Lucky Minerals Inc (CVE:LKY) (OTCMKTS:LKMNF) has outlined a large alteration area measuring around 2.8 kilometres by 2 kilometres at its Fortuna 4 concession in southern Ecuador.
The so-called Emma prospect lies around 8 kilometres south of the El Garo prospect and the firm said results from rock chip samples had confirmed anomalous gold.
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"The outlined surface alteration at Emma is an exciting prospect identified by our field team in September," Francois Perron, who was appointed the new chief executive (CEO) of Lucky Minerals in September, said in a statement.
"Thanks to the diligent work of the team by following strict COVID-19 health & safety protocols and local regulations, work has continued throughout the month of September and into October," he added.
"This has allowed our teams to continue their efforts at identifying new prospects that will be evaluated in the next phase of our exploration efforts."
The company said the discovery of this large alteration zone confirmed the presence of a strong hydrothermal system that warrants further exploration.
Of particular interest are northeast-trending quartz veins with widths ranging from 1 to 3 meters, which are located on the south-east margin of the alteration envelope and are hosted in meta-granite, it added.
Lucky Minerals is an explorer targeting large-scale mineral systems in proven districts with the potential to host world-class deposits. It owns a 100% interest in the Fortuna and Emigrant projects in Ecuador.
Contact the author at giles@proactiveinvestors.com
