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Lundin Gold Reports High-Grade Mineralization at FDNS as Part of Near-Mine Drilling Program
Highest-grade drill holes reported at FDNS confirm high grade vein system close to mine infrastructure VANCOUVER, BC, July 31, 2024 /CNW/ - Lundin Gold Inc.
About this update from Lundin Gold Inc.
[{"type":"text","content":" Highest-grade drill holes reported at FDNS confirm high grade vein system close to mine infrastructure VANCOUVER, BC, July 31, 2024 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) (\"Lundin Gold\" or the \"Company\") is pleased to announce additional results from its ongoing 2024 near-mine and conversion drilling programs at its 100% owned Fruta del Norte (\"FDN\") gold mine in southeast Ecuador. The near-mine drilling program at FDN South (\"FDNS\") returned significant results, highlighted by one of the highest-grade intercepts achieved in this sector to date. The conversion drilling program continues to advance in the north sector of the FDN deposit with wide and high-grade drilling results returned in areas adjacent to mine workings. Highlights from the FDNS and conversion programs are outlined below. Detailed results are provided at the end of this release (see Appendix 1). FDNS Exploration Highlights (not true widths): Drill hole UGE-S-2024-138 intersected 27.04 grams per tonne (\"g/t\") of gold (\"Au\") over 30.10m from 18.1m, including: 109.27 g/t Au over 6.30m 13.31 g/t Au over 8.10m Drill hole UGE-S-24-129 intersected 17.14 g/t Au over 8.05 m from 130.60 m, including: 31.28 g/t Au over 3.90 m Drill hole UGE-S-24-132 intersected 7.71 g/t Au over 9.05 m from 99.7 m, including: 29.17 g/t Au over 2.15 m Conversion Drilling Highlights (not true widths): Drill hole FDN-C24-134 intersected 8.63 g/t Au over 69.00 m from 0.8 m, including: 17.91 g/t Au over 23.20 m Drill hole FDN-C24-111 intersected 6.11 g/t Au over 122.05 m from 126.40 m, including: 17.96 g/t Au over 5.6 m Drill hole FDN-C24-107 intersected 18.23 g/t Au over 32.85 m from 0.0 m, including: 67.82 g/t Au over 7.8 m Ron Hochstein, President and CEO, commented, \"I am very pleased with the continued advancement of our exploration programs. FDNS is near our existing infrastructure and the high-grade zone currently being delineated continues to suggest meaningful Mineral Resource upside and potential for expansion at FDN. In addition, the conversion program continues to intercept wide and high-grade zones within the FDN deposit resource envelope that we expect will lead to continued conversion of Mineral Resources to Reserves. Importantly, our exploration programs are illustrating the potential for continued replacement of mined Minera...