Luna Gold Corp. (fka LGCUF)

[b4atf]

Luna Gold Drills 13.50 Meters @ 3.15 G/T Au Including 3.00 Meters @8.12 G/T Au at Aurizona

Oct 27, 2011 08:53:43 (ET)

VANCOUVER, BRITISH COLUMBIA, Oct 27, 2011 (MARKETWIRE via COMTEX) -- Luna Gold Corp. (bvlac:LGC) ("Luna Gold" or the "Company") is pleased to announce additional positive assay results from 23 new holes from the resource drill program now nearing completion at the Piaba gold deposit, Aurizona. An updated drill plan map and 3D Corebox model showing the drill hole locations in the deposit have been uploaded to the Luna Gold website at www.lunagold.com or to view directly click below.

Significant intercepts:


-- 13.50 meters @ 3.15 g/t Au including 3.00 meters @ 8.12 g/t Au in
BRAZD333
-- 4.00 meters @ 9.46 g/t Au including 0.50 meter @ 59.10 g/t Au in
BRAZD329A
-- 36.00 meters @ 1.54 g/t Au including 1.00 meter @ 4.99 g/t Au and 1.00
meter @ 17.75 g/t Au in BRAZD335



Updated Drill Plan Map: http://www.lunagold.com/i/maps/Aurizona/DrillPlanMap-21102011.pdf .

Luna Gold's President & CEO, John Blake, comments, "The company commenced a 20,000 meter drill program in August 2010, which was extended by 20,000 meters in July 2011. Our exploration team remains on target to complete the NI 43-101 resource update in Q4. All results published to date confirm consistent continuity of mineralization along strike with the deposit remaining open at depth.

The aim of the program is to significantly increase the company's gold resources by upgrading inferred resources to the measured and indicated categories and by the addition of new ounces at depth and along strike. Previous results, in combination with these results, give us great confidence to deliver these goals."

Of the current 40,000 meter drill program, which commenced in August 2010, assays from 72 diamond holes totaling 19,490 meters have been received and samples from 43 additional holes are currently at the assay lab. Today's assay results are for twenty three drill holes totaling 5,265 meters drilled on 18 sections covering a strike extent of 2.0 kilometers of the Piaba deposit. In eleven holes, core was not recovered from surface. Six of these holes were drilled down dip and are reported separately below. All drill holes intersected considerable zones of gold mineralization and the deposit remains open at depth. Significant mineralized intercepts from holes drilled across the deposit are tabulated below.