Luna Gold Corp LGC:CA announced results from its Cachoeira Gold Project in northeast Para state, Brazil. Assays include 3.17 g/t gold over 8.1 metres (including 17.01 g/t over 1 metre), 4.42 g/t over 5.1 metres, 3.24 g/t over 10.8 metres (including 7.68 g/t over 4 metres), 11.64 g/t over 2 metres, 5.4 g/t over 4.7 metres, 4.77 g/t over 7 metres (including 23 g/t over 1 metre) and 21.83 g/t over 6.6 metres (including 88.28 g/t over 1.6 metres).
President/CEO John Blake commented, “These ongoing results continue to unlock upside potential and increased confidence in the Cachoeira deposit. These results combined with those previously drilled, are being incorporated into a maiden NI 43-101 mineral resource estimate to be released in December 2010 for the Cachoeira Gold Project. Luna Gold will continue with exploration at Cachoeira and at Aurizona to pursue further resource development in the Company’s highly prospective landholding in this mining friendly region of Brazil.”
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by Ted Niles