TSXV:LKY - Post Discussion
Post by
yukon_gold on Oct 25, 2021 9:34am
Lucky Shows Surface Min 700m North of T-6 & 1.21 g/t Au T-12
Lucky Minerals Expands Mineralization at Surface
700 metres to the North of Trench T-6 with up to
1.21 g/t gold over 10 metres in Trench T-12
2021-10-25 08:31 ET
VANCOUVER, BC / ACCESSWIRE / October 25, 2021 / Lucky Minerals Inc. (TSXV:LKY) (OTC PINK:LKMNF) (FRA:LKY) ("Lucky" or the "Company") is pleased to announce it has received sample assay results from its ongoing work at the Wayka epithermal gold discovery at its 100% owned Fortuna Property ("Fortuna") in southern Ecuador. Work in the field is advancing on several fronts with current focus on trench T-14.
Results have now been reported for trenches T-10, T-11 and T-12. Trench T-10 lies in the central area approximately 80 metres from trench T-6 in which results included 17 g/t gold over 3 metres. Trench T-11, which also lies in the central area, is approximately 20 metres from trench T-10. Trench T-12 is located in the northern area and is approximately 700 metres north of trenches T-5 and T-6.
Trench Location Map Trenching highlights Trench T-10 averages 2.81 g/t gold over 2 metres Trench T-10 lies in the central area approximately 80 metres from trench T-6 in which results included 17 g/t gold over 3 metres. Trench T-11 averages 1.12 g/t gold over 2 metres Trench T-11 was started approximately 75 metres to the southeast of the previously reported trench T-6 (please see July 30, 2021 News Release). Mineralization appears to be hosted in altered volcanic rocks. Trench T-12 averages 1.21 g/t gold over 10 metres Trench T-12 was dug approximately 700 metres north of trench T-5. Mineralization in this area is mainly of sericite-quartz type in contrast to that of mainly strong silicification found in the central area (T-5 and T-6). Trenches T-10, T-11 and T-12 are open in both directions and will be further investigated as part of future trenching efforts. Franois Perron President and CEO states "The results from Wayka are expanding the footprint of the mineralized intervals. We are finding multiple areas of alteration with mineralization and their related feeders. The system's full extent has yet to be established and work in the field continues. Our understanding of the mineralization is still in the early stages and will continue to improve over the coming weeks as more work is completed at surface. In addition to the current trenching, we have mobilized crews to complete a detailed soil sampling program which will be combined with geophysics to refine our targeting and drilling which is expected in the coming months." Fortuna - Next Steps Wayka Exploration teams are focused on trenching, soil sampling and a mag survey. This work will be followed by a detailed compilation of all geologic data which will subsequently lead to scout drilling in the coming months. Trenching Results Trench T-10: 
Trench T-11: 
Trench T-12 
*breccia interval QA/QC Protocols All exploration work is completed following strict QA/QC protocols and include the insertion of a coarse blank, a standard and duplicate sample on every batch of 25 samples. Samples are being submitted approximately every two weeks to ALS Chemex Labs in Quito for preparation work, and the analytical work is completed at their lab facility in Lima, Peru. ALS Chemex is an ISO certified and accredited laboratory. Results will be released as they are received. About Lucky Lucky is an 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. The Company's Fortuna Project is comprised of twelve contiguous, 550 km2 (55,000 Hectares, or 136,000 Acres) exploration concessions. Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador. Covid-19 Safety Protocols The company has put strict COVID protocols in place for all visitors, service providers and personnel arriving to and from field sites. All personnel are tested upon arriving and leaving and are again tested every two weeks. All personnel are following COVID protocols with permanent disinfection procedures in place and are following correspondent social distancing while being isolated from the surrounding communities. Qualified Person Victor Jaramillo, M.Sc.A., P.Geo., Lucky's Vice President Exploration and a qualified person in accordance with National Instrument 43-101, is responsible for supervising the exploration program at the Fortuna Project for Lucky Minerals and has reviewed and approved the technical information contained in this news release. ON BEHALF OF THE BOARD "Franois Perron" Chief Executive Officer
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