Soledad Baja Five Holes Drilling Completed


VANCOUVER - Luminex Resources Corp. reported Soledad Baja drilling results for holes SO20-01 to SO20-05. The Company completed approximately 3,300 meters in five holes. Soledad Baja lies immediately southeast of the Camp deposit discovery and within the northern epithermal area of the larger Condor Project. Luminex is currently drilling its second hole on the Northwest Camp target to test the strike length of the Camp deposit to the northwest.

Drill results from the first three holes at Soledad Baja indicate that the consistent mineralization encountered in the Camp deposit is faulted downwards and may be dissected by northeast-southwest trending high-angle faults. This resulted in discontinuous intercepts of granodiorite hosted mineralization in these holes.

Hole SO20-05 was drilled across the trend of the faulting at Soledad Baja to define the fault's dip and determine displacement between the fault blocks. Between 290 and 335 meters the hole passed through the Piedras Blancas and Fierosos faults into the fault-block hosting the Camp deposit. Intervals below 335 meters can be considered extensions of the Camp deposit. Significant intervals of greater than 5 meters core length in SO20-05 were: 17.2 meters from 249 meters down the hole returned 3.78 g/t gold, 4.2 g/t silver and 1.17% zinc as quartz-pyrite-sphalerite-rhodochrosite veins and disseminations hosted in granodiorite as associated with the Piedras Blancas fault; 5.1 meters from 476 meters down the hole returned 2.09 g/t gold, 37.4 g/t silver and 3.34% zinc as quartz-pyrite-sphalerite-rhodochrosite veins and breccias in the contact zone of a rhyolite dike within the granodiorite batholith; 8.8 meters from 606 meters down the hole returned 6.49 g/t gold, 54.6 g/t silver and 2.08% zinc as quartz-pyrite-sphalerite-marcasite veins within a silicified chlorite carbonate clay altered basalt schist; and 8.7 meters from 798 meters down hole returned 5.0 g/t gold, 19.5 g/t silver and 2.26% zinc as quartz-pyrite-sphalerite veins within a silicified chlorite carbonate clay altered basalt schist.

Hole SO20-04 was drilled to test for a northeast extension to the Soledad open pit resource, located approximately 250 meters to the southeast of the drilling at Soledad Baja. Hole SO20-04 successfully extended this mineralization and intersected 34 meters grading 1.36 g/t gold, 6.5 g/t silver and 1.05% zinc from 304 meters down the hole.

In addition to the latest drill results, Luminex reports that it has completed a 200-sample metallic screen fire re-assaying program on samples grading over 1.0 g/t gold from the Camp deposit. The metallic screen assay grades averaged 11% higher than the original assays that were not screened. A follow-up program using metallic screen fire assaying is currently underway for all samples from the Camp drilling campaign originally grading greater than 0.5 g/t gold. The results of the metallic screen fire follow-up assay program will be incorporated into any future mineral resource update for the Camp deposit.