coverage:Lucky Minerals Capitalized for Maiden Drill Program Article: Lucky Minerals $LKY Capitalized for Maiden Drill Program on Fortuna Gold Project in Ecuador, Tracking Multiple Feeder Zones
URL: https://ceo.ca/@bottomline/luckyminerals-lky-capitalized-for-maiden-drill-program-on-fortuna-gold-project-inecuador-tracking-multiple-feeder-zones
Lucky Minerals Inc. (TSX-V: LKY) (US Listing: LKMNF) (Frankfurt: LKY) recently announced news it has completed the second and final tranche of non-brokered private placement units, raising a total of $3,875,840 under the two tranches of the offering. Proceeds will be used in-part for a maiden drill program where Lucky's geological team is currently tracking multiple newly discovered feeder zones at surface; samples include 17.63 g/T Gold across 3.0 m in Trench 6 (T6), a new feeder zone in a high-sulfidation epithermal gold system in Ecuador. The system has serious size potential; T6 is 700m from T1 where systematic sampling of outcrop averages resulted in 3.06 g/T Gold over 4.0 m -- in-short, Luck Minerals is highly prospective for major discovery.
Lucky Minerals' 100%-owned royalty-free 550km2 (55,000 Ha, or 136,000 Acres) Fortuna Project in Ecuador is located in prolific mineral belts ~40km from Lundin Gold's Fruta del Norte (9.48 M oz Au I+Inf) deposit and the Mirador (2.7 M oz Au and 5.9 B lbs Cu M+I) deposit. The Fortuna concessions contain a 22km long section of a Miocene volcanic belt, known as the "Shincata Gold Trend”. The company is focusing its exploration efforts on three main target areas: 1) the Wayka epithermal gold discovery project area, 2) the Macuche Gold target, 3) and the El Garo Gold target.
See URL for full copy: https://ceo.ca/@bottomline/luckyminerals-lky-capitalized-for-maiden-drill-program-on-fortuna-gold-project-inecuador-tracking-multiple-feeder-zones