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Lupaka Samples 9.22 g/t Au-Eq. Over A Strike Length of 130 m from the Newly Developed 3430 Sublevel at Invicta
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2018) - Lupaka Gold Corp. (TSXV: LPK) (...
About this update from Lupaka Gold Corp.
[{"type":"text","content":"Lupaka Samples 9.22 g/t Au-Eq. Over A Strike Length of 130 m from the Newly Developed 3430 Sublevel at InvictaVancouver, British Columbia--(Newsfile Corp. - June 7, 2018) - Lupaka Gold Corp. (TSXV: LPK) (FSE: LQP) (\"Lupaka Gold\" or the \"Company\") is pleased to announce the results from a recent systematic underground sampling program on the newly developed 3430 production sublevel, located 30 metres up-dip of the 3400 Level, at the Company's 100% owned Invicta Gold Development Project (\"Invicta Project\" or \"Invicta\"). Sampling Program Highlights:Sample assay values from the Atenea vein on the 3430 sublevel averaged 9.22 grams per tonne (“g/t”) gold equivalent1 (“Au-Eq.”) over a strike length of 130 metres (“m”), with an average sample width of 4.2 mAverage grade of 9.22 g/t Au-Eq. is higher than the estimated grade of 8.12 g/t Au-Eq. within the block model of the sampled area on the 3430 sublevel and appears consistent with the 9.86 g/t Au-Eq. sampled on the 3400 Level (see news release dated March 15, 2018)Geological mapping shows that the hanging wall split has merged with the footwall zone on the 3430 sublevel, which could potentially result in more efficient mining and lower dilution than the assumptions in the PEADevelopment on the 3430 sublevel, including the crosscuts, plus geological mapping and sample assay values demonstrate horizontal widths ranging from 4 m up to 12 m for the Atenea vein on the 3430 sublevel Development Highlights:Approximately 235 m of horizontal development, including 5 cross-cuts, has been completed on the 3430 sublevel, ending in mineralization on the eastern faceVent raise from 3400 Level to 3430 sublevel has been completed ventilation circuit established \"Results from the underground sampling program on the newly constructed 3430 sublevel are very encouraging and demonstrates the continuity of the Atenea mineralization both up-dip from the 3400 Level and along strike. Having learned the hanging wall split merges with the footwall zone is an important geological discovery and provides an opportunity to improve on our conceptual mine development costs and dilution assumptions in the PEA. With sampled grades from the 3430 sublevel coming in higher than within our Mineral Resource block model from the same area, we remain well positioned for the co...