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Lucky Minerals Inc. (LKMNF) is an exploration and development company focused on large-scale mineral systems in established districts with the potential for world-class deposits. The company owns a 100% interest in the Fortuna Property, consisting of twelve contiguous, 550 km2 exploration concessions in southern Ecuador, a promising yet underexplored gold belt. Lucky aims to unlock the full potential of its assets through strategic partnerships, innovative exploration techniques, and a commitment to sustainable mining practices.
Lucky Minerals Inc. has successfully closed a non-brokered private placement of 35,714,286 units at CDN$0.056 per unit, raising gross proceeds of CDN$2,000,000. Each unit includes a common share and a three-year warrant priced at CDN$0.10. Notable investors include Michael Gentile and Victor Cantore, owning approximately 18.5% and 7.4% of the company, respectively. Proceeds will fund the Fortuna Project's initial drill program in Ecuador and general working capital. The offering is pending final approval from the TSX Venture Exchange.
Lucky Minerals Inc. has increased its non-brokered private placement financing from 33 million to 35.71 million units, raising gross proceeds of up to $2.0 million. Each unit consists of one common share and one three-year warrant, priced at CDN $0.056 and CDN $0.10 per share respectively. Investor Victor Cantore joins existing investors, bolstering the company's strategic position ahead of its first drilling program at the Fortuna Project in Ecuador. The financing is subject to TSX Venture Exchange approval.
Lucky Minerals (TSXV:LKY) (OTC PINK:LKMNF) announces a non-brokered private placement of up to 33,000,000 units for gross proceeds of approximately CDN $1.848 million. This includes investments from prominent strategist Michael Gentile, potentially increasing his stake to 19.9%. The offering will finance the maiden drill program at the Fortuna Project in Ecuador, with each unit priced at CDN $0.056. Gentile emphasizes the high potential for discovery, while the company prepares for its first drill phase.
Lucky Minerals Inc. (OTC PINK:LKMNF) announced ongoing trenching at its Fortuna Property in Ecuador, confirming additional mineralized structures ahead of a drilling campaign scheduled for June. Recent results from the Wall Zone trenches revealed anomalous gold, while the Kelly Zone returned an average of 1.21 g/t gold over 10 metres. A significant soil anomaly identified a magnetite lens yielding 7.81 g/t gold over 1 metre, expanding exploration potential. The company engages in strict QA/QC protocols and is committed to safety amid ongoing field operations.
Lucky Minerals Inc. (OTC PINK:LKMNF) has completed targeting for its drill program at the Wayka epithermal gold discovery in southern Ecuador's Fortuna Property. Following a review of high-grade trenching results, the initial phase will involve 3,000 meters of HQ core drilling, focusing on the Discovery Zone. Key trench results include 8.02 g/t gold over 9 meters. The drilling is set to commence in June, with further exploration ongoing. CEO Francois Perron expressed optimism about expanding known mineralization.
Lucky Minerals Inc. (LKMNF) announced promising assay results from Trench T-21 at its Fortuna Property in Ecuador, reporting an impressive 5.24 g/t gold over 14 meters. This trench is situated near other high-grade trenches, indicating potential for multiple mineralized structures. CEO François Perron highlighted the significance of these findings, noting unusual mineralization in schist rocks. The company is advancing preparations for a 3,000-meter drilling program, with structural analysis and geological evaluations nearing completion to inform drilling targets.
Lucky Minerals Inc. has announced assay results for trenches T-17, T-18, and T-19 at its Wayka gold discovery in Ecuador's Fortuna Property. Trench T-17 revealed 36 meters of mineralization, indicating potential for multiple structures nearby. The upcoming drill program will assess these mineralizations in 3D. The company has retained SRK Consulting for structural analysis and is preparing for a 3,000-meter drilling phase. All exploration adheres to strict QA/QC protocols, ensuring reliable results.
Lucky Minerals Inc. (LKMNF) announced positive results from soil sample analyses at its Wayka gold discovery in Ecuador's Fortuna Property. A total of 1,027 soil samples confirmed significant surface alteration over 2.4 km by 1.4 km, suggesting extensive potential for gold mineralization. The exploration team is integrating various geological data to define drilling targets, with a planned 3,000 m drilling phase underway. QA/QC protocols were strictly followed, utilizing ISO certified labs for sample analyses. Future updates on analytical results will be provided as they become available.
Lucky Minerals Inc. will participate in Renmark Financial Communications' live Virtual Non-Deal Roadshow Series to present its latest investor information. The events are scheduled for March 21, 2022 at 11:00 AM CDT and March 28, 2022 at 1:00 PM PDT. CEO François Perron will lead the presentation, followed by a Q&A session. Interested participants can register via the provided links. The company's Fortuna Project, located in southern Ecuador, spans 550 km² and shows potential for world-class mineral deposits.
Lucky Minerals Inc. has reported significant geochemical results from soil sampling at its Wayka gold discovery in Ecuador, covering a grid area of 2.44 km². A total of 1,027 soil samples were analyzed, revealing two large anomalous gold areas, with 37% of samples found to be anomalous. The strongest anomaly measures approximately 700 x 400 meters, showing values up to 1.43 ppm gold. CEO François Perron expressed excitement about the findings, highlighting the potential for further exploration and upcoming drilling efforts. QA/QC protocols were followed during sample analysis.
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