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LUCKY MINERALS INC - LKMNF STOCK NEWS

Welcome to our dedicated page for LUCKY MINERALS news (Ticker: LKMNF), a resource for investors and traders seeking the latest updates and insights on LUCKY MINERALS stock.

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.

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Lucky Minerals Inc. (OTC PINK:LKMNF) announced new assay results for its Macuche site, part of its fully owned Fortuna Property in Ecuador. A 20-meter trench yielded an average of 0.33 g/t gold from systematic samples. CEO François Perron noted the continuity of the stockwork system and the potential for bulk tonnage. The mineralization remains open to the east and west. Geological mapping and local prospecting are ongoing, with additional assays pending from nearby historical artisanal pits.

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Lucky Minerals Inc. (OTC PINK:LKMNF) announced promising assay results from its Wayka epithermal gold discovery at the Fortuna Property in Ecuador. The alteration zone has been extended by 500 meters, revealing a significant area of advanced argillic alteration measuring approximately 800 by 1,000 meters. Notably, a rock panel sample yielded 4.15 g/t gold. The company has submitted 83 additional samples for analysis to further pinpoint mineralization. With ongoing geological mapping, Lucky aims to enhance understanding of the mineralized system as exploration continues.

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Lucky Minerals Inc. (OTC PINK:LKMNF) announced the resignations of Directors Adrian Rothwell and Paul Pint, effective May 31, 2021, due to personal obligations. CEO François Perron acknowledged their contributions and will serve as Interim Chairman during the search for new Directors. The company is focused on exploration and development in mineral systems, particularly the Fortuna Property in Ecuador, which spans 550 km2 in a promising gold belt.

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Lucky Minerals Inc. (OTC PINK:LKMNF) reported positive assay results from its Fortuna Property in Ecuador. Assays from the Wayka area indicate a gold content of up to 2.90 g/t, confirming strong mineralization. In the Sherman area, assays revealed gold values of up to 2.19 g/t, particularly in a new zone called Macuche. The company continues its exploration efforts, with 28 samples currently pending analysis. The exploration teams are focusing on expanding the known mineralization footprint and identifying potential feeder zones for higher gold content.

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Lucky Minerals Inc. (TSXV: LKY, OTC PINK: LKMNF) has provided an update on its Wayka epithermal gold discovery at the Fortuna Property in Ecuador. CEO François Perron highlighted surface findings confirming a high-sulfidation epithermal system, with a 3 km magnetic low anomaly linked to mineralization. Recent assays revealed gold concentrations up to 2.9 g/t. Ongoing geological mapping and sampling aim to extend the understanding of the mineralized system, paving the way for future drilling targets. Exploration will continue with soil sampling and trenching efforts at nearby El Garo.

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Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF) has become a member of the Extractive Industries Transparency Initiative (EITI), enhancing its commitment to responsible resource governance in Ecuador. The EITI promotes transparency in resource extraction, requiring the government to disclose contracts, revenue, and social spending. CEO Francois Perron expressed pride in joining this internationally recognized framework. Lucky owns the Fortuna Property, spanning 550 km², with promising gold exploration at the Wayka target zone. The company maintains strict COVID-19 protocols for its workforce.

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Lucky Minerals Inc. (OTC PINK:LKMNF) has announced significant findings at its 100% owned Fortuna Property in Ecuador, identifying the Wayka target with initial assay results showing up to 2.90 g/t gold from surface samples. The mineralized area spans approximately 1.2 km by 0.5 km and is characterized by typical epithermal features. The company is awaiting further results from 38 additional samples while continuing its exploration work. The Wayka target is adjacent to other prospects, enhancing its exploration potential.

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Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF) has appointed Diane Mann as Corporate Secretary, effective March 1, 2021, following the resignation of Steven Cozine. Mann brings over 25 years of experience in venture capital and mining resource companies. CEO Francois Perron expresses confidence in Mann’s expertise amid ongoing exploration in Ecuador. Additionally, the company granted 700,000 stock options to Perron, exercisable at C$0.10 per share until March 25, 2026, enhancing management incentives for future growth.

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Lucky Minerals Inc. (TSXV:LKY)(OTC PINK:LKMNF)(FRA:LKY) has commenced field work at the Fortuna Property in Ecuador, focusing on the El Garo high sulphidation epithermal Prospect. A team of geologists is carrying out soil sampling over a 4.4 km x 2 km area, with plans to collect approximately 900 samples. The Fortuna Project spans 550 km2 in a mineral-rich volcanic belt. The exploration program includes trenching and geophysical studies, leading to a drill program expected in July. Victor Jaramillo oversees the project, ensuring adherence to guidelines.

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Lucky Minerals Inc. (OTC Pink:LKMNF) announced that First Quantum Minerals will not continue with the exclusivity agreement on the Fortuna project concessions 3, 4, 5, and 6. First Quantum will provide data generated during its exploration efforts. CEO Francois Perron emphasized the valuable insights gained, particularly regarding the Emma prospect’s potential for a copper-gold porphyry system. The Fortuna Project spans 550 km2 in a promising gold belt in Ecuador, and Lucky maintains a 100% interest in this exploration venture.

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FAQ

What is the market cap of LUCKY MINERALS (LKMNF)?

The market cap of LUCKY MINERALS (LKMNF) is approximately 1.2M.

What is Lucky Minerals Inc. focused on?

Lucky Minerals Inc. focuses on exploration and development of large-scale mineral systems in established districts.

Where is the Fortuna Property located?

The Fortuna Property is located in a highly prospective, yet underexplored, gold belt in southern Ecuador.

What does Lucky Minerals Inc. aim to achieve with its assets?

Lucky Minerals Inc. aims to unlock the full potential of its assets through strategic partnerships, innovative exploration techniques, and sustainable mining practices.

How many exploration concessions does Lucky Minerals Inc. own?

Lucky Minerals Inc. owns twelve contiguous, 550 km2 exploration concessions as part of the Fortuna Property.

What percentage of Lucky Minerals Inc. does Michael Gentile beneficially own or control?

Prior to a recent disposition, Michael Gentile beneficially owned or controlled approximately 11.61% of the Company's issued and outstanding shares.

What is the price at which the convertible debenture of Lucky Minerals Inc. is convertible into units?

The convertible debenture of Lucky Minerals Inc. is convertible into units at C$0.10 per unit.

When was the maturity date of the convertible debenture extended to?

The maturity date of the convertible debenture was extended by a further 90 days from October 4, 2023, to January 2, 2024.

Who is the President and CEO of Lucky Minerals Inc.?

François Perron serves as the President and Chief Executive Officer of Lucky Minerals Inc.

How can additional information about Lucky Minerals Inc. be accessed?

Additional information about Lucky Minerals Inc. can be found on the company's website, SEDAR, or by contacting François Perron via email or telephone.

What does Lucky Minerals Inc.'s exploration strategy involve?

Lucky Minerals Inc.'s exploration strategy focuses on targeting large-scale mineral systems in proven districts with the potential to host world-class deposits.

LUCKY MINERALS INC

OTC:LKMNF

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LKMNF Stock Data

1.19M
162.33M
19.8%
2.73%
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