Luzon Minerals has 2 great gold projects
Hello there guest! Want to join in on the conversation? Login or register for a forums account by visiting this link.
Posted: Monday Mar 13 9:52:43PM 2006
I follow many mining stocks: I have liked and made a pile of cash on Gammons Lake and Hard Creek Nickel.
Posted: Monday Mar 13 8:22:42PM 2006
You posted a very poor overview of LZN...
Posted: Monday Mar 13 8:14:56PM 2006
I did......read my above post.
Posted: Monday Mar 13 7:49:05PM 2006
Do you...or are you a paid pumper??
Posted: Monday Mar 13 6:11:14PM 2006
Care to elaborate........
Posted: Monday Mar 13 5:22:15PM 2006
My advice to you is to stay away from LZN. Very overvalued!
Posted: Friday Mar 10 3:12:00PM 2006
I think that there is some more attention these days. As quality exploration companies like this get noticed, there will be considerable share appreciation.
Closed at 17.5 cents on Friday.....
Posted: Friday Feb 24 8:24:59AM 2006
I think that the prospects for the two properties look promising and that LZN has been lagging recently due to minimal exposure.
Posted: Thursday Feb 23 8:40:05PM 2006
Luzon Minerals (TSXV:LZN)
Shares Outstanding: 40,774,452
Luzon currently has two gold projects in Bolivia. The Amayapampa
is an advanced-stage gold project which is in the final stage of a
feasibility study and the Liphichi is still in an exploration stage.
Amayapampa project feasibility study update as of August 2005.
Measured 5,150,000 Tonnes 1.60 gpt 265,000 Oz
Indicated 9,030,000 Tonnes 1.37 gpt 396,000 Oz
Inferred 1,960,000 Tonnes 0.94 gpt 59,000 Oz
Initial Capital Cost $28,963,000
Sustaining Capital $4,075,000
Total Capital $33,038,000
Cash Cost per Ounce $176
Average Annual Gold Production 35,500 Ounces
Internal Rate of Return
Exploration Results from Liphichi announced on September 13, 2004.
Hole PG-04-05 intersected 120.5 meters of 0.87 g/t gold
Hole PG-04-06 intersected 104.0 meters of 1.18 g/t gold
Hole PG-06 intersected 133.0 meters of 1.76 g/t gold
Hole PG-07 intersected 125.0 meters of 2.94 g/t gold
Mr Willie McLucas, Chairman of the Board of Luzon Minerals reports from La Paz, Bolivia, following
a mine site visit to Amayapampa.
With the election of Evo Morales as President of Bolivia there is a mood of optimism in the country
that a stable future is at hand and foreign investors will begin to return to the country. In addition
social reforms and changes to work place practices are expected.
With this in mind, Mr. McLucas and members of the technical and legal team travelled to the mine site
to meet with local community leaders and representatives of the Mining Union. Further meetings are
planned with government officials following the celebration of the appointment of President Morales.
The residents of Amayapampa and nearby areas are keen to see a modern mine developed and the
creation of around 200 sustainable jobs in this remote community. As part of the visit, Mr. McLucas
announced that the Company would be seeking to begin its training programme for local workers by 1
In addition, in the light of the higher gold price, a new block model of the deposit is being developed
by the Company’s consultants with a view to deepening the bottom of the pit, using a higher stripping
ratio to access deeper ore.
Finally, a sample of ore is being shipped to Gekko Systems in Australia to assess whether their process
method would allow higher gold recoveries from a lower cost process plant. Further announcement
will be made when the results are available.
The technical team is working diligently to complete a bankable feasibility at its earliest possible
Luzon was profiled on The Canadian Penny Stocks site as February 22, 2006.