Luna Gold Corp. (fka LGCUF)

[Tommy]

$LGCUF - $LGC.V - Luna Gold Increases Proven and Probable Mineral Reserve to 2.36 Million Ounces at Its Piaba Gold Deposit in Brazil

http://www.lunagold.com/en/News/search.aspx

... "Highlights

Piaba deposit Proven and Probable mineral gold Reserve of 2.36 million ounces including 56 million tonnes of ore with life of mine average 1.32 grams of gold per tonne ("g/t", and the "April 2013 Reserve")

New reserve represents a 222% increase in Proven and Probable Reserves when compared to the Piaba July 2010 Reserve statement

Piaba deposit reserves are contained within Aurizona property, which also contains Measured and Indicated gold Resources of 3.63 million ounces with inferred resource of 1 million ounces of gold (as announced on March 14, 2013)

The Piaba deposit remains open along strike and at depth. In addition, brownfields exploration potential at Aurizona is exceptional as demonstrated by the emerging Boa Esperança, Ferradura, Conceição, and Tatajuba deposits

Based on the April 2013 Reserve and the anticipated completion of Phase I Expansion nameplate processing capacity of 10,000 tonnes per day, Piaba's expected mine life has been extended to 2027 (approximately 15 years). Completion of the Phase I expansion is expected in the fourth quarter of 2013

As a result of an increase of Piaba's Proven and Probable Reserves average gold grade combined with the Phase I expansion, the Aurizona average life of mine gold production is now estimated between 125,000 and 140,000 ounces per annum" ...