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Company
CVE:LKY
Lucky Minerals is a TSX-V listed gold exploration company focused on advancing its Fortuna Project located in Ecuador. The company’s most advanced project is the Wayka Epithermal Gold Discovery where a program of trenching has defined a large area of epithermal gold mineralisation at surface. The scale of system has yet to be fully defined and more work is required to understand the target’s full potential. The company expects to be drilling the Wayka project in the coming months.
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The company said the net proceeds of the offering will be used to complete a 3,000 metre drill program on the company's Fortuna Project in Ecuador and for general working capital purposes.
The moves put Lucky "on solid ground" ahead of its upcoming drilling program, CEO François Perron told shareholders
A glance at some of the day's highlights from the Proactive Investors US and Canada newswires
The results come from Trench T-14, which is orientated along a northwest axis and intercepts the same mineralized structure previously identified, where an assay of 6.68 g/t gold across 12 meters (m) was reported
The results come from two trenches, which were extended, and when combined into one, average 1.67 grams per ton (g/t) gold over 61 metres (m)
Lucky Minerals is exploring on the same geological trend in Ecuador as Lundin Gold’s Fruta Del Norte project
The gold explorer has posted sample assays from ongoing trenching work at Wayka and results were reported for three trenches - T-10, T-11 and T-12
Highlights from the trenching program include results that confirmed the lateral extent of the breccia sampled along 27 metres, which averaged 1.91 grams per ton gold
The net proceeds will be used to complete a 3,000-metre drill program on its Fortuna Project in Ecuador and for general working capital purposes
The company said the funds will be used to complete the very first drill program on its Fortuna gold and copper project in Ecuador and for general working capital
"Geological work at Wayka continues, thanks to the sustained efforts of the team," said Francois Perron, CEO of Lucky
Systematic sampling has returned up to 5.87 g/t gold with an average of 3.06 g/t over 4m
Lucky said that a 20m long hand-dug trench and 20 samples had returned an average of 0.33 g/t gold
The gold explorer’s flagship asset, Fortuna consists of approximately 55,000 hectares containing 12 contiguous exploration concessions, including the Wayka gold discovery
The explorer received new assays for Sherman which returned up to 2.19 grams per tonne (g/t) gold, and the balance of initial assays for Wayka returned up to 0.825 g/t gold
The Wayka epithermal gold discovery is on Lucky's Fortuna property in southern Ecuador
EITI is also aligned with the Open Government Partnership to which Ecuador is a signatory to fight corruption and promote transparent, inclusive, and accountable governance
Initial assay results from surface outcrop panel samples at the target on the miner's 100%-owned Fortuna Property have returned up to 2.90 grams per ton gold
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A glance at some of the day's highlights from the Proactive Investors US and Canada newswires