Lucky Minerals taps venture capital veteran Diane Mann to serve as corporate secretary
Mann has been involved in the venture capital marketplace for over 25 years and brings a wealth of experience to the team in a variety of areas
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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Mann has been involved in the venture capital marketplace for over 25 years and brings a wealth of experience to the team in a variety of areas
Initially the work is focused at the El Garo prospect, the group said, where two geological teams have started collecting soil samples
The company intends to use the net proceeds of the offering for exploration expenditures on the Fortuna Property in southern Ecuador as well as working capital and general corporate purposes
The company is set to sell up to 62.5 million units at C$0.08 each, it said in a statement
It has now identified an area, comprised of three zones, which has potential to be a bulk tonnage, low grade gold target
Lucky Minerals said it is excited by the discovery of stockwork type quartz veining at the Sherman Prospect at its Fortuna 4 concession
Results from rock chip samples confirm the alteration area has anomalous gold with samples up to 1.6 grams per ton gold
The so-called Emma prospect lies around 8 kilometres south of the El Garo prospect and results from rock chip samples confirmed anomalous gold.
Outgoing CEO Adrian Rothwell is transitioning into the executive chairman role and will remain actively involved in the company’s operations
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A system of quartz veins have been discovered at the Fortuna 3 and 4 concessions at the 55,000-hectare royalty-free property
The epithermal target lies on the Fortuna 1 concession on the wider Fortuna project, a 550-square kilometre area located in a highly prospective and underexplored gold belt
The company said the exploration program for the next three months will focus on a northeast trending Miocene volcanic belt known as the Shincata Gold Trend
The company said it had appointed Robert Rosner – who previously served as chief financial officer, executive vice-president and director at Lucky Minerals – as president and CEO, amid several changes
The company said it is considering its options regarding a court order in regards to its exploration license at the company's Emigrant project in Montana
The company said it renewed its full 550-square-kilometre, 12-concession Fortuna project in Ecuador
Surface prospecting last month identified what was believed to be a mineralized porphyry system
The Vancouver-based mining company says the system is ovoid in shape and 1.2 kilometers (0.7 miles) long
Lucky Minerals holds a large swathe of land in highly prospective but largely unexplored area
With money in the bank and good results coming in, Lucky looks well positioned to make further progress