VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/13/13 -- Lupaka Gold Corp. ("Lupaka Gold" or "the Company") (TSX: LPK)(LMA: LPK)(FRANKFURT: LQP) announces that it has completed and received a structural geological context and interpretation report developed from field work and aerial photo interpretation conducted by SRK Consulting Toronto ("SRK"). Lupaka Gold commissioned the report to gain a better understanding of the structural geology and mineralization controls at its Crucero Gold Project.
"The recommendations made by SRK in our report will be used to help direct Lupaka Gold's ongoing exploration and field work programs and help us better understand and target the highest priority anomalies," stated Lupaka Gold President and CEO Eric Edwards. "Outside of our existing A-1 Zone resource, the Crucero Project is underexplored, and the studies and recommendations provided by SRK increase our overall knowledge of the geologic setting and structural context for our other 10 untested anomalies within the property boundaries."
The structural interpretation was designed to illustrate the structural framework of the region and aid in the definition of target areas for further exploration. The structures interpreted on the high level images of the Crucero project include regional faulting as well as local and detail foliations, shear zones, faults, and, subordinately, dykes, veins, joints, and fold axial traces.
The Company plans to complete detailed field examination to establish the relative timing and relationship between the individual structures, their kinematics, and relationship to gold mineralization. The Company will also be conducting detailed geologic field mapping to confirm and trace visible sulphide-bearing structures through the Crucero project area. In addition to the existing resource at the A-1 Zone, visible mineralization is already identified in the A-5 and A-9 Zones.
As a typical example of orogenic gold mineralization, the known exploration anomalies at Crucero are believed to be structurally controlled. In addition to the previously identified exploration targets, a series of other areas of fault complexity have been defined within the SRK study. These other areas include an echelon fault system at Lake Chinchalamani, in the Limbani monzonite, at the border between Aricoma granite and Ananea Group sedimentary rocks, and within the Aricoma granite. These areas will also be subjects of future exploration program.
The structural study was undertaken by Dr. Julia Kramer Bernhard who was supervised by Dr. James Siddorn, P.Geo. Both Dr. Kramer Bernhard and Dr. Siddorn are appropriately experienced SRK structural geologists who are independent of Lupaka Gold. They have reviewed and approved the scientific and technical information contained in this news release and have verified the underlying the information or opinions contained in this news release.
Crucero Metallurgical Studies' Update
The Company confirms that the current campaign of standard metallurgical test work procedures is on schedule and, consistent with previous disclosure, will be completed by the end of June. The data is substantially complete and is being analyzed for conclusions as well as outlining recommendations for follow-on work.
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