Lucky Boy Silver Initiates Field Review on Its Candelaria Property
BLAINE, Wash., Jan. 12, 2012 /PRNewswire/ — Lucky Boy Silver Corp. (LUCB -OTCBB) is pleased to announce the Company’s geologist, Hunsaker Inc., has completed the first phase of the geochemical sampling on the Company’s LAG Claims ( L for Lucky Boy / AG for Silver). The LAG claims are located in the Walker Lane Mineral Belt in western Nevada and is a major northwest-southeast-trending zone which displays right lateral fault movement that ranges from 30 to 40 miles in its central portion, and hosts a variety of precious metal and base metal mineral deposits (as well as geothermal activity) along its length.
Numerous samples have been collected returning values greater than 3 oz. silver/ton (opt) with a high value of 20.35 opt silver. The highest gold in rocks returned is 2.08 ppm (0.061 opt Au). 170 scoop-soil samples were collected across a zone approximately 7,000 feet long and 1,500 feet wide. This sampling returned three prominent anomalous silver zones within a very large envelope of detectable silver. The largest zone is over 3,000 feet long and had a high value of 9.4 ppm Ag. Two strong gold zones correlated with the silver; these soil values enveloped the very high-grade silver and anomalous gold in rock chips as well.
The Company intends to continue the evaluation of the silver zone on the LAG claims. This work will include 1:2,400 scale outcrop mapping and additional prospect rock sampling ?and to identify drill targets and drill, if results warrant.
Lucky Boy Silver Corp. Shareholders, investors and interested parties are encouraged to visit our website at www.LuckyBoySilver.com.
Contact: Kenneth B Liebscher – CEO / Lucky Boy Silver Corp.
“Safe Harbor” Statement:
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Notice Regarding Forward Looking Statements -This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company’s filings (10K, 10Q’s, S-1 and others) with the Securities and Exchange Commission.
SOURCE Lucky Boy Silver Corp.