InvestmentPitch Media Video Discusses Lucky Minerals’ Discovery of Large Intersections of Gold Mineralization in the Initial Stage of its Ongoing Drill Program at its Wayka Project in Ecuador
February 08 2023 - 6:00AM
Lucky Minerals (TSXV:LKY) (OTCPink:LKMNF) (FSE:LKY) has discovered
large intersections of gold mineralization in the initial stage of
its ongoing drill program at its Wayka Project in Ecuador. The 100%
owned Fortuna property covers 550 square kilometers or
approximately 55,000 hectares of exploration concessions in a
highly prospective, yet underexplored, gold belt in southern
Ecuador.
A Media Snippet accompanying this announcement is
available by clicking on the image or link below:
For more information about this news along with
comments from Francois Perron, President and CEO of Lucky Minerals,
please view the InvestmentPitch Media video. The video is available
for viewing on “InvestmentPitch” or on
“YouTube”. If the link is not available, please
visit www.InvestmentPitch.com and enter
“Lucky” in the search box.
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.
Lucky has completed the first 5 drill holes at
Wayka using lightweight drill equipment developed by the company’s
drilling partner Hubbard Drilling. These shallow holes were
designed to follow up on the trenches previously announced in the
Discovery Zone. The objective of this initial drill program was to
prove the continuity of the siliceous lenses to depth and its
lithological and/or structural control.
Drill hole DDHW-001-2023 was drilled to intersect
the gold mineralization outlined in the southern edge of trench 21,
which previously returned 5.24 g/t gold over 14 metres. This drill
hole intersected strongly silicified rock containing gold
mineralization from surface to a depth of 7 metres, with an average
grade of 0.64 g/t gold.
Drill hole DDHW-003-2023 was drilled to intersect
the surface gold mineralization outlined between trenches 6 and 14.
This drill hole intersected gold mineralization from a depth of 16
to 26 metres, associated with vuggy silica and pyrite, reporting an
average of 0.68 g/t gold over the 10 metres.
Drill hole DDHW-005-2023 was drilled to a depth of
80.20 metres to intersect from surface the silicified zone sampled
in trench 17. This drill hole intersected a zone of gold-bearing
vuggy silica with disseminated pyrite from a depth of 0.53 to 6.35
metres, reporting an average of 0.87 g/t gold over the 5.82
metres.
Drill hole DDHW-002-2023, drilled to intersect the
down dip extension of the silicified rocks found in drill hole
DDHW-001-2023, intersected a zone of advanced argillic alteration
with anomalous gold mineralization from 17.80 to 21.25 metres.
Drill hole DDHW-004-2023, drilled to a depth of
60.50 metres to intersect the gold mineralization below trench 17,
intersected a zone of faulting with anomalous gold.
The shares are trading at $0.035. 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 Kerry Schacter at Renmark
Financial who can be reached at 416-644-2020 or by email at
KSchacter@renmarkfinancial.com.
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