Lumina Copper Corporation announced results from 12 new holes drilled as part of the ongoing exploration and development program at its 100% owned Taca Taca copper, gold and molybdenum deposit located in Salta province of Argentina.

Results are highlighted by hole 45 that intersected 734 meters grading 0.67% copper, 0.09 gram per tonne gold and 0.02% molybdenum including 146 meters grading 1.66% copper, 0.17 gram per tonne gold and 0.01% molybdenum. Hole 45 contains the longest mineralized interval drilled to date at Taca Taca and was terminated due to depth limitations of the drilling rig with the bottom 10 meters of the hole averaging 0.55% copper.

The hole is located within the northeastern portion of the 0.4% copper equivalent shell of the known National Instrument 43-101 compliant mineral resource estimate. Hole 45 not only increases the average grade of copper mineralization in the immediate area, but also extends known mineralization an additional 400 meters to depth.

Holes 38 and 42 were lost in higher grade copper mineralization and will be re-drilled. Hole 38 intersected 292 meters grading 0.78% copper, 0.13g/t gold and 0.01% molybdenum including 150 meters grading 1.04% copper, 0.17 gram per tonne gold and 0.02% molybdenum. Hole 42 intersected 390 meters grading 0.64% copper, 0.11 gram per tonne gold and 0.01% molybdenum including 164 meters grading 1.09% copper, 0.16 gram per tonne gold and 0.02% molybdenum.

Holes 45, 38 and 42 have confirmed that the high grade copper zone extends to the east by approximately 375 meters and remains open in that direction. Holes 38 and 42 have also extended the known mineralization in the immediate area 125 meters above that defined by the current NI 43-101 mineral resource estimate.

Step out hole 49, drilled 150 meters to the east of hole 16 and 300 meters to the south of hole 45 intersected 284 meters grading 0.85% copper, 0.08 gram per tonne gold and 0.02% molybdenum including 182 meters grading 1.11% copper, 0.11 gram per tonne gold and 0.02% molybdenum. Hole 49 extended the known mineralization an additional 60 meters above and 200 meters below mineralization defined by the current NI 43-101 mineral resource estimate in the immediate area. Mineralization remains open to the east of hole 49.

Holes 40, 41 and 43 drilled 150 meters to the north northwest of the known NI 43-101 mineral resource estimate, have extended moderate mineralization in that direction. Holes 47 and 48, drilled within and along the western boundary of the northeastern portion of the NI 43-101 mineral resource estimate have confirmed the expected mineralization. Hole 39, drilled west of the fault that defines the southwestern boundary of the NI 43-101 mineral resource estimate, contains a long interval of lower grade copper mineralization.

Infill hole 46, drilled in the western section of the higher-grade zone was lost in high grade mineralization and will be re drilled. The hole intercepted 51 meters grading 1.14% copper, 0.25 gram per tonne gold and 0.03% molybdenum.

The Company is completing an updated, interim NI 43-101 mineral resource estimate that will include all results through hole 49. The updated mineral resource estimate will be completed within the next one to two weeks. Drilling continues to identify additional oxide gold in the leached cap and the updated mineral resource estimate will include a preliminary estimate of the oxide gold resource. Hole 49 intercepted 144 meters grading 0.31 gram per tonne gold.