Press Releases
 
Lucky Minerals Fortuna 3 Concession, Ecuador Exploration Update - El Buitre Target

Vancouver, BC, 9 January 2019 -- (ACN Newswire) -- via NEWMEDIAWIRE -- Lucky Minerals Inc. (TSX.V: LKY) (OTCPK: LKMNF) (FRA: LKY) ("Lucky" or the "Company") is pleased to announce further results of an on-going geological mapping survey conducted on its Fortuna Project (the "Project") located approximately 60 km south-east of the Town of Cuenca, Ecuador.

48 assay results have been received from the November field survey. Assays of less than 50 ppm up to 0.075% Cu (750 ppm), less than 50 ppm up to 0.03% Mo (300 ppm) and 0.01 g/t Au up to 1.21 g/t Au have been reported. Anomalous gold values from 0 of up to 130 ppb have been also reported in the breccias within the Porphyry.

Surface prospecting undertaken in early December has located what management believe is a mineralized Porphyry system that displays an ovoid shape being 1.3 km long with an estimated width of 1 km; approximately 90% of the Porphyry signature has been mapped to date. This structure is trending north-west and lies on the junction of two regional NNE and NW structures.

During this most recent campaign, B veinlets varying between 1mm to 3mm have been widely observed in the Porphyry as well as major stockworks. The widespread presence of B veins, including some cross-cutting D veins, stockworks and numerous Mo showings indicate that we are on top of the Porphyry system and getting closer to the core of mineralization. It should be noted that no A veins have been encountered yet. Lucky's exploration team believes that this current mapping program has identified a large-scale Porphyry system that will be subjected to detailed and ongoing field follow-up in the coming weeks. 50 mineralized samples from the above referenced B veins have been sent for assaying; results are pending.

QUALITY CONTROL

Rock samples on the Project were assayed by ALS in Lima with preparation performed in Quito. Samples were pulverized with 85% being under 75 microns and assayed by XRF and ICP techniques for multi-elements (four acid digestion) and major oxides. Gold was assayed using a 30g fire assay with AA finish.

Exploration program design and interpretation of results is performed by a Qualified person (QP) employing a Quality Assurance/Quality Control program consistent with industry best practices including the use of standards at every 20 samples.

NEXT STEPS

Starting early 2019, finalization of the current mapping program will be undertaken along with an airborne geophysical survey. Improvement of the existing dirt road and trails to an all-weather 14 km gravel road will be undertaken upon social approval. Aggressive grid-style sampling will continue on Fortuna 3 as well as regional prospecting on the 40 km major regional NNE structure. Other major regional NNE trending structures observed on the property will also be mapped and sampled.

This may be followed by a drilling program later in 2019. Fortuna 3 is one of 12 contiguous concessions which make up the Fortuna Property. Virtually no exploration has been done on these highly prospective concessions. Considerable potential exists for finding significant porphyry and epithermal Cu-Au mineralization throughout the Fortuna concessions.

"Lucky Minerals is very pleased by the results of this ongoing reconnaissance exploration program and we will continue to characterize in more details the identified porphyry system. We are excited to aggressively explore and prospect other targets on Fortuna 3 as well as on the 11 remaining concessions," says CEO John Mears.

About Lucky

An exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits.

The Fortuna Project

Lucky Minerals holds a 100% interest in Fortuna, a 550 km2 property in the heart of a proven and highly mineralized mineral district in Ecuador but which has seen only limited exploration and has never been drilled.

Evidence of significant hydrothermal alteration, stockwork, breccias, geochemical anomalies and placer mining supports potential for Cu/Au porphyry systems and epithermal Au deposits similar to numerous multi-million-ounce Au and bulk tonnage Cu deposits ~40km away.

This press release has been prepared by Alain Moreau, P.Geo., VP-Exploration at Lucky Minerals Inc., a "qualified person" as defined by NI 43-101 instrument. For further information, please consult Lucky's website or contact: Tel: 866 924-6484, http://www.luckyminerals.com.

ON BEHALF OF THE BOARD
John Mears
Chief Executive Officer

Further information regarding the Company can be found on SEDAR at http://www.SEDAR.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in Lucky's periodic reports including the annual report or in the filings made by Lucky from time to time with securities regulatory authorities. We seek safe harbor.

Lucky Minerals
866 924-6484


# # #


Submitted by ACN Newswire, ACN Newswire on Wednesday, 9 January 2019 at 10:07 AM
Category: Architecture & Construction
 
Related News

Never Miss Up to 50% runescape 07 gold for Golden Tench OSRS Jan.21
Saturday, 19 Jan 2019

Sapphire's Subsidiary Awarded EPC Contract of RMB 832M Related to its PPP Project in Chengdu
Tuesday, 15 Jan 2019

5 Warning Signs Your Roof Needs to be Changed
Thursday, 10 Jan 2019

Why It's Best To Get Interior Painting For Your Home
Thursday, 10 Jan 2019

Green Building Materials Market Research, Trends, Growth, Share, Size and Forecast To 2018 - 2023
Thursday, 10 Jan 2019

Related Events

FITC Toronto 2019 • The Design and Technology Conference • April 29 - May 1
Monday, 29 Apr 2019

Advancing Preconstruction and Estimating 2019 Conference | Dallas, Texas
Monday, 20 May 2019

Office Expo Asia (OEA) 2019
Wednesday, 10 Jul 2019

Latest News

Actionable Tips to Choose a Garage Door Service
Sunday, 20 Jan 2019

Know The Advantages Of Using Interactive Displays In Retail Industry
Sunday, 20 Jan 2019

Alexander the Great Greek Restaurant Offers Tasty Greek Foods with Authentic Greek Environment
Sunday, 20 Jan 2019

HCX to host Crypto Assets & Institutional Investors Summit during World Economic Forum 19-20 January
Sunday, 20 Jan 2019

Demos Continental Greek Grocery Store Offers Rich Outstanding Quality Greek Groceries
Sunday, 20 Jan 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Monday, 21 January 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Montreal Graduate Fair - Meet Top US And International Master's Programs
  • Mayo Clinic Urology Review 2019
  • Social Media in the Pharmaceutical Industry
  • SMi's 8th Annual Pharmaceutical Microbiology UK Conference
  • Social Media in the Pharmaceutical Industry, 21-22 January 2019, London, UK

  • Latest Jobs
    Sorry, there are currently no entries posted here.