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  • Luminex Resources (LR) has released drill results from six holes at Cuyes West
  • Senior VP of Exploration Leo Hathaway met with Sabrina Cuthbert to discuss the results
  • Luminex Resources Corp. is a Canada-based precious and base metals exploration and development company focused on gold and copper projects in Ecuador
  • Luminex Resources Corp. (LR) opened trading at C$0.345

Luminex Resources (LR) has released drill results from six holes at Cuyes West.

Drilling confirmed a strike length of 350 metres, while the anomaly has been mapped at surface for more than 500 metres. The drilled vertical extent of the Cuyes West mineralized structure now exceeds 300 metres.

Source: Luminex Resources Corp.

The company has reported all holes from the 2022 program except for two (CU22-16 and CU22-17) that were completed in January. Drilling at Cuyes West is continuing with one rig with a second on standby to drill Prometedor as soon as trail and pad construction are complete. Drilling of Prometedor is expected to start by March.

Highlights:

  • Hole CU22-12 intersected 2.5 metres from 323 metres grading 16.28 g/t gold and 188.1 g/t silver (18.54 g/t Au Eq)
  • Hole CU22-14 intersected multiple high-grade structures, notably 4.0 metres from 216 metres down hole of 18.91 g/t gold and 36.6 g/t silver (19.35 g/t Au Eq), including 2.0 metres of 35.8 g/t gold and 65.7 g/t silver (36.59 g/t Au Eq)
  • Hole CU22-15 intersected 17.5 metres from 240.5 metres grading 3.00 g/t gold, 6.1 g/t silver (3.07 g/t Au Eq)

Senior VP of Exploration Leo Hathaway met with Sabrina Cuthbert to discuss the news.

Hole

Azimuth /

Dip /

Length

From

(m)

To

(m)

Interval

(m)

Au

(g/t)

Ag

(g/t)

Au Eq

(g/t)

CU22-10

300° /

-36° /

424.65m

67.0

82.0

15.0*

1.55

8.7

1.65

Incl

67.0

68.0

1.0

14.95

59.9

15.67

And

156.0

186.0

30.0*

0.41

9.9

0.52









CU22-11

343° /

-42° /

300.00m

8.0

36.0

28.0*

0.88

9.2

0.99

Incl

31.0

32.0

1.0

11.05

81.4

12.03

And

54.0

66.0

12.0*

0.52

4.4

0.57

And

114.0

124.0

10.0*

0.36

3.3

0.40

And

172.0

173.0

1.0

2.09

25.2

2.39









CU22-12

328° /

-57° /

349.65m

36.0

45.0

9.0*

0.22

1.7

0.24

And

66.0

70.0

4.0*

0.20

20.3

0.44

And

136.7

146.0

9.3*

0.57

8.0

0.67

And

323.0

325.5

2.5

16.3

188.1

18.54









CU22-13

342° /

-45° /

352.30m

4.0

32.0

28.0*

0.66

1.9

0.68

And

59.0

127.0

68.0*

0.34

2.1

0.36

And

141.0

175.0

34.0*

0.25

3.2

0.28

And

225.2

238.0

12.8

2.01

13.9

2.18

Incl

225.2

229.0

3.8

3.90

28.8

4.24

And

245.0

281.0

36.0

2.17

10.4

2.29

Incl

267.0

273.0

6.0

4.01

10.9

4.14

And

292.0

308.0

16.0

2.03

16.7

2.23









CU22-14

345° /

-45° /

389.50m

27.0

35.0

8.0*

0.26

1.8

0.28

And

48.0

73.0

25.0*

0.24

2.3

0.27

And

89.0

190.0

101.0*

0.67

7.3

0.76

And

216.0

220.0

4.0

18.91

36.6

19.35

Incl

217.0

219.0

2.0

35.80

65.7

36.59

And

257.0

258.0

1.0

4.46

12.3

4.61

And

267.0

269.0

2.0

1.09

3.8

1.13

And

275.0

291.0

16.0

3.04

12.5

3.19

And

312.0

314.0

2.0

1.74

4.8

1.79

And

354.0

358.0

4.0

3.32

117.2

4.72









CU22-15

345° /

-26° /

379.50m

30.0

62.0

32.0*

0.77

1.2

0.79

And

125.8

177.0

51.2*

0.43

3.6

0.47

And

197.0

213.0

16.0*

0.41

4.3

0.46

And

222.0

223.0

1.0

8.92

29.7

9.28

And

240.5

258.0

17.5

3.00

6.1

3.07

And

305.0

306.0

1.0

1.22

21.2

1.47

And

314.0

315.0

1.0

7.61

35.3

8.03

And

325.0

328.0

3.0

2.92

24.2

3.21

*Interval “shallower” calculated using a lower limit of 0.20 g/t Au with a maximum inclusion of 10 continuous metres below cut-off occurring within the stated intercept and the highest gold value used in the reported weighted averages is 14.95 g/t Au.


Luminex Resources Corp. is a Canada-based precious and base metals exploration and development company focused on gold and copper projects in Ecuador. 

Luminex Resources Corp. (LR) opened trading at C$0.345.


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