Luna Gold Corp. (fka LGCUF)

[b4atf]

Luna Gold Drills 23.00 Metres @ 4.04 g/t Au Including 6.00 Metres @12.40 g/t Au at Aurizona and Commences Drilling at Near MineExploration Target

Nov 29, 2011 09:18:52 (ET)


VANCOUVER, BRITISH COLUMBIA, Nov 29, 2011 (MARKETWIRE via COMTEX) -- Luna Gold Corp. (bvlac:LGC) ("Luna Gold" or the "Company") is pleased to announce positive assay results from 30 additional holes from the resource drill program 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:


-- 23.00 meters @ 4.04 g/t Au including 6.00 meters @ 12.40 g/t Au in
BRAZD400 (Section 1300E - New East Extension)
-- 71.00 meters @ 1.69 g/t Au in BRAZD390 (Section 1100E - New East
Extension)
-- 18.00 meters @ 3.54 g/t Au including 2.50 meters @ 7.30 g/t Au and 1.00
m @ 12.40 g/t Au in BRAZD391 (Section 1900W - New West Extension)



Updated Drill Plan Map

To view the Map, visit the following link: http://www.lunagold.com/i/pdf/Piaba_Drill_Plan_Map_241111.pdf .

Luna Gold's President & CEO, John Blake, comments, "We are on target to finalize the NI 43-101 resource update in early December. These new drill results, inclusive of high grade holes located well outside the boundary of our current resource estimate, are of major significance. They further extend the strike length of the Piaba deposit beyond the limits announced earlier this month (see Luna press release dated November 7, 2011) and continue to demonstrate Aurizona's growth potential. Management is very encouraged by the continued positive trend in drill results and we look forward to further development possibilities."

Today's assay results are for thirty drill holes totaling 6,961 meters drilled on 17 sections covering the now extended 3.3 kilometer strike length of the Piaba deposit. Significant mineralized intercepts from holes drilled across the deposit are tabulated below.