Vancouver The first few holes of a deep-drilling program by Luna Gold (LGC-V) have extended the Piaba gold deposit at depth while also returning several mineralized intercepts, notably 73 meters grading 1.47 grams gold per tonne. Piaba is the most advanced of several gold deposits at the company’s Aurizona property in northeastern Brazil.
Luna released results from four holes of its recent drilling program, which focused on extending the Piaba deposit at depth. All four holes intersected gold mineralization to a maximum vertical depth of about 150 meters. Highlights include 20.24 meters grading 2.3 grams gold, including 5.24 meters at 4.25 grams gold, and 39 meters grading 1.56 grams gold.
The four holes totaling 795 metes were drilled in the east-central portion of the deposit, and have not been included in the resource estimate scheduled to be released shortly. Luna believes that there is still significant depth potential that remains to be tested at Piaba.
The gold district encompassing the Aurizona project was first exploited on a small-scale by Jesuit miners in the 17th century. Mining continued into the 1800s, when miners from the Minas Gerais district were brought to the region. In more recent times, a unit of Brascan and Eldorado Gold (ELD-T) explored the project and outlined a historic resource.
Gold mineralization at Piaba is hosted in a highly altered volcanic sequence cut by quartz veins located within the major Aurizona structure, which also hosts the satellite Tatajuba deposit. Since acquiring the Piaba deposit in early 2007, Luna has expanded its holdings and now controls 100% of 70,000 hectares in a historic gold district with good infrastructure that has seen little exploration using modern technology and geological concepts. The land package is situated within the northern corner of Maranhao State, near the coast of the Atlantic Ocean.
Be the first to comment on "Luna drilling extends main gold deposit at Aurizona project"