VANCOUVER, BC, Feb. 1, 2021 /CNW/ - Lumina Gold
Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or
"Lumina") is pleased to announce that it has received approval for
its Environmental Impact Study ("EIS") on the C20 concession that
contains the western portion of the Cangrejos deposit and the
entire Gran Bestia deposit. The EIS on the 779 hectare C20
concession will allow for unlimited step-out, infill and expansion
drilling beyond the prior work under the Scout Drilling Regime.
Lumina already had a valid Environmental Impact Study on the 3,498
hectare original Cangrejos concession and the two EIS's together
cover both existing deposits at the project.
Lumina is currently reorganizing its concession package in order
to streamline permitting and development of the Cangrejos and Gran
Bestia deposits, which previously straddled multiple concessions.
These EIS permits will carry over to allow work on the new 4,999
hectare main concession.
About Lumina Gold
Lumina Gold Corp. (TSXV: LUM) 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. Lumina has an experienced
management team with a successful track record of advancing and
monetizing exploration projects.
Further details are available on the Company's website
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LUMINA GOLD CORP.
Signed: "Marshall Koval"
Marshall Koval, President
& CEO, Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Cautionary Note Regarding Forward-Looking Information
Certain statements and information herein, including all
statements that are not historical facts, contain forward-looking
statements and forward-looking information within the meaning of
applicable securities laws. Such forward-looking statements or
information include but are not limited to statements or
information with respect to the unification of the two EIS permits
and reorganization of the concession package. Often, but not
always, forward-looking statements or information can be identified
by the use of words such as "will" or "projected" or variations of
those words or statements that certain actions, events or results
"will", "could", "are proposed to", "are planned to", "are expected
to" or "are anticipated to" be taken, occur or be achieved.
With respect to forward-looking statements and information
contained herein, the Company has made numerous assumptions
including among other things, assumptions about general business
and economic conditions, the prices of gold and copper, and
anticipated costs and expenditures. The foregoing list of
assumptions is not exhaustive.
Although management of the Company believes that the
assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that a forward-looking statement or information herein will prove
to be accurate. Forward-looking statements and information by their
nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause the
Company's actual results, performance or achievements, or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements or information. These factors include,
but are not limited to: risks associated with the business of the
Company; business and economic conditions in the mining industry
generally; the supply and demand for labour and other project
inputs; changes in commodity prices; changes in interest and
currency exchange rates; risks relating to inaccurate geological
and engineering assumptions (including with respect to the tonnage,
grade and recoverability of reserves and resources); risks relating
to unanticipated operational difficulties (including failure of
equipment or processes to operate in accordance with specifications
or expectations, cost escalation, unavailability of materials and
equipment, government action or delays in the receipt of government
approvals, industrial disturbances or other job action, and
unanticipated events related to health, safety and environmental
matters); risks relating to adverse weather conditions; political
risk and social unrest; changes in general economic conditions or
conditions in the financial markets; and other risk factors as
detailed from time to time in the Company's continuous disclosure
documents filed with Canadian securities administrators. The
Company does not undertake to update any forward-looking
information, except in accordance with applicable securities
SOURCE Lumina Gold Corp.