide significant engineering data supporting process design criteria for the feasibility study. In past metallurgical test work programs, the Cangrejos and Gran Bestia deposits demonstrated good metallurgical performance using traditional flotation processes to produce a gold-rich flotation copper concentrate that should be saleable into the copper smelting market. ("Plenge"), an independent metallurgical laboratory based in Lima, Peru, which has previously provided metallurgical support to the Company and Metso USA. The key components of the program include the collection of twenty metallurgical composite samples from dedicated drill holes within the Cangrejos and Gran Bestia deposits, comminution test work, detailed mineralogy and flotation test work for gold and copper recovery estimates and providing concentrate samples for marketing studies. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce the initiation of a major work program to support the development of the Cangrejos and Gran Bestia gold-copper deposits. ![]()
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