Welcome to our dedicated page for Luminex Res news (Ticker: LUMIF), a resource for investors and traders seeking the latest updates and insights on Luminex Res stock.
Luminex Resources Corp. (TSXV: LR; OTCQX: LUMIF) maintains a strategic focus on gold and copper exploration across Ecuador's mineral-rich regions. This comprehensive news hub provides stakeholders with essential updates on project developments, partnership agreements, and operational milestones.
Investors and industry observers will find detailed coverage of the company's core assets including the Condor Gold-Copper project and Los Cuyes deposit. Recent highlights feature metallurgical testing results demonstrating high recovery rates and progress on the Pegasus Earn-In agreement with Anglo American.
The resource center aggregates official press releases covering resource estimates, exploration updates, and strategic partnerships. All content undergoes verification to ensure compliance with Canadian securities regulations and mining disclosure standards.
Bookmark this page for streamlined access to Luminex's latest developments in Ecuador's emerging mineral sector. Regular updates provide critical insights for informed analysis of the company's exploration portfolio and growth strategy.
Luminex Resources Corp. (TSXV: LR, OTCQX: LUMIF) has commenced a 2,000-meter drill program at its high-grade gold target, Nayumbi, within the Condor project in Ecuador. Initial drill hole tests hydrothermal breccias yielding rock chip samples up to 62.90 g/t gold. Assay results from the Cascas project indicate long intercepts of copper-molybdenum mineralization with 0.22% Cu Eq in hole SK21-03. The company anticipates preliminary economic assessment results for the Condor North study in July, enhancing prospects for its gold and copper projects.
Luminex Resources Corp. has announced the discovery of a significant epithermal gold target at its Nayumbi site, located within the 100% owned Condor project. Rock chip samples reveal gold concentrations as high as 80.5 g/t and silver up to 14.4 g/t. The geological characteristics are similar to Lundin Gold’s Fruta del Norte deposit, suggesting promising potential. A comprehensive soil sampling has established a 3.5 km gold anomaly. Drilling is planned to begin by July 2021, with initial targets focusing on areas with notable hydrothermal brecciation.
Luminex Resources Corp. (TSXV: LR, OTCQX: LUMIF) announces the initiation of drilling at its Cascas and Tarqui projects in Ecuador. The Cascas program encompasses a 3,000 metre drill targeting the copper porphyry Shakai anomaly, identified through significant copper and molybdenum soil samples over a 7 km area. BHP is conducting a 2,000 metre drill program at Tarqui, aiming for a 51% stake by investing US$25 million. CEO Marshall Koval highlights the significant discovery potential of these projects amidst a burgeoning copper belt.
Luminex Resources Corp. announced promising drilling results from its Soledad Baja project, completing 3,300 metres across five holes. Significant findings include 17.2 metres returning 3.78 g/t gold, 4.2 g/t silver, and 1.17% zinc, indicating consistent mineralization similar to the Camp deposit. Additionally, a re-assaying program revealed grades averaging 11% higher than original assays. The company aims to incorporate these results into future updates for the Camp deposit, enhancing its growth potential.
Luminex Resources Corp. (OTCQX: LUMIF) held its annual general meeting on September 10, 2020, in Vancouver, where shareholders approved all proposed resolutions. Directors elected for the upcoming year include Marshall Koval and Lyle Braaten. Additionally, the Board approved an amendment to the stock option plan, increasing the maximum shares reserved from 4 million to 9 million, pending TSX Venture Exchange approval. Luminex is focused on gold and copper projects in Ecuador, particularly the Condor Gold-Copper project and collaborations with BHP Group plc and Anglo American on other ventures.
Luminex Resources Corp. (TSXV: LR; OTCQX: LUMIF) announced its common shares are now trading on the OTCQX Best Market, enhancing visibility and liquidity in the U.S. market. This listing allows U.S. investors easier access to invest in Luminex as it advances its Condor gold project in Ecuador, partnered with Anglo American and BHP. The OTCQX Best Market requires companies to meet high financial standards, ensuring compliance and transparency for investors.
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