Luna Gold Corp. (fka LGCUF)

[b4atf]

Luna Gold Announces Record Quarterly Gold Production of Over 19,000Ounces in Third Quarter 2012

Oct 11, 2012 06:01:14 (ET)


VANCOUVER, BRITISH COLUMBIA, Oct 11, 2012 (MARKETWIRE via COMTEX) -- Luna Gold Corp. (lma:LGC)(otcqx:LGCUF) ("Luna" or the "Company") is pleased to announce both its gold production update at the Aurizona Gold Mine for the quarter ended September 30, 2012 and its updated gold production guidance for 2012.

The Aurizona Gold Mine produced a quarterly record of 19,391 ounces during the third quarter. Luna's original full year 2012 gold production guidance of 60,000 ounces has been updated to between 68,000 and 70,000 ounces.

John Blake, Luna's President and CEO, stated, "Luna Gold continued to deliver on its planned quarterly production. In light of our strong year to date production results, the Company has updated its 2012 production guidance target from the Aurizona Gold Mine. This performance has been achieved through solid teamwork throughout the Company and a consistent commitment to operational improvements. Commissioning of a new carbon reactivation kiln, intense leach reactor, and electro-winning cells is expected to occur during the first quarter of 2013. These equipment upgrades should further increase our gold recovery."