This Unknown Gold Stock Might Be The Next Big Ecuadorian Discovery. Should You Be Long?

• Lightning strikes in the markets can come in the form of a partnership or investment from larger established companies. We've seen this recently in the marijuana sector as blue chips get involved with emerging companes.

• It's also a top way to find validation for mining companies. Ecuador is a hotbed of investment activity right now, and a few small juniors have found big validation from majors in the region. SOLG (LSE:SOLG) has climbed 1000% as they've gone from early exploratory results to investments from top mining companies.

• Lucky Minerals (LKY) is turning up quality findings from their property in Ecuador, and as they report more findings in 2019 it could quickly become a top unpartnered asset.

NEW YORK, NY / ACCESSWIRE / December 12, 2018 / Validation is a major component of finding top investments, and it often comes in the form of partnerships with established companies.

In 2018, cannabis companies found their champions in the form of blue chip consumer brands. Cronos Group (CRON) just received a profound investment from big tobacco in Altria Group, Inc. (MO), and earlier in the year Constellation Brands invested $4 billion in Canopy Growth (WEED.TO).

In the mining sector, investors are always looking for partnerships between major mining companies and junior explorers. When it happens, lightning strikes. Right now, investment dollars from the big players is pouring into Ecuador, offering some potential validation of the region AND many of the junior explorers alike. Newcrest Mining Limited (NCM) and BHP Billiton Limited (BHP) have both made substantial investments in the smaller SolGold (SOLG) for access to the Cascabel property in Ecuador, a copper/gold project. The $30 billion Anglo American (AAL) entered a joint venture agreement with Luminex Resources (LR.V) for three copper and gold concessions in the area.

Lightning is striking across Ecuador as juniors partner with diviserfied majors on new copper and gold projects. Lucky Minerals (LKY) could be on majors' radars as well, as this small company is in the midst of extensive minerological work in southern Ecuador and has found some good signs of quality mineralization. In fact, their property is just kilometers away from Fruta Del Norte, one of the biggest gold finds in Ecuador of the last decade, that sold for $1.4 billion a decade ago. As exploration details emerge next year, LKY investors are looking for a lightning strike of their own.

Lucky's Ecuadorian Fortuna Property Is Delivering Early Hints Of Mineralization

Lucky Minerals acquired the Ecuadorian Fortuna property only one year ago and have since been in a flurry of exploration efforts. Fortuna is located about 40km from Fruta Del Norte in southern Ecuador. The region has seen an explosion in copper and gold mining projects over the last few years as the government has reduced the barriers to entry for foreign investors and mining companies. For instance, Fruta Del Norte has just gone through $400 million of financing to fund a huge mining expansion there.

In October, Lucky reported their first sampling outcomes at Fortuna, and it appears that they may be looking at a similar "halo" footprint as other world-class porphyry systems. Surface prospecting defined a mineralized porphyry system that displays an ovoid shape being 1.2 km long, with an estimated width of 800 metres.

Fortuna 3, where this first sampling took place, is one of 12 contiguous concessions at the Fortuna property, where considerable potential exists for finding meaningful porphyry and epithermal copper/gold mineralization. Preliminary assessment of over 150 samples from the area identified two porphyry systems with an extensive potassic signature.

There's promising evidence that this could be a quality find, and Lucky will now commence more detailed airborne geophysics and preparation for a more aggressive grid-style sampling program along the two porphyry systems. Prospecting will get underway on the additional 40 km major regional NNE structure observed on the property, and this could be followed by exploratory drilling as soon as mid-2019.

For comparison, SolGold (SOLG) shares have climbed from GBP3.50 to GBP37.00 in the five years since their Ecuadorian Cascabel project started getting attention and they continued exploration and then drilling. It all started with surface geological work. With names like BHP, AAL and NMC all getting in early, this entire country could be one of the hottest regions of the next decade for new mining, in-part because exploration was stymied for most of the last two decades. LKY could be a strong contender for pursuit by a major partner with the right mineral results, and the coming year should be an interesting one for this junior.

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