15:20:38 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Lucky Minerals Inc
Symbol LJ
Shares Issued 55,300,053
Close 2015-10-08 C$ 0.10
Market Cap C$ 5,530,005
Recent Sedar Documents

ORIGINAL: Lucky Minerals updates, files report for Emigrant

2015-10-09 15:19 ET - News Release

Received by email:

File: lucky news release oct 9 final.doc








LUCKY MINERALS FILES UPDATE 43-101 REPROT

Surrey, B.C., October 9, 2015: Lucky Minerals Inc. (the "Company" or "Lucky Minerals") (TSX.V: LJ) reports that the no
--->n-independent report entitled "The Emigrant Mining District Project" mentioned in previous press release dated Septemb
--->er 1, 2015 has been updated and filed on Sedar. The update has been reviewed by the BC securities commission prior to 
--->release.

The report contains a description of the various historic work programs and an analysis of possible potential of the d
--->ifferent zones present within the property. Several historic resources are reported within the report including the 20
--->08 resource calculation completed by Tetra Tech from New Edge Gold which is disclosed as a historic resource. The hist
--->oric inferred mineral resource for the DUV Breccia pipe using a low cut-off of 0.01 ounces per ton (opt) gold estimate
--->d to be 1,646,000 tons at a grade of 0.0286 opt gold that would contain approximately 47,000 ounces of gold with addit
--->ional silver and copper credits and anomalous molybdenum mineralization.

The inferred geologic resources calculated by Tetra Tech used a block model with a 10 *10*10 foot block size. Approxim
--->ately 25 million blocks were generated in the model. Approximately 3,300 5-foot intervals were converted into 10-foot 
--->assay composites and statistical analyses were run on gold (opt), silver (opt) and copper (%).Variograms for the metal
--->s exhibited a strong anisotropy, with a vertical range of 100 feet, a North 20 East trend of 50 feet, and a short cros
--->s-trend of 25 feet. The data was kriged using a General Relative Kriging model. The search parameters were established
---> as the nearest 4 points, with the search ellipse using the modeled gold variogram ranges of values. The same search p
--->arameters were used for all metals.   Rock densities were not reported for the drill samples and therefore, a default 
--->density of 12.5 cubic feet per ton was used. 

Note: The 2008 resource is considered an historical resource, as a technical report on the resource was never filed al
--->though the calculation was completed.  It is the qualified person's opinion that the resource is reliable having been 
--->done by a reputable independent third party who verified data and checked assays.  The qualified person has not done s
--->ufficient work to classify the historical resource as current.  The company is not treating the resource as a "current
---> resource" and does not intend to rely on this resource but will use it as a guide.

The report provides the support for the above disclosure of an historic resource. To upgrade the resource to current a
--->dditional drilling will be required which the company is planning to do.

The company is working on updating the web site with the current information.

Shaun Dykes, M.Sc. (Eng); P.Geo (#20044), a Qualified Person as defined in NI 43-101, is responsible for the review of
---> all scientific and technical information contained in this release.

On behalf of the Board 

"Shaun Dykes"
Shaun Dykes
Director
604 357 4764

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new release.
Forward-looking information

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking informati
--->on" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform A
--->ct of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any o
--->f the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expres
--->sions and statements relating to matters that are not historical facts are intended to identify forward-looking inform
--->ation and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
---> Actual future results may differ materially. In particular, this release contains forward-looking information relatin
--->g to the business of the Company, the Property, financing and certain corporate changes. The forward-looking informati
--->on contained in this release is made as of the date hereof and the Company is not obligated to update or revise any fo
--->rward-looking information, whether as a result of new information, future events or otherwise, except as required by a
--->pplicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not 
--->place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking in
--->formation contained herein.


Suite 200 8338 - 120 Street, Surrey, British Columbia V3W 3N4 Office: (604) 357 4764 Fax: (604) 592 6882 www.luckymine
--->rals.com



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