- CC19-02EXT – 15.4 metres grading 5.25 g/t Au Eq
- CC22-42 – 137 metres grading 1.19 g/t Au Eq starting 22 metres form surface
- Including 6 metres of 11.62 g/t Au Eq
- CC22-43 – 53 metres grading 2.00 g/t Au Eq starting 50 metres from surface
- CC22-44 – 2 metres grading 10.25 g/t Au Eq
- CC22-46 – 19.1 metres grading 2.46 g/t Au Eq
Figure 2 shows the progress of the
Hole CC19-02EXT was an extension of a previously drilled hole (CC19-02) and intersected 44.0 metres from 258 metres down hole grading 2.27 g/t gold and 19.5 g/t silver (2.51 g/t Au Eq). In addition, hole CC19-02EXT intersected 15.4 metres from 308 metres down hole grading 5.11 g/t gold and 11.9 g/t silver (5.25g/t Au Eq), confirming the Company's mineralization model.
Hole CC22-42 intersected several high-grade intervals within thick lower-grade zones, including 137.0 metres from 22 metres down hole grading 1.08 g/t gold and 9.2 g/t silver (1.19g/t Au Eq). Within this interval, three high-grade zones were intercepted including 6.0 metres from 89 metres down hole grading 11.40 g/t gold and 17.9 g/t silver (11.62g/t Au Eq). Hole CC22-42 and CC22-43 were aimed at increasing the resource size by infilling zones of the block model where thicker zones of mineralization were interpreted to exist.
Holes CC22-44 and CC22-45 were further step-out holes aimed at testing shallower mineralization. Hole CC22-44 intercepted 44.0 metres from 102 metres down hole of 0.64g/t gold and 7.3 g/t silver (0.72g/t Au Eq), extending mineralization to the southeast.
CC22-46 was the final hole of the 2022 program. Drilled on the northwest end of the deposit, it intercepted several higher-grade zones, including 19.1 metres from 214 metres down hole grading 2.29 g/t gold and 14.8 g/t silver (2.46g/t Au Eq).
Table 1. Drill intercepts for the
Hole | Azimuth / | From (m) | To (m) | Interval | True Thickness (m) | Au (g/t) | Ag (g/t) | Au Eq (g/t) |
CC19-02EXT | 210° / -60° / 425m | 258.0 | 302.0 | 44.0 | 31.11 | 2.27 | 19.5 | 2.51 |
And | 308 | 323.4 | 15.4 | 10.89 | 5.11 | 11.9 | 5.25 | |
And | 339.0 | 341.0 | 2.0 | 1.41 | 1.84 | 3.1 | 1.87 | |
CC22-42 | 227° / -26° / | 22.0 | 159.0 | 137.0* | 134.48 | 1.08 | 9.2 | 1.19 |
Incl | 89.0 | 95.0 | 6.0 | 5.89 | 11.40 | 17.9 | 11.62 | |
Incl | 100.0 | 101.0 | 1.0 | 0.98 | 6.23 | 84.6 | 7.25 | |
Incl | 106.0 | 115.0 | 9.0 | 8.83 | 2.13 | 4.0 | 2.18 | |
And | 173.0 | 194.0 | 21.0* | 20.61 | 3.38 | 9.8 | 3.50 | |
Incl | 188.0 | 194.0 | 6.0 | 5.89 | 10.94 | 28.5 | 11.28 | |
CC22-43 | 195° / -33° / 235m | 50.0 | 103.0 | 53.0* | 50.41 | 1.85 | 12.7 | 2.00 |
Incl | 95.0 | 103.0 | 8.0 | 7.61 | 8.77 | 53.7 | 9.42 | |
And | 117.0 | 149.0 | 32.0* | 30.43 | 0.43 | 4.7 | 0.48 | |
And | 207.0 | 209.0 | 2.0 | 1.90 | 3.79 | 3.4 | 3.83 | |
CC22-44 | 189° / -35° / | 102.0 | 146.0 | 44.0* | 41.35 | 0.64 | 7.3 | 0.72 |
Incl | 131.0 | 133.0 | 2.0 | 1.88 | 9.35 | 75.7 | 10.25 | |
And | 192.0 | 194.0 | 2.0 | 1.88 | 7.46 | 2.6 | 7.49 | |
And | 203.6 | 206.5 | 2.9 | 2.73 | 3.84 | 46.3 | 4.39 | |
CC22-45 | 160° / -27° / | 102.0 | 139.0 | 37.0* | 36.19 | 0.32 | 8.4 | 0.42 |
Incl | 125.0 | 126.0 | 1.0 | 0.98 | 3.59 | 22.9 | 3.86 | |
And | 154.0 | 159.6 | 5.6* | 5.50 | 0.57 | 5.0 | 0.63 | |
Incl | 159.1 | 159.6 | 0.5 | 0.46 | 3.28 | 35.9 | 3.71 | |
And | 186.0 | 192.0 | 6.0* | 5.87 | 0.44 | 1.8 | 0.46 | |
CC22-46 | 193° / -51° / | 47.0 | 87.0 | 40.0* | 32.36 | 1.29 | 32.2 | 1.68 |
And | 133.0 | 156.0 | 23.0* | 18.61 | 0.30 | 3.8 | 0.34 | |
And | 168.0 | 172.0 | 4.0* | 3.24 | 3.35 | 6.3 | 3.42 | |
And | 214.0 | 233.1 | 19.1 | 15.45 | 2.29 | 14.8 | 2.46 | |
And | 248.5 | 268.0 | 19.5 | 15.78 | 1.78 | 15.7 | 1.96 | |
And | 277.0 | 280.0 | 3.0 | 2.43 | 2.41 | 5.9 | 2.48 |
Asterisked (*) holes are "Shallower" intervals calculated using a lower limit of 0.20 g/t Au |
All Luminex sample assay results have been independently monitored through a quality control / quality assurance ("QA/QC") protocol which includes the insertion of blind standards, blanks as well as pulp and reject duplicate samples. Logging and sampling are completed at Luminex's core handling facility located at the Condor property. Drill core is diamond sawn on site and half drill-core samples are securely transported to
Further details are available on the Company's website at https://luminexresources.com/.
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Signed: "Marshall Koval"
Neither the
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 regarding future drilling and work programs at Condor. Often, but not always, forward-looking statements or information can be identified by the use of phrases or statements that certain actions, events or results "will" 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; changes in laws (including regulations respecting mining concessions); 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.
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