Lucky Minerals Inc V.LKY

Lucky Announces First Quantum Will Not Proceed to Next Phase

[tsxventurewatch]

Vancouver, British Columbia, February 23, 2021 Lucky Minerals Inc. (TSXV:LKY, OTC:LKMNF, FRA:LKY) (Lucky or the Company) announces that First Quantum Minerals Ltd. (First Quantum) will not proceed to the next phase of the exclusivity agreement entered into on March 2, 2020. As part of the initial agreement First Quantum will provide all the data they have generated while they worked on the Fortuna concessions 3,4,5 & 6. Lucky CEO, Francois Perron, stated The high-quality work accomplished by First Quantum offers us significant insights into the potential of the property. Their conclusion from this work is that they did not see the potential for a large scale copper porphyry system they are interested in targeting. The surface mapping and geophysics undertaken is of great value and will be the basis of our future strategy with respect to those target areas. In particular recent review of data confirms the presence of the upper parts of a potential copper gold porphyry system at the Emma prospect. Our work continues on the other gold prospects identified in 2020; El Garo and Sherman.

[traps7]

  i guess the timing of raising cash atleast was good. I see alot of the pp price was taken out by ano.   ..we"er do we go from here..any ..opinions   out there...Traps7

[tsxventurewatch]

"Drilling in July" says the news release out today...

[Buckmaster1]

I'm no expert... Does this decision due to poor fndings mean the odds to find gold have diminished also?