CEO Speaks at investor event + looking A+Lucky Minerals' President and Chief Executive Officer, Franois Perron, provided a 25 minute exploration update and overview of the project followed by a Q&A session on October 21, 2021.
The URL to listen is at
https://miningmarketwatch.net/lky.htm online.
Things are looking very bullish for upcoming drilling.:
Remember:
July 12, 2021 announced "Lucky Minerals Systematic Sampling of Outcrop Averages 3.06 g/T Gold over 4.0 m at Wayka" (T1 results)
then we got....
July 30, 2021 "Lucky Minerals Samples 8.08 g/t Gold Across 7.0 m Including 17.63 g/T Gold Across 3.0 m at Wayka" (T6 results)
Now we have much more since...
Trench T12 (yielding 1.21 g/t Gold over 10 Metres) was a step-out ~700 m to the North of T6 (in the opposite direction from T1), making the distance between T1 & T12 ~1,400 m apart. At surface Lucky Minerals has exposed advanced argillic alteration for more than 2 km by 1.5 km, still open to east, north, and to the south. This is a rapidly developing story, lots of information is incoming, and quickly turning into one of the most exciting exploration efforts in the mining sector.
A maiden drill program of ~3,000 m is expected to begin in January 2022: The purpose of all these trenches now is to get information for the main event, which is drilling. A steady flow of trench results and soil samples are expected over the coming month, the results, coupled with new geophysics, will allow the structural geologist to optimize drill targets -- based on the strength of the system at surface the risk-reward metrics are good for people establishing a long position in LKY.V now. The trenches Lucky has dug are the equivalent (from a 43-101 perspective) of a horizontal (surface) drill hole as they are done with a rock saw that goes down ~8 cm and is systematically sampled (unbiased, not cherry-picked grab samples), the volume that is being sampled is in the 10s of kilos and is representative.