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Lucky Minerals Inc.
Summary
| Project: | Fortuna | |
|---|---|---|
| Deposit: | Fortuna | |
| Location: | Ecuador | |
| Commodities: | Gold | |
| Date: | 9/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-9-2018: Lucky Minerals Inc. announces a Supporting Acquisition report for its Fortuna deposit at the Fortuna project. Updated summary of property in support of acquisition. On August 31th 2018, the property is made up of one block (12 contiguous conces | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alain Moreau (EarthMetrix Technologies Inc.) | |
| ABSTRACT: | On August 31th 2018, the property is made up of one block (12 contiguous concessions), totalling 54,985 ha. The concessions are located in the Azuay, Morona Santiago and Zamora Chinchipe Provinces in Ecuador, approximately 60 kilometres (km) south of Cuenca (Santa Ana de Los Cuatro Ríos de Cuenca), Azuay Province. The concessions are centered at 726600 Easting/9631500 Northing (PSAD 56, Zone 17S) or 3°19’28’’S latitude and 78°57’35’’W longitude and are located on geographical map-sheets CT – NVI – D2, 3783-I, CT – NVI – A3, 3884-III, CT-NVI – B4, 3784-II, and CT – NVI – C1, 3883-IV. Figure 1 "Regional Location Map" and Figure 2 "Property Location Map" show the actual property location. Table 2 shows concessions descriptions. The Property has not been legally surveyed On August 31, 2018, the property is held 100% by Goldmindex S.A., an ecuadorian company that is subject to a transaction by Lucky Minerals Inc. Obligations that must be met to obtain 100% ownership of Goldmindex S.A. are: Payments of due mineral property taxes of 2017 and 2018 and trust fees totalling US$538,100 and the issuance of 16,000,000 shares of Lucky Minerals Inc.to Monterra S.A. (A Panama registered company) for the acquisition of all shares of Goldmindex S.A. There are no surface rights nor any legal access issues that hamper exploration activities on property. To the knowledge of the author, there are no environmental liabilities pertaining to the Fortuna Concessions Property. | |
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