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Lundin Gold Reports High Grade Intercepts From Near-Mine Program, Leading to Expansion of Program in 2023
VANCOUVER, BC, May 4, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to announce
About this update from Lundin Gold Inc.
[{"type":"text","content":" VANCOUVER, BC, May 4, 2023 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to announce results from the near-mine and conversion drilling programs at its 100% owned Fruta del Norte (\"FDN\") gold mine in southeast Ecuador. Of note, the near-mine drill program has discovered three new targets of interest, Fruta del Norte South (\"FDNS\"), Bonza Sur and Castillo, located to the south of FDN (see Figure 1). Highlights are outlined below and detailed results at the end of the release. Highlights from near-mine exploration holes drilled (not true widths): Drill hole FDNS-2023-019 intersected 5.16 g/t gold (\"Au\") over 41.8 m from a depth of 397.3 m, including: 8.56 g/t Au over 18.0 m from 421.3 m (at FDNS) Drillhole BLP-2022-016 intersected 8.27 g/t Au over 39.0 m from a depth of 58 m, including: 277.0 g/t Au over 1.0 m from 70.0 m (at Bonza Sur) Drillhole BLP-2023-022 intersected 46.98 g/t Au over 3.5 m from a depth of 126.6 m, including: 87.58 g/t Au over 1.8 m from 128.3 m (at Bonza Sur) Ron Hochstein, President and CEO, commented, \"I am pleased to announce exciting drill results from Lundin Gold's near-mine drilling program. These results demonstrate the significant exploration potential of our land package that we have just started to test. The discovery of FDNS, which shows similar characteristics to FDN, and high-grade intercepts drilled at other targets of interest along trend, are evidence of the potential significant gold mineralization in multiple targets surrounding the FDN deposit. Based on these results, we want to accelerate the delineation of these new exploration opportunities and are therefore planning to increase our near-mine drilling program for 2023 from 15,500 to 23,000 metres while maintaining our regional exploration program at 12,500 metres.\" NEAR-MINE EXPLORATION PROGRAM The near-mine program focuses on exploring sectors located along trend of the FDN deposit and within extensions of its major controlling structures. Initial drill results published in January (see news release published on January 26th, 2023) identified potential areas of interest. Based on further drilling conducted at the start of 2023, these areas are now better understood and have enabled the delineation of a new mineralized zone, FDNS, and the...