Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1095)	6/10/2013 2:58:41 PM
From: Goose94	Respond to of 203026

Lupaka Gold (LPK-V) on tear. Lupaka Gold does not say why shares are up - News Release June 10, 2013 - On the behalf of the Toronto Stock Exchange, Lupaka Gold Corp. states that it is not aware of any material event that is affecting trading in the stock.

To: Goose94 who wrote (1095)

7/10/2014 8:08:31 AM

From: Goose94

Read Replies (1) | Respond to of 203026

LPK-T bottomed?

Lupaka Gold July 10, '14 is pleased to announce the results of a recent mapping and confirmation sampling program at the Invicta Gold Project. Sample assay values on the footwall split averaged 6.38 gold grams per tonne ("gpt") and 1.68% copper over a length of 105 meters and a width of 6.4 meters, and 2.15 gpt gold and 1.52% copper over a length of 125 meters and a widty of 6.2 meters for the hanging wall split. The Company completed the sampling and mapping program on mineralization exposed within the existing drift and cross-cut development at the 3,400 meter level, which lies within the existing mineral resource estimate envelope.

Two main adjacent mineralized veins within the Atenea Vein were identified and correlated separately, with assay values averaging as follows:


Atenea Vein	Length	Width	Au	Ag	Cu	Pb	Zn
	Meters	Meters	gpt	gpt	%	%	%
Footwall Split	105	6.40	6.38	83.00	1.68	0.79	0.75
Hanging wall split	125	6.16	2.15	59.22	1.52	1.87	0.70

See Table 1 below for additional details.

Mr. Eric Edwards, President and CEO of Lupaka Gold stated, "This work confirms that the mineralization exposed in the existing workings is consistent with our understanding of the mineralization that we intend to initially target in our production plans for Invicta. We continue to make progress toward initiating a mining operation at the Invicta Gold Project at an initial planned rate of 300 tonnes per day ("tpd") by the end of Q1-2015."

As previously reported, the Company intends to commence production at an initial rate of 300 tpd by using the existing 1.2 km of tunnels developed by previous owners, utilizing contracted third-party mining and a low-cost and scalable sub-level open stoping mining method, development and haulage, and selling the mineralized rock to a local mill for processing. Production is planned to initially target some of the highest grade gold and copper mineralization within the Atenea Vein, which contains the majority of the current Invicta gold resource estimate. The Company also intends to pursue further drilling from underground, concurrent with production, with the objective of expanding and upgrading the current estimated inferred mineral resources and providing additional data to guide control and direction decisions for future mining operations.

Technical Advisors

Aminpro - Peru S.A.C. has been engaged to complete metallurgical assessments, plant design and an evaluation of the available process options for the mineralized rock from the Invicta Gold Project.

Summary Assay Results

The recent sampling and mapping work has confirmed that there are distinct and separate episodes of mineralization within the Atenea Vein at Invicta. These episodes of mineralization follow the same structural controls and generally lie parallel to each other in forming the main Atenea Vein mineral resource estimate envelope.

Summary results obtained from 160 samples taken in the drift and crosscuts are as set out in Table 1 below:

Table 1: Summary of Assay Results For The Footwall and Headwall Split Of The Atenea Vein At The 3400 Meter Level


	ATENEA 3400 SW - footwall Split
	Width (m)	Au g/t	Ag g/t	Cu %	Pb %	Zn %
	5.05	4.05	29.43	1.26	0.20	0.5
	8.30	3.19	20.81	0.69	0.12	0.87
	4.15	3.43	72.31	2.79	0.67	0.59
	6.90	5.96	116.19	2.38	2.36	0.87
	5.00	2.07	49.76	1.77	0.45	0.66
	9.00	14.72	168.36	1.74	0.76	0.83
Weighted averages	6.40	6.38	83.00	1.68	0.79	0.75
Length (meters)	105.00

	ATENEA 3400 SW - hanging wall Split
	Width (m)	Au g/t	Ag g/t	Cu %	Pb %	Zn %
	3.75	0.41	37.37	1.26	0.78	0.29
	5.45	2.41	86.65	1.13	0.47	0.48
	6.65	5.55	53.97	1.62	2.36	0.91
	7.50	2.96	84.68	2.33	3.87	1.1
	5.60	1.00	56.78	1.83	2.19	0.83
	8.00	1.41	32.96	0.86	0.53	0.39
Weighted averages	6.16	2.15	59.22	1.52	1.81	0.70
Length (meters)	125.00

The mineral resource estimates referred to in this news release are disclosed in the technical report dated April 16, 2012, titled "Technical Report on Resources, Invicta Gold Project, Huaura Province, Peru", and prepared by SRK Consulting (U.S.) Inc. ("SRK Technical Report"), is available at www.sedar.com under Lupaka Gold Corp's profile.

The decision to commence production at the Invicta Gold Project and the Company's plans for a mining operation as disclosed herein (the "Production Decision and Plans") were based on economic models prepared by the Company in conjunction with management's knowledge of the property and the existing preliminary estimates of the measured, indicated and inferred mineral resources on the property. The Production Decision and Plans were not based on a preliminary economic assessment, a pre-feasibility study or a feasibility study of mineral reserves demonstrating economic and technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with the Production Decision and Plans, in particular the risk that mineral grades will be lower than expected, the risk that construction or ongoing mining operations are more difficult or more expensive than expected, the risk that the Company will not be able to transport or sell the mineralized rock it produces to local custom toll mills on the terms it expects, or at all; production and economic variables may vary considerably, due to the absence of a detailed economic and technical analysis according to and in accordance with NI 43-101. Inferred mineral resource estimates are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.