Luna Gold has announced positive drilling results from the eight holes at Piaba gold deposit, Aurizona.
Luna Gold intersects 5.99 g/t gold over 2.00 m and 6.44 g/t gold over 1.00 m in hole BRAZD285, 4.20 g/t gold over 1.00 m in hole BRAZD286. It also cuts 10.65 g/t Au over 1.00 m and 8.85 g/t Au over 2.00 m in hole BRAZD287, 130.45 g/t Au over 2.00 m in hole BRAZD288
The drilling results are stable, which reveals the strike and depth continuity of the ore. The occurrence of mineralization is encouraging along strike and depth, so that there will be an increase in gold resource during the drilling program completion.
Luna Gold began a 20,000 m drilling in August 2010 and it has seven drill rigs in action now at Aurizona. It receives assays results from 15 holes and 7 additional holes results are pending. At present, infill drilling is carried out over 3 kilometer strike length at the Piaba deposit to raise measured and indicated resources.
The company receives drilling results from eight drill holes totaling around 1,738 m drilled scheduled on five sections in the central portion of the Piaba deposit. All drill holes has encountered gold mineralization and the deposit continues to open at depth on all sections.
The significant drilling rates are accelerated with mobilization of two extra rigs. At present, there is a program to finalize drilling in the fourth quarter of 2011. Also, near mine exploration targets are being carried to the drill stage.