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Lupaka Reports 10.69 g/t Au-Eq. Along Strike Length of 65 m from Extension on 3430 Sublevel at Invicta; On-Vein Development Extended by 105 m
Toronto, Ontario--(Newsfile Corp. - September 18, 2018) - Lupaka Gold Corp. (TSXV: LPK) (FSE: ...
About this update from Lupaka Gold Corp.
[{"type":"text","content":"Lupaka Reports 10.69 g/t Au-Eq. Along Strike Length of 65 m from Extension on 3430 Sublevel at Invicta; On-Vein Development Extended by 105 mToronto, Ontario--(Newsfile Corp. - September 18, 2018) - Lupaka Gold Corp. (TSXV: LPK) (FSE: LQP) (\"Lupaka Gold\" or the \"Company\") is pleased to announce results from the ongoing systematic underground channel sampling program from the new development headings on the 3400 Level and 3430 sublevel, at the Company's 100% owned Invicta Gold Development Project (\"Invicta\").Highlights:3430 sublevel - Development and channel sampling of the Atenea vein has been extended by 105 metres (\"m\") along strike to the west and northeast; Average channel sample grade of 9.06 grams per tonne (\"g/t\") gold equivalent* (\"Au-Eq.\") over a strike length of 235 m, with an average sample width of 3.87 mLow-grade mineralized zone on the 3430 sublevel, designed as a pillar in the mine plan, is only 35 m in length versus an estimate of 44 m in the block model, followed by a new interval to the northeast of 10.69 g/t Au-Eq. along a strike length of 65 m, with an average width of 3.50 m3400 Level - Development and channel sampling of the Atenea vein has been extended by 70 m along strike to the west and northeast; Average channel sample grade of 9.04 g/t Au-Eq over a strike length of 200 m, with an average sample width of 4.88 mThe average grades returned from the Atenea vein channel sampling program, on both development levels, continue to be higher than the estimated grade of 8.58 g/t Au-Eq.** included in the Preliminary Economic Assessment (\"PEA\") mine plan, and confirm the high-grade continuity of the Atenea vein * Au-Eq. calculations are based on US$1250 for gold (\"Au\"), US$17.00 for silver (\"Ag\"), US$3.00 for copper (\"Cu\"), US$1.25 for zinc (\"Zn\"), and US$1.05 for lead (\"Pb\"), with assumed metallurgical recoveries of 85% for Au, 80% for Ag, 82 % for Cu and Pb, and 77% for Zn.**Individual estimated grades were 5.54 g/t Au, 44.34 g/t Ag, 0.87% Cu, 0.76% Pb, and 1.02% Zn\"Our underground development program, and associated channel sampling assay results, continue to demonstrate continuity of the high-grade mineralization at Invicta. Since initiating the underground program only a few months ago, we have been able to extend the on-strike development by 105 m on the 3430 sublevel to over 235 m, ...