Lucky Minerals Inc. (TSXV:LKY) (OTC:LKMNF) (FRA:LKY) has several new gold discoveries at its 100%-owned royalty-free 550km2 (55,000 Ha, or 136,000 Acres) Fortuna Project in Ecuador, 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. Within the last few months Lucky’s geological team has discovered an entirely new gold trend, the Shincata Gold Trend, which extends across the NW Fortuna concessions for ~22 km, in an area of multiple volcanic centers. Lucky’s geological team is actively exploring on ground with all the ingredients for extensive gold potential; on July 12, 2021 announced “Lucky Minerals Systematic Sampling of Outcrop Averages 3.06 g/T Gold over 4.0 m at Wayka” (T1 results), and 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) — In-short, Lucky Minerals has tapped into a high-sulfidation epithermal gold system that has shown economic levels of mineralization at surface, this type of deposit tends to be a disseminated body that can scale up quickly. The geological team is tracking multiple feeder zones at surface (T1 & T6 are 700m apart), how far this carries is being investigated now; there are teams in the field bringing back new information from material exposed at surface. The geological team is mapping advanced argillic alteration (high-temperature volcanic material favourable for trapping/hosting gold) across a significant and rapidly expanding footprint, there is evidence pointing to parallel feeder zones to be uncovered, and Lucky plans to put drills into optimized targets this year — favourable results are apt to send the share price vertical. The aforementioned July 12 feeder zone has been followed to at least ~30 m, it trends east to west, with stellar grades in what has been released to date. 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.
Lucky Minerals is the subject of a Mining MarketWatch Journal review, full copy of which may be viewed at https://miningmarketwatch.net/lky.htm online.
The Shincata Gold Trend was named by Lucky after the Shincata River (and basin) which runs through Lucky’s property. The river basin has numerous historical workings (documented for 300+ years, likely active since Inca times), and currently hosts local artisanal alluvial and placer gold mining. Prior to Lucky’s geological team, no one has found gold on the concessions outside the river area, it was unexplored prime virgin ground; Lucky’s Fortuna concessions were acquired in 2018 from a private company that essentially sat on coveted prime ground for close to two decades as major discoveries were made surrounding it. The project is ripe for discovery of significance having received (prior to Lucky) no modern exploration or drilling.
The Fortuna Gold Project lays within a tertiary volcanic belt that trends NE-SW through the property, these are volcanics which are known to hosts major epithermal gold deposits, similar trending structures intersect neighboring Fruta del Notre, Mirador, Loma Larga, El Mozo and others. Satellite imagery confirms what is understood to be a collapsed caldera proximal to the discoveries Lucky is now making.
Lucky’s Fortuna concessions are located in a strategic land position, within 80 km from numerous gold and copper deposits:
– Lundin Gold Inc. (TSX:LUG) – Fruta Del Norte- M&I 4.82M oz Au, 6.33 M oz Ag.
– Lumina Gold Corp. (TSXV:LUM) – Cangrejos Deposit – Ind. 8.91 M oz Au,10.57 M oz Ag, .12% Cu.
– Solaris Resources Inc. (TSX:SLS) – Warintza – Presently conducting 40,000 m drill program. Based on historic drilling – 124 MT Inferred 0.70% CuEq2 (0.56% Cu, 0.03% Mo and 0.06 g/t Au).
– Dundee Precious Metals Inc. (TSX:DPM) – Loma Larga Deposit – M&I 2.91 Million oz Au, 19.22 M oz Ag, .22% Cu.
– Enami – EP – Gaby-Papa Grande- Ind. 6.98 M oz Au, .09% Cu.
– EcuaCorriente – El Mirador- M&I 2.81 M oz Au, 21.11 M oz Ag, .61% Cu Ag
Lucky Minerals is advancing three project areas this 2021: 1) Wayka (epithermal) which is the main focus of exploration efforts, 2) Macuche (mesothermal), and 3) El Garo (epithermal) project area. Mining MarketWatch Journal has an overview of the opportunity in each project area; See https://miningmarketwatch.net/lky.htm online for full copy.
Content herein may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned.
Legal Disclaimer/Disclosure: While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. Furthermore, it is certainly possible for errors or omissions to take place regarding the profiled company, in communications, writing and/or editing. Nothing in this publication should be considered as personalized financial advice. We are not licensed under any securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this article is not provided to any individual with a view toward their individual circumstances. Baystreet.ca has been paid a fee of one thousand five hundred dollars for Lucky Minerals advertising from Mining MarketWatch Journal. There may be 3rd parties who may have shares of Lucky Minerals and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision. By reading this communication, you agree to the terms of this disclaimer, including, but not limited to: releasing Baystreet.ca, its affiliates, assigns and successors from any and all liability, damages, and injury from the information contained in this communication. You further warrant that you are solely responsible for any financial outcome that may come from your investment decisions.