Lumina Gold: One of the Largest Gold Discoveries
Advancing the largest primary gold deposit in Ecuador
Lumina Gold is a Vancouver, Canada based precious and base metals exploration and development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador. Further, over 20 years, Lumina’s management team has sold seven public companies and delivered to shareholders.
Cangrejos Gold-Copper Project
Lumina’s Cangrejos project is located in the Andean foothills of El Oro province, in southwestern Ecuador. Moreover, El Oro province has a long established history of mining, which is a way of life in many areas.
In 1994 Lumina (formerly Odin Mining) identified the Cangrejos area as the source of the Biron alluvial gold deposit which yielded 69,000 ounces of gold. A joint venture was formed with Newmont and during the period 1994 to 2001 geophysical and geochemical surveys were completed and anomalies were tested by diamond drilling. Additionally, the Cangrejos zone was discovered by hole CC-99-14 which intersected 1.57 g/t Au over 192m.
At Cangrejos, porphyry style Au-Cu mineralization is associated with a sequence of intercalated porphyritic dioritic intrusions and hydrothermal breccias. Better Au grades correlate with potassic alteration and chalcopyrite-bornite occurring as fine disseminations and in quartz veins. This northeast trending zone was discovered by Newmont in 1999 and tested by 3 Odin drill holes in 2011.
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