The Wayka epithermal gold discovery lies along an elevated ridge that trends northeast with elevations ranging from approximately 3,600 meters to 3,700 meters above sea level and is bound to the East by the El Buitre Porphyry and to the West by the Emma Porphyry.
Additional Information:
Video Transcript:
I’m Ebony North for Investmentpitch Media
Lucky Minerals has received additional sample assays from its ongoing work at its Wayka epithermal gold discovery at its Fortuna Property in Ecuador.
The 100% owned Fortuna property covers 550 square kilometers or approximately 55,000 hectares in a highly prospective, yet underexplored, gold belt in southern Ecuador.
The Wayka epithermal gold discovery lies along an elevated ridge that trends northeast with elevations ranging from approximately 3,600 meters to 3,700 meters above sea level and is bound to the East by the El Buitre Porphyry and to the West by the Emma Porphyry.
Today’s news reflects the results of the north-south oriented trenches T-5 and T-6, which when combined into one trench have a total length of more than 70 metres.
The combination of trenches T-5 and T-6 display three distinct, strongly silicified structurally controlled mineralized trends, which are interpreted to be feeder zones.
One-meter systematic channel samples taken along the trench resulted in 75 one-metre samples with an average weight of 8 kilograms.
These samples were taken with a rock saw to improve the quality of the samples.
The northernmost trend (feeder) averages 0.46 g/t gold across 9 metres and mineralization is interpreted to be structurally controlled along a trend that is strongly silicified and hosted in meta-granites.
This mineralized trend is interpreted to strike east northeast.
The middle-mineralized trend (feeder) averages 6.68 g/t gold across 12 metres and mineralization is also interpreted to be structurally controlled along a trend that is hosted in strongly silicified meta-granites.
At present this mineralized trend is interpreted to strike east northeast and appears to be parallel to the northernmost mineralized trend.
The southernmost mineralized trend averages 2.40 g/t gold across 7 metres and mineralization is interpreted also to be structurally controlled.
This mineralized trend appears to also strike east northeast, and mineralization remains open to the south.
This table summarizes the 61 metres of samples from trenches T-5 and T-6, which average 1.67 g/t gold.
Francois Perron, President and CEO, has joined us today with additional comments. Welcome Francois.
(PAUSE)
Thank you Francois.
The shares are trading at $0.12.
For more information, please visit the company’s website, www.LuckyMinerals.com, contact Francois Perron, President and CEO, at 866-924-6484 or by email at investors@LuckyMinerals.com.
Investor Relations is handled by Daniel Gordon at Renmark Financial, who can be reached at 416-644-2020 or by email at dgordon@renmarkfinancial.com.
I’m Ebony North for Investmentpitch Media
