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Lumina Gold Corp(LUM-X)
TSX Venture

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Lumina Gold Announces Positive Cangrejos Pre-Feasibility Study; US$2.2 Billion NPV, 26 Year Mine Life and Production of 371,000 Gold Ounces Per Year and 41 Million Pounds of Copper Per Year

PR Newswire - Mon Apr 17, 2023

VANCOUVER, BC, April 17, 2023 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the "Company" or "Lumina") is pleased to announce it has received positive results from the Preliminary Feasibility Study (the "PFS"), prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), for its 100%-owned Cangrejos Project ("Cangrejos" or the "Project"). The work that was completed as the basis for the PFS was managed by Ausenco Engineering Canada Inc. ("Ausenco"), along with oversight and input from Lumina's representative, MTB Enterprises Inc. The PFS demonstrates further improvements upon the Company's two prior preliminary economic assessments for the Project, with the latest being the 2020 Preliminary Economic Assessment (the "2020 PEA"). The following is a summary of improvements at Cangrejos since the 2020 PEA:

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