Clarus Securities agreed to purchase 2,500 Convertible Debenture Units of Lucky Minerals for gross proceeds of US $2 M.
Lucky Minerals is a venture stage exploration company that is targeting a large-scale porphyry copper-gold-molybdenum system in southern Montana that could potentially host significant gold deposit. The company is focused on its Emigrant Creek Project, which covers a 15 square kilometer area (6 square miles) located in the core of the mineralized and intensely altered Emigrant Mining District.
To date, ten highly mineralized breccia-pipes and two porphyry targets exist within the company's property boundary. These targets have been variously explored by drilling, induced polarization geophysical surveys, rock chip sampling and geologic & alteration mapping. The company's properties are comprised of nine patented claims and eight unpatented claims, with an additional 117claims staked, covering a total area of approximately 1,035 hectares (2,560 acres). Lucky Minerals resumed exploration in July, 2017 and has slated numerous activities to commence over the summer and into the fall, including further diamond drilling, geophysical work, geological mapping and ongoing sampling