Luna Gold Corp. (TSXV-LGC) (“Luna” or the “Company”) is pleased to announce that it has been granted a further 35,000 ha of new mineral exploration licenses in the Aurizona Regional project area by the Brazilian Mines Department (DNPM).
The granting of the four new exploration licences has increased the Company’s landholding to 165,000 ha of contiguous areas 100% owned by Luna’s Brazilian subsidiary company. The Aurizona Regional project area is located to the southwest and southeast of the Aurizona Main project area and contains multiple shear zones and numerous historic artisanal gold workings. A new claim map has been uploaded to the Luna Gold website at www.lunagold.com or to view map directly click here.
Luna’s President & CEO, John Blake, comments, “This latest addition to our landholding further consolidates our dominant and strategic land position in the prospective Aurizona Regional district. The area is 100% owned by Luna and has seen very little modern exploration.”
The Aurizona Regional project is located within the São Luis Craton, southeast of the Guiana shield, which hosts several major gold deposits including Rosebel and Las Cristinas. Geologic reconstruction of the South American and African continents places the São Luis Craton in close proximity to the Birimian Gold Belt of West Africa. Strong geologic and structural similarities exist between the São Luis Craton, the Guiana shield and the West African Craton. The area is characterized by low relief and an extensive sedimentary cover sequence with deep weathering profiles. Over 50 gold garimpos (artisanal gold workings) occur within the Aurizona Regional project area. Historic exploration in the district was limited to soil and rock sampling, auger drilling, geophysical surveys and some shallow reconnaissance drill holes.
Luna’s VP Exploration, Titus Haggan, states, “These areas were staked following a detailed reinterpretation of Luna’s proprietary aerogeophysical survey in late 2009 and field reconnaissance in early 2010 which identified extensions to the Aurizona Group greenstone terrain in northwest Maranhão in areas previously mapped as crystalline basement. Numerous regional scale structures and strong magnetic anomalies occur in the new areas which are characteristics shared with the Aurizona Main gold camp. Our exploration teams are currently exploring in four target areas at Aurizona Regional.”
About Luna Gold Corp
Luna is a gold mining and exploration company engaged in the exploration and development of gold deposits and advanced stage gold exploration projects in Brazil. The Company is currently commissioning its Aurizona gold mine in Maranhão, Brazil.
On behalf of the Board of Directors
LUNA GOLD CORP.
John Blake – President and CEO
NEITHER 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 RELEASE.
Titus Haggan Ph.D., EurGeol Certified Professional Geologist #746, Luna’s VP Exploration is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program and has supervised the preparation of and reviewed the technical disclosure in this press release. Non qualified persons currently work on Luna’s exploration programs under the guidance of Titus Haggan. Dr Haggan takes responsibility for work, information and advice generated by non-Qualified persons and has taken the steps required to ensure that the work, information and advice is sound.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the United States Securities Act of 1933 and applicable state securities laws or an exemption from such registration is available.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Luna Gold Corp.’s periodic filings with Canadian Securities Regulators. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Luna Gold does not assume the obligation to update any forward-looking statement.
Tagged with: (TSXV-LGC) • 000 ha in Brazil • Aurizona Regional project • Business • Forward-looking statement • Luna Gold Corp. (TSXV-LGC) Adds 35 • National Instrument 43-101 • Precious metal • TSX Venture Exchange • United States • West African Craton
Filed under: Business
Like this post? Subscribe to my RSS feed and get loads more!