Lucky Minerals Plans Exploration Program on Fortuna Concessions in Ecuador
NEWS RELEASE
LUCKY MINERALS PLANS EXPLORATION PROGRAM ON FORTUNA CONCESSIONS IN ECUADOR
Vancouver, B.C. July 3, 2018 – Lucky Minerals Inc. (TSX.V: LJ) (OTCQB: LKMNF) (FRA:8LM) (“Lucky” or the “Company”) announces that the Company is planning an exploration program which is expected to begin shortly on the Fortuna Concessions in Ecuador. Kilometric alteration and breccia zones have been delineated following reconnaissance field visits last January and February. A comprehensive structural study and alteration mapping
using satellite imagery have confirmed results from the reconnaissance surveys and 4 precise zones of interest in Fortuna 3 have been outlined measuring approximately 1km2 each. Detailed mapping, sampling and assaying of these 4 areas will be undertaken starting in mid-July (see image 1). This field program will be followed by an airborne geophysical survey in September to complement previous study of satellite imagery and identify and prioritize additional targets in all 12 Fortuna concessions.
In addition, artisanal mining activities have been recorded in the southern part of the property where tunneling activities have been reported to the company. These recently discovered tunneling activities in hard rock will also be subjected to detailed mapping, sampling and assaying. Numerous placer gold artisanal mining activities have also been noted in the Southern concessions (see image 2).
Goldmindex Acquisition Update
The Company also reports that it has submitted all the necessary documentation to the TSX Venture Exchange related to the acquisition of Goldmindex S.A., the owner of the Fortuna Project Concessions in Ecuador. The filing is currently under review by the TSX and Lucky anticipates satisfying any comments or questions the Exchange may have in connection with the acquisition in a timely and practicable manner.
ON BEHALF OF THE BOARD
“Robert Rosner”
Chief Executive Officer
Contact Information: Further information regarding the Company can be found on SEDAR at www.SEDAR.com, by visiting the Company website at www.luckyminerals.com or contacting the Company directly at [email protected] or (866) 924-6484.
This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted production outline due to regulatory, technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted production outline due to regulatory,
202-905 W. Broadway Street, Vancouver, BC V5Z 4M3 | T: (866) 924-6484
technical or economic factors. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates
The TSX Venture Exchange (TSX.V) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.
We seek safe harbour.
202-905 W. Broadway Street, Vancouver, BC V5Z 4M3 | T: (866) 924-6484