Vancouver, British Columbia, Canada/ December 10, 2012/ -
Lucky Minerals Inc. ("Lucky Minerals" or the "Company") is pleased to announce that Phil Van Angeren, a registered Professional Geologist with APEGA, has been retained as a geological consultant to the Company for the Vianey Mine project.
Mr. Van Angeren has over 30 years of experience in the precious and base metal exploration industry and has extensive consulting experience with junior, mid-tier and major mining companies worldwide.
Mr. Van Angeren specializes in the management of resources-related projects. His expertise includes the design, implementation, supervision and analysis of programs ranging from grassroots exploration through to advanced deposit delineation.
The Vianey Mine project is situated within the prolific Guerrero Gold Belt in Guerrero State, Mexico, and approximately 250km south of Mexico City. The project covers 5,022 hectares (approximately 12,400 acres) in two concessions; the Vianey Mine and the El Jabali concession. The Vianey Mine is 44Ha in size and is situated within the eastern portion of the Morelos Project owned by
Torex Gold Resources Inc. ("Torex"). Morelos hosts Torex's El Limon gold skarn resource. The Vianey Mine was put into production in 1974 by Compania Minera de Chilpancingo S.A. and was in operation on a small scale until 1996. The El Jabali concession is 4978Ha in size, and adjoins the eastern edge of the Torex concession.
To view a map of the concessions click the link below:
http://www.luckyminerals.com/Projects_VianeyMine.html
Polymetallic silver mineralization at the Vianey Mine includes sulphide veins, breccias and mantos with local concentrations of gold and copper. Massive sulphide veins are localized along NW-trending fault zones, whereas mantos occur as sulfide concentrations with calcite, gypsum and quartz between some bedding planes in limestone. Two major breccia zones have been identified in the limestone. These breccias are associated with calcite-gypsum-quartz alteration and significant amounts of silver mineralization.
A preliminary resource calculation completed by
Robex Resources Inc. in 1997, states a total in all categories of 345,020 metric tonnes grading 2.13% lead, 3.66% zinc and 269 grams of silver per tonne. These data are categorized as historical resource estimates under National Instrument 43-101, and have not been sufficiently verified by a qualified person to be classified as current mineral resources. Lucky Minerals Inc. is not treating these historical estimates as current resource estimates and therefore, these historical estimates should not be relied upon.
Phil Van Angeren, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
Lucky Minerals is a mineral exploration company with two projects, the Parnes Lake Gold Project located 16 km south of the town of Sioux Lookout, Ontario and close proximity to Treasury Metals Goliath Gold deposit, the property consists of 13 unpatented mining claims comprising 139 units totaling 2229 hectares; and the Vianey Mine Project in the prolific Guerrero Gold belt, with close proximity to both Torex and Goldcorp Inc.'s Los Fibos Mine.
BY THE BOARD
"Navchand Jagpal"
Navchand Jagpal, CEO & President
For further information please contact:
Sonny Janda
Tel: (604) 443-5060
Fax: 604 592 6882
Suite 200 - 8338 120th Street
Surrey | British Columbia | V3W 3N4
This news release may contain certain forward-looking statements that reflect the current views and/or expectations of the Company with respect to its performance, business and future events. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, statements regarding the outlook for future operations, forecasts of future costs and expenditures, evaluation of market conditions, the outcome of legal proceedings, the adequacy of reserves, our ability to successfully close the Private Placement or other business plans. Investors are cautioned that any such forward-looking statements are not guarantees and may involve risks and uncertainties, and that actual results may differ from those in the forward-looking statements as a result of various factors, such as: general economic and business conditions, including changes in interest rates, prices and other economic conditions; actions by competitors; natural phenomena; actions by government authorities, including changes in government regulation; uncertainties associated with legal proceedings; technological development; future decisions by management in response to changing conditions; the ability to execute prospective business plans; and misjudgments in the course of preparing forward looking statements. These risks, as well as others, could cause actual results and events to vary significantly. Lucky Minerals does not undertake any obligation to release publicly any revision for updating any voluntary forward-looking statements.
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