Lucky Minerals Inc. TSX-V: LJ highly prospective for large Copper & Gold discovery in a prolific mineral belt, among world-class neighbors.
Lucky Minerals Inc. (TSX:LJ)
NEW YORK, NY, UNITED STATES, June 11, 2018 /EINPresswire.com/ — Lucky Minerals Inc. (TSX-V: LJ) (OTCQB: LKMNF) is highly prospective for major gold and copper discovery as it advances its 100%-owned Fortuna Project in Ecuador, located in a prolific mineral belt ~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. Lucky's Fortuna concessions are newly acquired from a private company that essentially sat on coveted prime ground for well over a decade as discoveries were made surrounding it. The project is ripe for discovery of significance having received no modern exploration or drilling; geological interpretation and historical sampling (up to 10,5 g/t Au + numerous Cu anomalies in stream sediment) suggest potential for massive Gold & Copper system beneath. A major NNE-trending geological structure laden with calderas cuts through Lucky's Fortuna Project, similar NNE-trending structures intersect neighboring Fruta del Notre, Mirador, Loma Larga, and others.
Lucky Minerals is the subject of a Mining Journal Review, of which full copy may be viewed at http://miningmarketwatch.net/lj.htm online.
Historically, only limited sporadic rock sampling with no follow-up on anomalies has occurred on the property.
Using a proven systematic exploration approach (geophysics, remote sensing, alteration and volcano features mapping, structural analysis, and soil sampling over selected anomalies) Lucky Minerals Inc. expects to take the property to target-ready drill status in short order (see 2018 Phase I and 2019 Phase II exploration plans further below), highly prospective for discovery — the board and technical team are actively hunting elephant deposits here in Ecuador.
Completely new high-caliber board and skilled technical team: The decision to acquire Fortuna was made by the new board of directors and technical team following a complete restructuring/changing of the guard (~1 year ago) at Lucky Minerals. The new board and technical team was first attracted to LJ.V because of the geologically compelling nature of the Company's other flagship asset, the 100%-owned Emigrant Creek Cu-Au-Mo Project in Montana, which has multi-million oz gold potential in ~2 billion+ Tonne porphyry system target. To date 10 highly mineralized breccia-pipes have been located. The Montana property is a significant asset that adds inherent value on its own as it is potentially amenable to bulk underground mining; compelling drilling results include 132m of 2.1 g/T gold and 50m of 14.37 g/T gold. It was decided that with the long road to permitting in Montana and seasonal aspect, it was best to diversify the Company and focus to take advantage of the unique opportunity presented in Ecuador, which allows for year-round advancement and will expose shareholders to incredible upside share price appreciation potential when the technical team first drills to expose targets it is expected to delineate this coming H2-2018 exploration session.
A high-quality board was assembled along with a strong technical team; e.g.: The head of the technical committee is Guy Lauzier, B. Eng who is the General Manager of Nemaska Lithium's Whabouchi Mine. On the board are notable names such as Joao Carêllo, who was the COO of Lundin for several years, and Stuart Greene; a geo and former Director of RMB Resources, which is essentially First Rand Bank's investment arm in London.
The Fortuna project exhibits many similarities with significant epithermal gold and Cu-Mo porphyry deposits.
In the Heart of Elephant Country:
Fortuna is surrounded by many multi-million ounces gold and billion lbs polymetallic properties:
– Lundin Gold (V-LUN) Fruta del Norte (9.48 M oz Au I+Inf)
– Sol Gold (T-SOLG) Cascabel (7.4 M tonnes CuEq)
– Lumina Gold (V-LUM) Cangrejo (8.8 M oz Au +1.1B lbs Cu Inf)
– INV Metals (T-INV) Loma Larga (3.09 M oz Au +125 M lbs Cu I+Inf)
– China National Rail Mirador (2.7 M oz Au and 5.9 B lbs Cu M+I)
This is not a story of a rehashed project, the Fortuna Property is untapped in exploration potential, and one of the most exciting ventures unfolding in South America.
See the full Mining Jounral article at http://miningmarketwatch.net/lj.htm online.
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Source: EIN Presswire