Lucky Minerals receives sample assay results from Wayka epithermal gold discovery on its Fortuna property in Ecuador

Lucky Minerals Inc (CVE:LKY) (OTCMKTS:LKMNF) (FRA:LKY) has received sample assay results from its ongoing work at the Wayka epithermal gold discovery at its 100%-owned Fortuna property in Ecuador. 

In a statement, the company said systematic sampling has returned up to 5.87 grams per ton (g/t) gold with an average of 3.06 g/t over 4 metres (m). 

Wayka lies along an elevated ridge that trends northeast with elevations ranging from about  3,600m to 3,700m above sea level and is bound to the East by the El Buitre Porphyry and to the West by the Emma Porphyry.

READ: Lucky Minerals sees potential for bulk tonnage gold mineralization after Fortuna project sampling

Lucky said its exploration team has continued with geological mapping and sampling at Wayka. Terraspec analyses of rock samples taken from the southern zone of Wayka has outlined an area of advanced argillic alteration, the higher temperature alteration minerals, with outcrops of vuggy silica that measures about 800m by 1,000m and remains open to the south.

At the southern part of the advanced argillic zone, the company said a panel sample returned 4.15 g/t gold. This sample was identified to be part of a breccia structure, a ‘feeder’ which is comprised of millimetric up to centimetric subrounded fragments of quartz and diverse lithic fragments in an aphanitic silica-rich ground matrix with stains of goethite and limonite.

In addition, a nearby area of siliceous outcrop was targeted for systematic sampling. 

Lucy said the first field visit has sampled systematically 4m across a partially exposed siliceous outcrop and one of the samples returned up to 5.87 g/t gold from a siliceous volcanic breccia which is believed to be a ‘feeder’ with an elongated geometry. The attitude, width, and continuity of this structure are currently being determined by field crews.

The average gold grade across 4m (includes wall rock) averages 3.06 g/t gold and for the breccia structure of 3m averages 3.50 g/t gold.

As geological work at Wayka continues, Lucky said it anticipates its understanding of the mineralized system to improve as more detailed work is completed. At present, Wayka has been observed to remain open in all directions.

“The team’s work at Wayka continues to confirm the potential of the system,” said Lucky CEO Francois Perron.

“We have now begun to take systematic rock samples depending on the outcrop exposure. It is very encouraging to find the system goes up to more than 5 g/t gold and that every meter sampled near this feeder has a grade that is greater than 1 g/t gold including the rhyolite wallrock. It is still early days, and our work is also focused on understanding the scale of the surface expression. Once more information including geophysics is gathered, we will prioritize how this area will be drilled.”

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