Luna Gold Corp Website
Luna Gold Corp. is in the business of acquiring, exploring, operating and developing gold resource properties in Brazil. Luna's proven management team has extensive experience in all facets of the mining industry, and are focused on achieving optimized production of 60,000 oz Au per year at Aurizona, increasing the resource base, expanding on the maiden NI 43-101 resource estimate at Cachoeira and developing Cachoeira as an organic growth pipeline project. Total gold resources at Aurizona are currently estimated at 904,300 oz M&I, and 400,000 oz Inferred. Luna has commenced a 20,000m drill program to increase the size of the Aurizona resource base and define new oxide gold deposits within trucking distance of the Aurizona plant. Total gold resources at Cachoeira are currently estimated at 446,000 oz M&I, and 221,300 oz Inferred. Additionally, the Company is actively exploring for new deposits in the Maranhão Greenfields area.
The Maranhão Greenfields project consists of all Company exploration permits located outside of the Aurizona Main area and covers an area of 170,000 ha (Fig. 3). There are over 100 hard rock (primary) gold garimpos located within the Maranhão Greenfields permits (Fig. 3). Luna has inherited a large database covering Maranhão Greenfields from the project vendors which includes airborne geophysical surveys, soil, auger and drill data. These data are being reviewed and targets prioritized. Luna initiated a reconnaissance program of mapping and rock chip sampling in 2008 which returned gold values of up to 9.71 g/t Au in rock grab samples (these samples were neither part of, nor alone do they constitute, a statistically representative sampling program). The Company has also commissioned a high resolution satellite image (Geoeye-01) covering the entire project area.