Press release from Marketwire
Luna Gold-Production Results for the Second Quarter 2013
Thursday, July 25, 2013
Luna Gold-Production Results for the Second Quarter 201305:30 EDT Thursday, July 25, 2013
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2013) - Luna Gold Corp. (TSX:LGC)(OTCQX:LGCUF)(LMA:LGC) ("Luna" or the "Company") releases production results for the second quarter 2013 ("2Q13") at its Aurizona Gold Mine.
Production for 2Q13 was 18,850 ounces of gold.1
|Processed ore (tonnes)||383,491||831,481|
|Ore grade processed (g/t)||1.68||1.53|
|Metallurgical recovery (%)||92.30%||91.38%|
|Gold produced 2 (oz)||18,853||36,056|
1 Production statistics are unaudited and may be subject to change.
2 Gold produced represents physical gold output from the processing plant. The variance between gold produced and the theoretical gold recovered is represented as changes in estimated gold work in progress inventory.
The Aurizona Gold Mine Phase I expansion project remains on budget at US$50 million, with commissioning expected in late fourth quarter 2013. Visit the Aurizona Phase I Expansion gallery (http://www.lunagold.com/en/operations/Phase1PhotoGallery.asp) for recent construction photos.
Luna Gold will provide a detailed update in its 2Q13 Management's Discussion and Analysis, which will be released after market close on August 14, 2013.
About Luna Gold Corp.
Luna is a gold production company engaged in the operation, expansion, and exploration of gold projects in Brazil.
On behalf of the Board of Directors
LUNA GOLD CORP.
John Blake, President and CEO
This release contains certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements include, but are not limited to, statements with respect to future gold production and/or the results of analysis on gold production. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in Luna Gold Corp.'s periodic filings with Canadian Securities Regulators. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties with or interruptions in production and operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including environmental regulatory restrictions and liability, competition, loss of key employees, and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Luna Gold Corp.