Luna Gold Corp. (fka LGCUF)

[b4atf]

Canadian Gold Company's Brazil Project Targeted By Robbers

Dec 30, 2010 07:16:32 (ET)


DOW JONES NEWSWIRES

A Canada-based junior mining company exploring for gold in Brazil was the target of an armed robbery Wednesday.

Vancouver-based Luna Gold Corp. (LGC.V) said a group of armed robbers took about 1,500 ounces of gold from its Aurizona operation, which is in Maranhao State. No one was injured.

Gold has recently been trading above $1,400 an ounce.

Luna said it has insurance to cover this type of loss and is in the process of filing a claim. The robbery is under investigation by local police.

Luna, which trades on the TSX Venture Exchange, is focused on fast-tracking the development of the Aurizona project. Its other Brazil gold project is called Cachoeira.

-By Carolyn King, Dow Jones Newswires; 416-306-2100; [e-mail]

(END) Dow Jones Newswires

December 30, 2010 07:16 ET (12:16 GMT)