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Lupaka Reports 23.45 g/t Au-Eq. Over ~ 30 m from Sampling in Vertical Raise Development, in Preparation for Mining at Invicta
Vancouver, British Columbia--(Newsfile Corp. - July 5, 2018) - Lupaka Gold Corp. (TSXV: LPK) (...
About this update from Lupaka Gold Corp.
[{"type":"text","content":"Lupaka Reports 23.45 g/t Au-Eq. Over ~ 30 m from Sampling in Vertical Raise Development, in Preparation for Mining at InvictaVancouver, British Columbia--(Newsfile Corp. - July 5, 2018) - Lupaka Gold Corp. (TSXV: LPK) (FSE: LQP) (\"Lupaka Gold\" or the \"Company\") is pleased to report channel sample results conducted vertically within the relief raise development at the Company's 100% owned Invicta Gold Development Project (\"Invicta Project\" or \"Invicta\"). Sampling Program Highlights:Channel sample assay values from across the strike of the Atenea vein, within the raise development, returned an average of 23.45 grams per tonne (\"g/t\") gold equivalent* (\"Au-Eq.\") over a vertical height of approximately 30 metres (\"m\") Sampling returned significant grades as illustrated by sample 2606E which returned 227.77 g/t Au-Eq. over a sample width of 1.2 m * 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 mill recoveries of 85% for Au, 80% for Ag, 82 % for Cu and Pb, and 77% for Zn, assays are uncapped. \"The results from sampling within the vertical raise development between the 3400 Level and 3430 sublevel are very encouraging. When combined with the horizontal channel sampling results from the 3430 sublevel (as reported on June 7, 2018), the channel sample results provide further confidence in the continuity and high grade nature of the mineralization within the Atenea vein, and our mine plan. With the relief raise now competed we are one step closer to production at the Invicta Mine, which we expect to commence on schedule in Q3.\"Will Ansley, President and CEO of LupakaSampling Program and Development SummaryThe relief raise is approximately 30 m in height and was developed from the 3400 Level up to the 3430 sublevel in preparation for blasting the initial block of production. Channel sampling was conducted across the vein strike at vertical intervals of approximately 2.0 m throughout the entire height of the relief raise, and each sample is approximately 1.2 m in width. The results illustrate the continuity of the mineralization and grades of the vein between the two levels. The commencement of the relief raise on the 3400 Level was located in line with channel 23 from the 3400 Level ...