Luna Gold Corp. (fka LGCUF)

[b4atf]

LUNA GOLD FURTHER INCREASES STRATEGIC LAND POSITION AT AURIZONA
Dec 13, 2010 09:21:00 (ET)


VANCOUVER, Dec 13, 2010 /PRNewswire via COMTEX/ -- Luna Gold Corp. (TSXV-LGC) ("Luna" or the "Company") is pleased to announce that it has been granted a further 35,000 ha of new mineral exploration licenses in the Aurizona Regional project area by the Brazilian Mines Department (DNPM).

The granting of the four new exploration licences has increased the Company's landholding to 165,000 ha of contiguous areas 100% owned by Luna's Brazilian subsidiary company. The Aurizona Regional project area is located to the southwest and southeast of the Aurizona Main project area and contains multiple shear zones and numerous historic artisanal gold workings. A new claim map has been uploaded to the Luna Gold website at www.lunagold.com or to view map directly click here.

Luna's President & CEO, John Blake, comments, "This latest addition to our landholding further consolidates our dominant and strategic land position in the prospective Aurizona Regional district. The area is 100% owned by Luna and has seen very little modern exploration."

The Aurizona Regional project is located within the São Luis Craton, southeast of the Guiana shield, which hosts several major gold deposits including Rosebel and Las Cristinas. Geologic reconstruction of the South American and African continents places the São Luis Craton in close proximity to the Birimian Gold Belt of West Africa. Strong geologic and structural similarities exist between the São Luis Craton, the Guiana shield and the West African Craton. The area is characterized by low relief and an extensive sedimentary cover sequence with deep weathering profiles. Over 50 gold garimpos (artisanal gold workings) occur within the Aurizona Regional project area. Historic exploration in the district was limited to soil and rock sampling, auger drilling, geophysical surveys and some shallow reconnaissance drill holes.

Luna's VP Exploration, Titus Haggan, states, "These areas were staked following a detailed reinterpretation of Luna's proprietary aerogeophysical survey in late 2009 and field reconnaissance in early 2010 which identified extensions to the Aurizona Group greenstone terrain in northwest Maranhão in areas previously mapped as crystalline basement. Numerous regional scale structures and strong magnetic anomalies occur in the new areas which are characteristics shared with the Aurizona Main gold camp. Our exploration teams are currently exploring in four target areas at Aurizona Regional."