Luminex Resources Corp. announced drill results from six holes (CU22-10 to CU22-15) at Cuyes West. Drilling has confirmed a strike length of approximately 350 metres, while the anomaly has been mapped at surface for more than 500 metres.

The drilled vertical extent of the Cuyes West mineralized structure now exceeds 300 metres. All holes have now been reported from the 2022 program, except for CU22-16 and CU22-17 (completed in January). Drilling at Cuyes West is continuing with one rig; a second rig is on standby to drill Prometedor as soon as trail and pad construction are complete.

Drilling of Prometedor is expected to start by March. Hole CU22-12 intersected 2.5 metres from 323 metres grading 16.28 g/t gold and 188.1 g/t silver (18.54 g/t Au Eq). This hole stepped out approximately 50 metres vertically below hole CU22-05, which intersected 5.0 metres of 29.43g/t gold and 86.5g/t silver (30.47g/t Au Eq), indicating continued high-grade mineralization at depth.

Hole CU22-14 intersected multiple high-grade structures, notably 4.0 metres from 216 metres down hole of 18.91 g/t gold and 36.6 g/t silver (19.35 g/t Au Eq), including 2.0 metres of 35.8 g/t gold and 65.7 g/t silver (36.59 g/t Au Eq). The Cuyes West structure was intersected at 275 metres over 16 metres grading 3.04 g/t gold and 12.5 g/t silver (3.19 g/t Au Eq). Hole CU22-15, stepped out approximately 60 metres east of CU22-13 and approximately 80 metres below hole CU22-02.

It intersected 17.5 metres from 240.5 metres grading 3.00 g/t gold, 6.1 g/t silver (3.07 g/t Au Eq). At Cuyes West, rhyolite dike contacts and high angle faults are mineralized. The mineralization extends into wall rock, occurring as pyrite, sphalerite, marcasite and rhodochrosite veins and as disseminations.

This style of mineralization is identical to that at the Camp deposit, 300m to the southwest, and these deposits may connect at depth. At a property scale, the mineralized structures and dikes are interpreted to be "ring-fractures" around the Los Cuyes Diatreme.