Lucky Discovers a Large Alteration Area with Anomalous Gold: The Emma Prospect
Okay, we know what your thinking, what the hell is anomalous gold? So we googled it.
In early-stage gold exploration there is often talk of gold ‘anomalies’. In simple terms this is where samples have been taken and the amount of gold found in them is higher than what is normal for that area. This is good news because it means there is a better chance that a gold deposit occurs in this area.
The significance of any gold anomaly depends intrinsically on context. This context includes the spatial extent of the anomalous samples; the material the sample was taken from; the size of the sample, and the background gold level for that area.
If the spatial extent represents an underlying gold deposit with higher grade then a major discovery could be at hand.
Read more here: THE GOLD ANOMALY
Lucky’s CEO, Mr. Francois Perron stated: “The outlined surface alteration at Emma is an exciting prospect identified by our field team in September. 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.”
Not to be Captain Obvious, but had they not found what they fund, they would have pulled the plug and moved on to the next project. The discovery of this large alteration zone confirms the presence of a strong hydrothermal system that will warrant further exploration work. Meaning keep going – we may be onto something big!
All rock samples are submitted to ALS Chemex laboratories in Quito for prep work, and the analytical work is completed at their lab facility in Lima, Peru. ALS Chemex is an ISO certified and accredited laboratory.
Lucky is an exploration and development company targeting large-scale mineral systems in proven districts with the potential to host world class deposits. Lucky owns a 100% interest in the Fortuna and Emigrant Projects.
The Company’s Fortuna Project is a royalty-free 550 km2 (55,000 Ha, or 136,000 Acres) exploration concession. Fortuna is located in a highly prospective, yet underexplored, gold belt in southern Ecuador. Lucky has a memorandum of understanding on Fortuna with First Quantum Minerals Ltd. (“First Quantum”) whereby First Quantum is able to earn up to 70% of copper targets.