| | Luna Gold Corp. (TSX-V:LGC) is in the business of acquiring, exploring, and developing gold resources and advanced stage exploration projects in Brazil. Luna's proven management team has extensive experience within Brazil and are focused on fast tracking the development of the Piaba mine and the exploration of Cachoeira. The development of Aurizona is proceeding according to the timeline, with commercial production scheduled for Q2 of 2010, at a targeted production rate of 60,000 oz per year.
Total gold resources at Piaba are currently estimated at 909,000 oz M&I, and 403,000 oz Inferred (Jan 2009). Luna has increased the nominal mine life by 46% from 7.5 years to 11 years since its Feasibility Study was completed in 2008, and also increased the P&P reserves by 46% from 500,000 to 729,000 oz Au. Luna also holds approx 70,000 hectares of highly prospective exploration ground adjacent to its mining claim. | | | LGC | | Natural Resources | | Last: | 0.510 | | Change: | 0.010 | | Volume: | 209,620 | | Day High: | 0.520 | | Day Low: | 0.500 | | |
