Lupaka To List on TSXV Following Voluntary Delisting From TSX
VANCOUVER, BC – Lupaka Gold Corp. (“Lupaka Gold” or the “Company”) (TSX: LPK) (LMA: LPK) (FRANKFURT: LQP) announces that the Company’s common shares will be delisted from the Toronto Stock Exchange after the close of trading today (February 17, 2015) and will be listed on the TSX Venture Exchange (“TSXV”) commencing at the open of trading on Wednesday, February 18, 2015. There will be no interruption in trading.
The decision to move to TSXV was made to reduce the Company’s costs of maintaining its listing and for greater flexibility as the Company pursues its growth strategy.
In other news, Lupaka Gold announces that director Hernan Barreto has stepped down from the Company’s board of directors in order to devote more time to his other endeavours. Lupaka Gold thanks Mr. Barreto for his service to the Company.
About Lupaka Gold
Lupaka Gold is a Peru-focused gold explorer and developer with geographic diversification and balance through its interest in asset-based resource projects spread across three regions of Peru.
The Company’s 100% owned Invicta Gold Project (central Peru) has near-term underground gold and poly-metallic production potential. The Company plans to implement a 300 tpd mining operation and complete permitting, development and engineering with production to commence in 2015.
The Company is earning into a 65% interest on the Josnitoro Gold Project from Hochschild Mining PLC. The project is located approximately 600 kilometres by road southeast of Lima in the Department of Apurimac, southern Peru. Historical work on the disseminated gold zones includes over 170 shallow drill holes and extensive surface trenching.
Lupaka Gold’s holds a 100% interest in the Crucero Gold Project, a 5,500 hectare gold property located in southern Peru. Crucero has an indicated mineral resource estimate of 1,003,041 ozs Au contained in 30,919,873 tonnes at 1.02 gpt gold (capped), and an inferred mineral resource estimate of 1,027,806 ozs Au contained in 31,201,648 tonnes at 1.03 gpt gold (capped), and the Company is actively exploring the property to identify future drill targets. These mineral resource estimates have been constrained by a conceptual pit shell in order to confirm reasonable prospects of economic extraction as set out in the CIM Definition Standards for Mineral Resources and Mineral Reserves and NI 43-101.