Tue Apr 22, 2008
Luna Gold Intercepts 73.00 M Of 1.47 G/T Au At Aurizona And Continues To Extend Gold Mineralization At Depth
--------------------------------------------------------------------------------
Vancouver, April 22, 2008 -- Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce new assay results from the Company's ongoing drill program at Piaba, the main gold deposit at its wholly owned gold project, Aurizona. Significant mineralized intercepts are highlighted below.
20.24 meters @ 2.30 g/t Au including 5.24 meters @ 4.25 g/t Au in hole BRAZD-252
73.00 meters @ 1.47 g/t Au in hole BRAZD-253
39.00 meters @ 1.56 g/t Au in hole BRAZD-255
Luna's CEO, Tim Searcy, comments, "This latest round of drilling at Piaba has focused primarily on extending the mineralization at depth. The first four holes, reported here, extend the mineralization at depth; however, the deepest of these mineralized intercepts are less than 150 m in the vertical. Therefore, there is still significant depth potential at Piaba that remains to be tested."
Complete assay results have been received for a further 4 holes totaling 795 metres drilled in the east central portion of the Piaba deposit. None of the results from this round of drilling have been included in the upcoming resource estimate, due out in mid May. All the drill holes intersected gold mineralization. Significant mineralized intercepts are tabulated below.
HOLE ID AZI DIP DEPTH (m) FROM (m) TO (m) INT (m) AU (g/t)
BRAZD-252 168 50 224.65 69.00 75.00 6.00 2.15
113.00 117.00 4.00 2.29
121.76 142.00 20.24 2.30
including 121.76 127.00 5.24 4.25
BRAZD-253 168 55 236.80 81.00 154.00 73.00 1.47
166.00 175.00 9.00 1.50
BRAZD-254 168 50 204.70 113.00 139.69 26.69 1.39
including 138.00 139.69 1.69 8.28
BRAZD-255 168 50 128.85 23.00 62.00 39.00 1.56
including 50.00 57.00 7.00 3.17
Table1. Mineralized intercepts from the Piaba deposit. Width in the table represents core width of the intersections, and does not represent the true width.
Luna's Exploration Manager, Titus Haggan states, "The Piaba drill program continues to intersect gold mineralization at depth. The gold is hosted in a highly altered volcanic sequence cut by quartz veins located within the major Aurizona structure, which also hosts the Tatajuba satellite deposit. The drill holes reported here are the first holes from the new Piaba deep drill program and the results demonstrate that the deposit remains open at depth."
Three of the drill holes were sited to test the vertical continuity to the fresh rock mineralization at Piaba. All these holes extended gold mineralization at depth. Drill hole BRAZD-252 intersected several zones of gold mineralization including 6.00 m @ 2.15 g/t in oxide and two zones of fresh rock mineralization, the best of which returned 20.24 m @ 2.30 g/t Au. BRAZD-253 intersected 73.00 meters @ 1.47 g/t Au from 81.00 meters depth and considerably extends the deposit at depth in this area. BRAZD-254 intersected 26.69 meters @ 1.39 g/t Au and also extends the depth of mineralization. BRAZD-255 was an infill hole on section 375W required for mine planning and intersected 39.00 meters @ 1.56 g/t Au.
About Luna Gold Corp
Luna is a mining exploration company focused on the acquisition, exploration, and development of gold resources and advanced stage gold exploration projects in northeastern Brazil.
