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.
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I’m Katriina Cotten for Investmentpitch Media
Lucky Minerals has received additional gold samples from Wayka at its Fortuna property in Ecuador.
The 100% owned Fortuna property covers 550 square kilometers or approximately 55,000 hectares in a highly prospective, yet underexplored, gold belt in southern Ecuador.
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.
At Trench T-6, a rhyolite outcrop was systematically sampled across 7.0 metres, returning an average of 8.08 grams per tonne gold, with the last 3 samples returning an average of 17.63 grams per tonne over 3 metres, with one sample returning 26.50 grams per tonne gold.
Trench T-6 is 700 metres north of the previously announced 4.0 metre Trench T-1, which averaged 3.03 grams per tonne gold.
Samples 262957, 59 and 60 lie within a breccia 'feeder' zone, which are characterized by elongated stacked gray narrow quartz lenses ranging from 0.25 to 0.50 centimetres, partially broken up or “brecciated”, in a goethite-limonite silica matrix.
A rhyolite outcrop slightly further to the north at Trench T-5 was sampled in 1.0 metre by 1.0 metre panels, across 10.0 meters, returning an average of 0.38 grams per tonne gold.
At present, Wayka has been observed to remain open in all directions.
Exploration teams are focused on geological mapping and the gathering of rock samples from outcrop to increase our understanding of the current zones and expand the known footprint of the mineralized system.
This work will be followed by a detailed mag survey and trenching program which will subsequently lead to scout drilling.
Francois Perron, President and CEO, has joined us today with additional comments. Welcome Francois.
Field work continues at El Garo which is located less than 8 kilometers north of Wayka.
El Garo is a large epithermal system with outcrops of dacite and vuggy silica.
Due to a lack of outcrop, the soil sampling program initiated last year is now presently in the process of being completed.
Results from this program will be combined with trenching followed by a detailed mag survey leading to a drilling program at El Garo.
Continued field work at Sherman in an area known as Macuche, is mainly comprised of geological mapping and sampling.
Also, old pit type excavations are being cleared of brush to expose the bedrock.
The shares are trading at $0.125.
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.
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I’m Katriina Cotten for Investmentpitch Media
