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Luna Gold Releases First Deep Drilling Results from Piaba

Luna Gold has reported encouraging assay results from the preliminary deep drilling campaign carried out at the Piaba gold deposit, located in Aurizona. The campaign was specifically performed to expand the depth of the mineralized structure at the Piaba deposit and to find high-grade gold target areas at depth of the system. The goals of the program have been achieved.

Piaba Drill Plan Map

The company intersected 25.10 g/t gold over 1.50 m, 10.45 g/t gold over 0.50 m and 4.89 g/t gold over 13.00 m in hole BRAZD436; and 6.09 g/t gold over 2.00 m, 5.74 g/t gold over 2.00 m and 1.94 g/t gold over 26.00 m in hole BRAZD438.

According to John Blake, Luna Gold's CEO and President, positive results have been obtained from the first deep drilling campaign, which has expanded the ore body of Piaba to vertical depths of more than 600 m. The Piaba deposit stays exposed at depth and along a 3.3 km of strike. All holes intercepted expansions of down-dip towards the main deposit. Six broadly spaced exploration hole results merges the Piaba deposit as a main mineralizing system. High-grade mineralization was encountered in many holes validating the deposit model. Upcoming campaigns will concentrate on vectoring to high-grade potential underground target areas. The key resource extension potential of Aurizona has been demonstrated through these results.

The company announced assay results for six holes, totaling 3,950 m, drilled at six segments, which enclose a 3 km strike of Piaba. The spacing of drill hole ranges from 300 to 900 m along strike. All holes intercepted the Piaba ore-body’s down-dip expansion together with strong hydrothermal alteration featured by sulfide, silica and graphite.

Piaba deposit is a deep-seated and huge orogenic gold deposit that contains high-grade cross-cutting structures present within a main shear zone.

Source: http://www.lunagold.com/

G.P. Thomas

Written by

G.P. Thomas

Gary graduated from the University of Manchester with a first-class honours degree in Geochemistry and a Masters in Earth Sciences. After working in the Australian mining industry, Gary decided to hang up his geology boots and turn his hand to writing. When he isn't developing topical and informative content, Gary can usually be found playing his beloved guitar, or watching Aston Villa FC snatch defeat from the jaws of victory.

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