- The 100% owned Fortuna Property comprises approximately 55,000 hectares in southern Ecuador
- The company received the final 15 rock sample assays from its Wayka target
- This batch of samples is part of a larger group of samples previously sent to ALS Chemex
- The video highlights the Wayka rock samples to date, which includes samples returning up to 2.90 g/t gold
- 28 additional samples from Wayka are pending assays from ALS Chemex
- Lucky is a Canada-based exploration and development company
- Lucky Minerals Inc. (LKY) is unchanged, trading at C$0.07 per share at 10:30 am ET
Lucky Minerals (LKY) has received additional assays from two of its projects in Ecuador.
The 100% owned Fortuna Property comprises approximately 55,000 hectares in a known mineralized zone in southern Ecuador.
The company has received the final 15 rock sample assays from its Wayka target. This batch of samples represents the balance from a larger group of samples which included 12 samples previously sent to ALS Chemex.
The table in the video summarizes the Wayka rock samples to date, which includes samples returning up to 2.90 g/t gold.
Francois Perron, President and CEO, stated,
“Our recent field work at Wayka has proven to be very interesting. The initial samples were sent for rush turnaround and the balance of the results confirm that our work at Wayka is only just beginning. The current assays, when combined with the initial results are indicating a strong surface expression of an epithermal high sulphidation system. At present, 28 samples are pending assays from ALS Chemex. We continue to prioritize this target and have recently deployed a team into the southern area. Wayka remains open in all directions and we expect Terraspec alteration analysis to guide our efforts towards identifying feeder zones which potentially contain higher gold content.”
Lucky’s exploration team continued follow-up geological work at Sherman. A total of 16 rock sample assays have been received, with highlights including 2.19 and 1.98 grams per tonne gold, from an area now known as “Macuche”. This is the same area where samples from 2020 returned 1.66 and 0.487 grams per tonne gold.
Francois Perron added,
“The second exploration team revisited the Sherman prospect to complete sampling in an area the team is now referring to as ‘Macuche’. While still early, indications are that we have identified an area approximately 30 m by 30 m where 9 samples all returned anomalous gold; up to 2.19 g/t gold. Systematic sampling and a thorough review of the surrounding geology are planned as this area is now offering potential for bulk tonnage targets.”
Work continues at El Garo, a large epithermal system with outcrops of dacite and vuggy silica less than 8 km north of Wayka. A soil sampling program initiated last year is in the process of being completed. Results from this program will be combined with trenching, prior to a planned drilling program.
Lucky is a Canada-based exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world-class deposits.
Lucky owns a 100% interest in the Fortuna Property in Ecuador. The Fortuna Property is comprised of twelve contiguous royalty-free concessions and occupies 550 km2 (55,000 Ha, or 136,000 Acres). Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador.
Lucky Minerals Inc. (LKY) is unchanged, trading at C$0.07 per share at 10:30 am ET.
