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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

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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:

Company: Lucky Minerals
Website: http://www.LuckyMinerals.com
Stock Symbol: TSXV: LKY
Date Published: Oct 25, 2021
Transcript: Available

Video Transcript:

I’m I’m Mary Lou Proudfoot for Investmentpitch Media

Lucky Minerals has received additional sample assays from its ongoing work at its Wayka 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.

Work in the field is advancing on several fronts with current focus on trench T-14, with results have now been reported for trenches T-10, T-11 and T-12, which are open in both directions and will be further investigated as part of future trenching efforts.

Trench T-10, which averaged 2.81 g/t gold over 2 metres, 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-12, which averaged 1.21 g/t gold over 10 metres, 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.

Trench T-11, which averaged 1.12 g/t gold over 2 metres, was started approximately 75 metres to the southeast of the previously reported Trench T-6.

Mineralization appears to be hosted in altered volcanic rocks.

On July 30, the company reported that Trench T-6, returning an average of 8.08 grams per tonne gold, with the last 3 samples returning an average of 17.63 grams per tonne over 3 metres, with one sample returning 26.50 grams per tonne gold.

Francois Perron, President and CEO, stated: “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.”

The shares are trading at $0.08.

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 Mary Lou Proudfoot for Investmentpitch Media