
Lumina Gold Draws Down Funds To Wrap Up Resource And Metallurgical Drilling
Lumina Gold Vice President of Corporate Development and Communications Scott Hicks joined Steve Darling from Proactive to share significant developments regarding the company's precious metals purchase agreement.
Lumina gold has drawn down a total of $16.7 million under the previously announced $300 million agreement. These funds will enable the company to continue its resource definition and metallurgical drilling efforts, slated to commence in December.
These activities are crucial in supporting the Feasibility Study for Lumina's Cangrejos gold-copper project in southwest Ecuador. The company has ambitious plans to deploy up to twelve drill rigs on-site to complete the geotechnical and resource definition program, with an expected completion date in Q1 2024.
Additionally, the drilling program will provide fresh material for the upcoming round of metallurgical test work, further supporting the Feasibility Study.
These advancements underscore Lumina Gold's commitment to the successful development of the Cangrejos project and its mission to unlock the project's full potential.
Contact DetailsProactive Investors
+1 604-688-8158
...
View source version on newsdirect:
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment