Lucky Minerals Inc (CVE:LKY) (OTCMKTS:LKMNF) (FRA:LKY) said it has received sample assay results from its ongoing work at the Wayka epithermal gold discovery at the Fortuna property in southern Ecuador.
The gold explorer’s flagship asset, Fortuna consists of approximately 55,000 hectares containing 12 contiguous exploration concessions, including the Wayka gold discovery.
Recent analyses of rock samples taken from the southern zone of Wayka outlined an area of advanced argillic alteration with outcrops of vuggy silica that measures approximately 800 meters by 1,000 meters and remains open to the south.
READ: Lucky Minerals says it has received the balance of assays from the initial prospecting at Wayka in Ecuador
Within this newly explored area, the company said a rock panel sample returned 4.15 grams per ton (g/t) gold from a siliceous volcanic breccia. The discovery prompted the extension of the alteration zone to the south by approximately 500 meters.
“We are extremely pleased with the results being returned from our work in the field. Not only have we found the highest gold grade in a surface sample to date at Wayka, but we have also demonstrated the scale of the high-temperature alteration to be of kilometric size," Francois Perron, Lucky Minerals president and CEO said in the release. “We look forward to continuing to narrow in our focus on the underlying feeder zones.”
In total, 51 assay results have been received from ALS Chemex Labs to date, of which 29 chip panel samples not previously released displayed gold above 0.020 g/t.
An additional, 83 rock samples have now been submitted for terraspec analyses to determine the type of alteration minerals associated within this mineralized system. These results will assist in identifying potential feeder zones.
Exploration and field work continue across the Fortuna property with samples being submitted bi-monthly to ALS Chemex Labs in Quito. Analytical work is then completed at the ALS lab facility in Lima, Peru.
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