Lupaka Gold Corp. announced that it has received assay results from the last four drill holes from the completed 2012 drilling program on its Crucero Gold Project. Of these four holes, three were drilled on the A-1 Zone resource and one on the Chaska exploration zone.

The three holes from A-1 will be the final holes incorporated into the company's NI 43-101 resource estimate update, which is expected to be released in the first quarter of 2013. DDH-64, in the northwest section of the A-1 Zone mineralized envelope, encountered interesting near-surface mineralization of 7 metres at 2.05 g/t. Results for DDH-59 and DDH-64 confirm that the A-1 Zone mineralization is continuous, and is tightening as it plunges to depth along strike and to the north. Having identified the northern continuation of the structures controlling the gold mineralization, its 2013 drill plan will follow these structures farther north where there is exploration data that suggests the mineralization swells and rises nearer to the surface.

The company also reports that it has received assay results from the second exploratory diamond drill hole on the Chaska Zone (DCH-02). The hole is located on the northwest boundary of the target area and on the same pad as the first Chaska hole. As with the first Chaska hole results, the second hole encountered interesting sulphide mineralization and geology that is consistent with that found within the A-1 Zone, however no significant gold mineralization was recorded.