Luckystrike Resources Provides Update on Assays Results
September 28 2018 - 7:45AM
Luckystrike Resources Ltd. (LUKY.V) reports that
assays for the 2018 exploration season remain pending, with
approximately 9 tonnes of rock, drill core and soil samples
submitted to the lab. Due to the large volume of samples, assay
wait times have been much longer than anticipated. The company has
now been informed that final assays can be expected within the next
3 weeks. Results will be released as soon as they have been
compiled and interpreted.
Located in the heart of the Yukon’s White Gold
District, the Lucky Strike property covers 156 square kilometers
and is 100%-owned by Luckystrike Resources with no underlying
payments or royalties. As stated in the Company’s September 10,
2018 news release, 11 diamond drill holes totalling 1359.71m were
completed.
In addition to drilling, the most extensive
mechanized trenching program to date was completed across all know
target zones within the 10 km Lucky Strike trend. Eleven trenches
totalling 1865.5 meters (1.865 km) were completed: two at Monte
Carlo (213m), two at Belmont (810m), one at Samson (150m), five at
Boss (526m) and one at Maverick (166.5m). Details of these gold
mineralized zones can be found in the May 22, 2018 news
release.
The 2018 exploration season also allowed for the
completion of a widespread reconnaissance soil sampling and
prospecting program on the large, under-explored southeast half of
the property. where 2540 soil samples and 148 rock grab samples
were taken.
Bill Chornobay President and Chief Executive
Officer comments:
We are pleased that we have met or exceeded our
exploration objectives this season and look forward to receiving
and reporting the assay results with much anticipation. We
understand with the increased exploration activities delays such as
this cannot be avoided.
Stefan Kruse, Ph.D., P. Geo., Chief Geologist,
is a qualified person as defined by National Instrument 43-101, for
Luckystrike's Yukon exploration projects and had supervised the
preparation of, and has reviewed and approved, the technical
information in this release.
ON BEHALF OF THE BOARD
Bill Chornobay President, Chief Executive
Officer and Director
For new information from the Company's programs,
please visit Luckystrike's website at LuckystrikeRes.com or contact
Jeff Stuart of King James Capital Corporation, handling Investor
Relations for Luckystrike, by telephone at (604) 210-2150 or by
email at jstuart@kingjamescapital.com.
Neither the 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.
Forward-Looking Statements
Statements contained in this news release that
are not historical facts are “forward-looking information” or
“forward-looking statements” (collectively, “Forward-Looking
Information”) within the meaning of applicable Canadian securities
legislation. In certain cases, Forward-Looking Information can be
identified by the use of words and phrases such as “anticipates”,
“expects”, “understanding”, “has agreed to” or variations of such
words and phrases or statements that certain actions, events or
results “would”, “occur” or “be achieved”. Although Luckystrike has
attempted to identify important factors and risks that could affect
Luckystrike and may cause actual actions, events or results to
differ materially from those described in Forward-Looking
Information, there may be other factors and risks that cause
actions, events or results not to be as anticipated, estimated or
intended, including, without limitation: inherent risks involved in
the exploration and development of mineral properties; the
uncertainties involved in interpreting drill results and other
exploration data; the potential for delays in exploration or
development activities; the geology, grade and continuity of
mineral deposits; the possibility that future exploration,
development or mining results will not be consistent with
Luckystrike’s expectations; accidents, equipment breakdowns, title
and permitting matters; labour disputes or other unanticipated
difficulties with or interruptions in operations; fluctuating metal
prices; unanticipated costs and expenses; uncertainties relating to
the availability and costs of financing needed in the future,
including to fund any exploration programs on its projects; that
Luckystrike may not be able to confirm historical exploration
results and other risks set forth in Luckystrike's public filings
at www.sedar.com. In making the forward-looking statements in this
news release, Luckystrike has applied several material assumptions,
including the assumption that general business and economic
conditions will not change in a materially adverse manner. There
can be no assurance that Forward-Looking Information will prove to
be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on Forward-Looking
Information. Except as required by law, Luckystrike does not assume
any obligation to release publicly any revisions to Forward-Looking
Information contained in this news release to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
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