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Luminex Resources Corp. (TSXV:LR) (OTCQX:LUMIF) has announced it has reached a historic and unprecedented mediated agreement with informal miners in the Condor North portion of its Condor gold project in southeast Ecuador. The Ecuadorian counterparty is Minera La Pangui S.A.S., which incorporated members of Asolapanguina and Asopromidiche, neighbouring associations of informal miners. The Agreement enables the company to secure areas in strategic proximity to the Condor North portion of its Condor Project and, at the same time, satisfies the decades-long desire of these informal artisanal miners to gain legal mineral concession rights over informal mining properties in the company’s Chinapintza area. The local entity has 19 shareholders (all operators), and the agreement is expected to benefit a large number of additional individuals within the area of influence of the Condor Project.
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