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Lucky Minerals expands recently discovered El Garo target on its Fortuna project in Ecuador

The epithermal target lies on the Fortuna 1 concession on the wider Fortuna project, a 550-square kilometre area located in a highly prospective and underexplored gold belt

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El Garo now covers an approximate area of 1.6 kilometres by 800 metres

Lucky Minerals Inc (CVE:LKY) (OTCMKTS:LKMNF) said Wednesday it continues to expand its recently discovered El Garo target on the firm’s Fortuna 1 concession in southern Ecuador.

El Garo now covers an approximate area of 1.6 kilometres by 800 metres, the Vancouver-based company told shareholders.

The epithermal target lies on the Fortuna 1 concession on the wider Fortuna project, a 550-square kilometre area located in a highly prospective and underexplored gold belt in the South American country.

READ: Lucky Minerals recommences field exploration at Fortuna property in Ecuador

Analysis of satellite imagery of the Fortuna 1 concession indicates that El Garo appears to be spatially related to the margins of a circular feature that measures around five kilometres (km) in diameter and could represent “excellent” exploration targets, Lucky Minerals told investors.

The El Garo epithermal alteration zone appears to be spatially related to the margins of a circular feature (caldera-like) which measures approximately 5 km in diameter. 

“The outlined surface alteration at El Garo is an exciting discovery by our field team on the newly defined Shincata Gold Trend,” Lucky Minerals CEO Adrian Rothwell said in a statement.

“I am pleased to report that work has continued throughout the month of August, following strict COVID-19 health & safety protocols. This has allowed our teams to forge ahead on many fronts.”

Lucky Minerals has also kicked off the permitting process for an initial trenching and scout drilling on the target, as well as preparing a soil sampling program. The firm said it will complete ground geophysics on Fortuna 1 before outlining drill targets.

Rothwell noted that the firm is looking forward to upcoming results from multiple other targets on the Fortuna 3, 4, 9 and 10 South areas.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Price: 0.065 CAD

TSX-V:LKY
Market: TSX-V
Market Cap: $3.02 m
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