Lundin Gold reports further high-grade intercepts from its 2023 exploration programmes

Published by Jane Bentham,
Editorial Assistant

Global Mining Review,

Lundin Gold Inc. has announced recent results from its conversion and near-mine exploration programmes at its 100% owned Fruta del Norte (FDN) gold mine in southeast Ecuador.

The 2023 conversion drilling programme, targeting Inferred Mineral Resources within the FDN deposit, has now been concluded and several high-grade results confirm mineralisation immediately adjacent to where operations in the mine are currently taking place. In parallel, the near-mine programme has successfully advanced in defining and expanding Bonza Sur, a new epithermal system discovered to the south of FDN.

Highlights from underground conversion holes drilled (not true widths):

  • Drill hole FDN-C23-062 intersected 6.92 g/t gold (“Au”) over 48.5 m from 50.60 m, including 22.88 g/t Au over 8.70 m
  • Drill hole FDN-C23-048 intersected 6.49 g/t Au over 37.9 m from 123.30 m, including 12.59 g/t Au over 6.60 m
  • Drill hole FDN-C23-042 intersected 8.32 g/t Au over 18.7 m from 89.00 m, including 16.78 g/t Au over 6.70 m
  • Drill hole FDN-C23-067 intersected 20.01 g/t Au over 14.20 m from 14.60 m, including 34.86g/t Au over 7.1 m

Highlights from near-mine surface exploration holes drilled at Bonza Sur (not true widths):

  • Drill hole BLP-2023-042 intersected 7.44 g/t Au over 8.8 m from 620.20 m, including 34.68g/t Au over 1.8 m
  • Drill hole BLP-2023-053 intersected 5.87 g/t Au over 11.90 m from 168.4 m, including 14.39 g/t Au over 4.0 m

Ron Hochstein, President and CEO, commented, “I am very pleased with the progress of Lundin Gold’s 2023 exploration programmes. The conversion programme has successfully concluded and has defined several wide, high-grade mineralised zones in distinct sectors outside the current reserve that we expect to underpin further future conversion of resources to reserves, while results received from drilling at Bonza Sur have expanded its mineralisation footprint. We are encouraged by the promising drill results, exemplified through the expansion of our exploration programmes to a minimum of 50 000 m in 2023, the largest drilling programme since 2007. We believe that these programmes will enable the generation of significant shareholder value in years to come.”

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