Lumina Gold's Cangrejos Project

The Drill Down: Best Gold Assays (June 7-14)

The latest data, identified using the Mining Intelligence platform, reveals a series of impressive gold assays from various exploration and production stages around the world.

This week’s drill down focuses on the top gold assay results from June 7-14, highlighting exceptional discoveries from Orezone Gold, Southern Cross Gold, and Lion One Metals. These results underscore the dynamic and evolving landscape of gold exploration, revealing promising prospects and potential growth areas within the mining sector.

Burkina Faso

Orezone Gold’s Bombore project has yielded the most impressive gold assay of the week with a remarkable intersection of 8 meters at 113.70 g/t gold starting from a depth of 38 meters. This result showcases Bombore’s potential as a high-grade, near-surface gold deposit. The project, already one of the largest undeveloped gold resources in Burkina Faso, benefits from excellent infrastructure and a favorable mining jurisdiction. Orezone Gold continues to enhance the project’s profile through consistent and strategic drilling, solidifying Bombore’s status as a significant contributor to Burkina Faso’s mining industry. With further drilling, Orezone aims to expand the resource base and unlock additional high-grade zones, which could significantly boost the project’s economics.

australia

At the Sunday Creek project in Australia, Southern Cross Gold reported a notable assay of 124.80 g/t gold over 3.6 meters from a depth of 1120.40 meters. This result highlights the deep potential of the Sunday Creek project and underscores the company’s successful exploration efforts. Located in the prolific Victorian Goldfields, Sunday Creek has demonstrated both high-grade and bulk tonnage potential. The high-grade nature of this discovery positions Southern Cross Gold as a key player in the Australian gold mining sector, with the potential for substantial resource expansion. The company’s ongoing exploration program aims to delineate further high-grade zones and understand the project’s geology better, which could lead to a significant resource upgrade.

Figi

Lion One Metals’ Tuvatu project in Fiji delivered an impressive assay of 97.46 g/t over 3.30 meters. This significant find underscores Tuvatu’s potential as a high-grade gold deposit, adding to the project’s already promising outlook. Located on the island of Viti Levu, Tuvatu is part of the highly prospective Navilawa mineral complex. Lion One Metals has been focusing on expanding the known high-grade zones while also testing new targets within the complex. This strategic approach not only highlights the potential for significant resource growth but also reinforces the project’s standing as a future high-margin gold producer. The recent assays are a testament to the efficacy of Lion One’s exploration strategy and the rich mineral endowment of the Navilawa area.

These outstanding assay results from Orezone Gold, Southerns Cross Gold, and Lion One Metals not only highlight the potential of their respective projects but also reflect the broader trends and opportunities within the global gold exploration industry. As these companies continue to advance their projects, we can anticipate further exciting developments and contributions to the mining sector.

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Chris Berry

Vice-President Sales

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