trending Market Intelligence /marketintelligence/en/news-insights/trending/ei1AKsIq9cUjxCFg_jzpyA2 content esgSubNav
In This List

Lumina secures additional mining title near Cangrejos gold project in Ecuador

Blog

World Exploration Trends 2022

Blog

Gold Market Outlook

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


Lumina secures additional mining title near Cangrejos gold project in Ecuador

Lumina Gold Corp. secured a mining title for the Cangrejos 20 concession, which is surrounded by the company's early-stage Cangrejos gold project in Ecuador.

Additionally, the company was awarded three highly prospective concessions, Tres Pichachos, La Canela and Las Orquideas, through an auction process conducted by the Ecuadorian government.

Previous work on the 4,828-hectare Tres Pichachos and 3,187-hectare La Canela concessions indicates large, high amplitude gold geochemical signatures.

At the 4,743-hectare Las Orquideas concession, a 3-kilometer-long, highly anomalous rock and soil copper-molybdenum anomaly that covers a ridge feature.

Lumina noted in its Dec. 22 release that the granting of the Cangrejos 20 title is key to the consolidation and development of its mineral holdings in the Cangrejos gold-copper district.

The company anticipates the granting of the mining titles for the additional concessions in January 2017.