SOLG Returned 24x to Early Holders. Could LKY Be Next?

• One of the biggest mining successes of the last 5 years can be found in Solgold, which appreciated over 2,000% as they furthered exploration at their flagship Ecuadorian project, Cascabel. From early geographical surveying to drilling results today, this project exemplifies quality progression for the company and its stock price, from $1.30 to $37.

• Ecuador was the location of another seminal win in this sector since 2000: Aurelian Resources, which was acquired for $1.2 billion after "striking gold" in the southern part of the country at the Fruta Del Norte property.

• Another Ecuadorian project is in the early exploration stage today with results emerging in the next 12 months, and the project could be equally exciting. Lucky Minerals' (LKY) Fortuna property is within 40km of Fruta Del Norte. Early geographical results are promising for LKY, and this is a mining name to know for 2019.

NEW YORK, NY / ACCESSWIRE / November 27, 2018 / Ecuador has become a hotbed of exploratory mining activity in the last two years, and the majors are putting down roots. The government has become more receptive to outside investment under new leadership, and they're making a push to attract mining projects that can bolster the economy.

Another junior is getting increased investor attention as they report more details from their Fortuna property in the southern part of the country. Not far from one of the biggest new projects in the region, Fruta Del Norte, early geographical work suggests a major porphyry system at Fortuna, and drilling could begin next year. With SOLG as a possible template for how success plays out among juniors -- $1.30 to $37 in a few years -- LKY may be worth a look for the discerning investor.

Exploration By LKY Is Turning Up Increasingly Promising Signals

Exploration continues at Lucky Minerals' (TSXV:LKY) Fortuna 3 concession, one of 12 contiguous concessions that make up the Fortuna property in Southern Ecuador. In November, the company announced their latest findings, and investors should be taking notes.

Prospecting and mapping were undertaken this fall, and the company has identified altered mineralized and fractured granite in Fortuna 3; alteration is mainly K-feldspar and hydrothermal biotite with abundant sulfide mineralization. Minerals typical of high temperature environments, like silica and pyrophyllite, have been recognized in the area. Lucky's exploration team believes that recent reconnaissance mapping suggests a large-scale doughnut shaped structure of more than 1.2 km in diameter.

Though technical, all this is suggestive that the company may be onto a major porphyry system at Fortuna 3, an early sign of copper and gold in the area as a result of cooling magma that rose from deep in the earth millennia ago. These are quality signs that there may be minerals present. The immediate next steps are to advance exploration on the property and to continue to perform systematic sampling. Starting early in 2019, the company will take on aggressive grid-style sampling, plus regional prospecting on the full 40 km N-NE structure throughout Fortuna. Drilling could begin in 2019.

The Roadmap of Success In Ecuador: How SOLG Climbed 2000%

An example roadmap for success, that just came out of this same region, can be found in SolGold (SOLG.TO)(SOLG.TO). Solgold operates the Cascabel copper-gold porphyry project in Ecuador. Back in 2013, Solgold had found substantial evidence of mineralization, like Lucky, at their Cascabel property. Drilling got underway in September of 2013 and into 2014 they were reporting their findings.

From the beginning of 2013 through 2014, SOLG appreciated from $1.30 to as $14 as they received drilling validation. With further drilling and exploration over the ensuing few years, SOLG now has a market price of $37, a 24X price appreciation based on the Ecuadorian Cascabel project.

Majors Newcrest Mining Limited (ASX:NCM) and BHP Billiton Limited (NYSE:BHP) have both sunk their teeth in SOLG, taking equity positions for options on this promising property. SOLG continues to report quality mineral findings from drill holes across the region, and the company has made Ecuador their top priority.

Could Lucky Look Similar?

Lucky Minerals' Fortuna property isn't that different from Cascabel back then as the company works towards their first drilling projects next year. The signs are there so far, and Lucky could be on to something valuable if they can produce the right results. As with all juniors, these high-risk high-reward names can change in the course of weeks. Royal Nickel Corporation (RNX.TO) is one of the most recent movers on some explosive new gold findings. For LKY, drilling results could be the major confirming catalyst, so investors should be taking a look now before things heat up.

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