Cuyes Extended West Over 200 Metres at Depth

VANCOUVER - Luminex Resources Corp. reported drill results from three holes that targeted the Cuyes West structure (CU23-27 to CU23-29), while simultaneously targeting the adjacent Breccia Pipe target. Luminex is also announcing the results from its initial seven-hole campaign at Prometedor. Hole CU23-27 intersected multiple high-grade structures in the breccia pipe, notably 2.0 metres from 229.0 metres grading 33.30 g/t gold and 123.5 g/t silver (34.78 g/t Au Eq), within a wider intercept of 287.0 metres from 99.0 metres, which graded 1.10 g/t gold and 8.8 g/t silver (1.21 g/t Au Eq). Hole CU23-29 confirmed that Cuyes West extends at least 500 metres down from surface, while remaining open to depth. The hole cut a 30.0 metre interval grading 2.81 g/t gold and 1.66 g/t silver (2.83 g/t Au Eq) from 475.0 metres, including 6.0 metres grading 6.69g/t gold and 3.0g/t silver (6.72g/t Au Eq) from 487.0 metres. This hole stepped out approximately 210 metres vertically below hole CU23-22, which intercepted 15.0 metres of 6.18 g/t gold and 41.8 g/t silver (6.68 g/t Au Eq) from 308.0 metres.

Hole CU23-28 intersected multiple high-grade intercepts, including 24.0 metres returning 2.31 g/t gold and 13.08 g/t silver (2.47 g/t Au Eq) from 313.0 metres, within a broader 50.0 metre zone of 1.70 g/t gold and 9.51 g/t silver (1.82 g/t Au Eq) from 293.0 metres.

The style of mineralization at Cuyes West structure is identical to that at the Camp deposit, 600 metres to the west. At a property scale, these mineralized structures are interpreted to be hosted in ring and radial fractures around the Los Cuyes caldera.

Seven exploration holes were drilled at the Prometedor target (PR23-01 to PR23-05 and EB23-01 to EB23-02), located three kilometres south-east of the Soledad deposit. This target comprises a one kilometre by 250 metre rock and soil anomaly at surface with creek bed samples returning up to 38.97 g/t gold. The maiden drilling consisted of five drill holes spaced 100 to 250 metres apart. Holes EB23-01 and EB23-02 were drilled 430 metres south of the main Prometedor surface anomaly. All holes encountered various mineralized intercepts and provided important geologic data. Hole PR23-01 intercepted a 1.79 metre interval grading 1.21 g/t gold and 22.99g/t silver (1.48 g/t Au Eq) from 27.5 metres within a broader interval of 8.34 metres grading 0.59 g/t gold and 7.34 g/t silver (0.68 g/t Au Eq) from 21.0 metres. Hole PR23-03 intercepted 48.9 metres grading 0.36 g/t gold and 7.48 g/t silver (0.45 g/t Au Eq) from surface.

Mineralization from parts of the Prometedor area is of the same style as discovered at Camp and Cuyes deposits and is associated with rhyolite dikes. Strong quartz-sericite-pyrite alteration is present in the drill core with mineralized intercepts including pyrite, marcasite and sphalerite as the dominant sulphide minerals. Drilling has been paused in this area, but given the possibility of discovering mineralogically similar material to Camp and Cuyes, surface geological and geochemical work at Prometedor continues.