Luna Gold Announces Record Quarter Gold Production of Approximately 16,000 Ounces in First Quarter 2012
April 05 2012 - 7:30AM
Marketwired Canada
Luna Gold Corp. (TSX VENTURE:LGC)(LMA:LGC)(OTCQX:LGCUF) ("Luna" or the
"Company") is pleased to announce its gold production update at the Aurizona
Gold Mine for the quarter ended March 31, 2012.
Aurizona Gold Mine produced a quarterly record in Q1 of approximately 16,000
ounces.
Luna's President & CEO, John Blake, comments, "Luna Gold continued to deliver on
its planned quarterly production and we remain on target to produce 60,000
ounces of gold in 2012 from the Aurizona Gold Mine."
Table of Production for Q1 2012
----------------------------------------------------------------------
Q1 Results
----------------------------------------------------------------------
Processed ore - tonnes 439,820
----------------------------------------------------------------------
Average grade processed - g/t 1.25
----------------------------------------------------------------------
Average recovery rate % 84
----------------------------------------------------------------------
Gold produced (ounces) 16,063
----------------------------------------------------------------------
-- Note - These production statistics are unaudited and may be subject to
change.
Luna Gold will provide a more detailed analysis in the first quarter Management
Discussion and Analysis which will be released prior to May 15, 2012.
About Luna Gold Corp.
Luna is a gold production and exploration company engaged in the operation,
exploration and development of gold deposits and advanced stage gold exploration
projects in Brazil.
On behalf of the Board of Directors
LUNA GOLD CORP.
John Blake - President and CEO
Website: www.lunagold.com
Regulatory Footnotes
This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended or any state securities laws and may not be offered or sold
within the United States or to U.S. persons unless registered under the United
States Securities Act of 1933 and applicable state securities laws or an
exemption from such registration is available.
Forward-Looking Statements
This release contains certain "forward looking statements" and certain "forward
looking information" as defined under applicable Canadian and U.S. securities
laws. Forward-looking statements can generally be identified by the use of
forward-looking terminology such as "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "continue", "plans" or similar terminology.
Forward-looking statements include, but are not limited to, statements with
respect to future gold production and/or the results of analysis on gold
production. Forward-looking statements are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions that while believed by
management to be reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Forward-looking
statements are subject to various risks and uncertainties concerning the
specific factors identified in Luna Gold Corp.'s periodic filings with Canadian
Securities Regulators. These factors include the inherent risks involved in the
exploration and development of mineral properties, the uncertainties involved in
interpreting drill results and other exploration data, the potential for delays
in exploration or development activities, the geology, grade and continuity of
mineral deposits, the possibility that future exploration, development or mining
results will not be consistent with the Company's expectations, accidents,
equipment breakdowns, title matters, labor disputes or other unanticipated
difficulties with or interruptions in production and operations, fluctuating
metal prices, unanticipated costs and expenses, uncertainties relating to the
availability and costs of financing needed in the future, the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses, commodity price fluctuations, currency fluctuations,
regulatory restrictions, including environmental regulatory restrictions and
liability, competition, loss of key employees, and other related risks and
uncertainties. The Company undertakes no obligation to update forward-looking
information except as required by applicable law. Such forward-looking
information represents management's best judgment based on information currently
available. No forward-looking statement can be guaranteed and actual future
results may vary materially. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
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