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lucky strike resources ltd (LKY) Snapshot

Open
C$0.04
Previous Close
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52 Week High
08/28/13 - C$0.18
52 Week Low
07/3/14 - C$0.03
Market Cap
1.6M
Average Volume 10 Days
8.4K
EPS TTM
C$-0.04
Shares Outstanding
55.0M
EX-Date
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Current Stock Chart for LUCKY STRIKE RESOURCES LTD (LKY)

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lucky strike resources ltd (LKY) Details

Lucky Strike Resources Ltd., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada, the United States, and Mongolia. It holds an option to acquire a 50% interest in the Jewelry Box property covering an area of approximately 8,668 hectares located to the south of the town of Smithers, British Columbia. The company is headquartered in Vancouver, Canada.

lucky strike resources ltd (LKY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$5.0K
Chief Financial Officer, Treasurer, Corporate...
Total Annual Compensation: C$24.0K
Compensation as of Fiscal Year 2013.

lucky strike resources ltd (LKY) Key Developments

Lucky Strike Resources Ltd. Provides Update on its Inaugural Diamond Drilling Program on its Preston Uranium Property in the Southwest Thabasca Basin

Lucky Strike Resources Ltd. provided an update on its inaugural diamond drilling program on its Preston Uranium Property in the southwest thabasca Basin. The Western thabasca Syndicate has drilled seven holes thus far for a total of 1,571 meters with two to four additional holes planned in May. The most recently completed hole, PN14007, intersected twelve zones of radioactivity, including the high levels recorded to date at the Preston Property as defined by a downhole gamma probe including a 0.75 meter zone measuring 1,432 counts per second (cps) in a background of 80 to 100 cps. The initial seven drill holes tested the Swoosh target, a six-kilometre long corridor consisting of geophysically anomalous areas as defined by gravity, magnetic and EM surveys, coincident with surficial geochemical anomalies. Six holes were completed to depths of between 200 and 360 meters downhole, while one hole was abandoned due to poor drilling conditions. Overburden depth varies from 4 to 38 meters and immediately overlies basement rock. All seven of the holes intersected a broad, hydrothermally altered and reactivated, structural zone. Five of the holes returned elevated radioactivity and intersected multiple graphitic units within sheared and altered basement lithologies. The alteration commonly consists of pervasive chlorite, hematite and clay development; features which are common to uranium mineralization in the Athabasca Basin. Drilling is planned to recommence in early to mid-May after breakup to test the CHA and Fin targets. A review of final assays and geochemistry will be carried out upon receipt of results expected in early-June. All holes were angled holes, drilled at -45 to -50 degrees. They were radiometrically surveyed using a RS- 230 gamma-ray spectrometer, and a Mount Sopris 2PGA-1000 downhole natural gamma probe. Natural gamma radiation in drill core was measured in counts per second (cps). All intersections are downhole and core interval measurements and true thicknesses are yet to be determined. The Syndicate's Technical Team considers these findings in the early stages of the first drill program to be a significant breakthrough towards locating shallow uranium mineralization, and decided to expand the initial drill plan at the Swoosh target as a result. Additional field work and drilling is being planned at the Swoosh target for later in the year. The three initial target areas, out of a growing target base currently standing at fifteen, were selected by the Syndicate's Technical Committee for drilling based on encouraging fieldwork results and coincident anomalies from ground gravity, airborne and ground EM and magnetic (graphitic conductors and structures), radon, soil, biogeochem, lake sediment, prospecting and geological mapping surveys. This drill campaign represents the first modern-day drill exploration program on the Preston Uranium Property with follow up programs planned for later this year given the encouraging results to date.

Lucky Strike Resources Ltd. Provides an Update at First-Phase Diamond Drill Program on its Preston Uranium Property in the Southwest Athabasca Basin

Lucky Strike Resources Ltd. provided an update at its ongoing first-phase diamond drill program on its Preston Uranium Property in the southwest Athabasca Basin. The Western Athabasca Syndicate has drilled five holes thus far for a total of 986 metres with three to four additional holes planned. All five of the holes intersected a broad, hydrothermally altered and reactivated, structural zone. Three holes returned elevated radioactivity. As a result of these highly encouraging early findings, the Syndicate has decided to increase the budget and expand the testing of the Swoosh target. The additional drilling on this target will continue until late April. Drilling is planned to recommence in early to mid-May after breakup to test the CHA and Fin targets. The initial five drill holes tested the Swoosh target, a six-kilometre long corridor consisting of geophysically anomalous areas as defined by gravity, magnetic and EM surveys, coincident with surficial geochemical anomalies. Four holes were completed down to depths of between 200 and 275 metres while the fifth hole was abandoned due to poor drilling conditions. Overburden depth varies from 4 to 38 metres and immediately overlies basement rock. Preston Property - Swoosh Target Map: Three of the holes at Swoosh intersected zones of elevated radioactivity as defined by a downhole gamma probe with the best results to date occurring in hole PN14003 which contained several radioactive intervals; the most notable being 802 counts per second (cps) over 1.95 metres from 186.68 to 188.63 metres downhole in a background of 80 to 100 cps. The initial three holes also intersected multiple graphitic units within sheared and altered basement lithologies. The alteration commonly consists of pervasive chlorite, hematite and clay development; features which are associated with uranium mineralization in the Athabasca Basin. A review of final assays and geochemistry will be carried out upon receipt of results expected in May.

Lucky Strike Resources Ltd. Commences Diamond Drilling Program on its Preston Uranium Property in the Southwest Athabasca Basin

Lucky Strike Resources Ltd. announced that the Western Athabasca Syndicate has commenced its inaugural diamond drilling program on its Preston Uranium Property in the southwest Athabasca Basin. Three initial target areas, out of a growing target base currently standing at fifteen, were selected by the Syndicate's Technical Committee for immediate drilling based on encouraging fieldwork results and coincident anomalies from ground gravity, airborne and ground EM and magnetics, radon, soil, biogeochem, lake sediment, and geological mapping surveys. This drill campaign represents the first modern-day drill exploration program on the Preston Uranium Property. Approximately 2,000 metres of drilling by way of 10 to 15 holes with depths of 100 to 250 metres is expected to be completed at the Swoosh, CHA and Fin South areas during the current campaign. Based on regional data compilation, depth to the top of the target zone is expected to be relatively shallow, ranging from 25 metres to 75 metres across the three initial target areas. The majority of the work in this drill campaign will be focused on the Swoosh target where five separate drill pads will test a combination of EM conductors, complex structures, gravity lows, anomalous geochemistry and elevated radon values. This target is a high-priority area given the coincident geological, magnetic, EM, gravity and radon anomalies that are evidence of strong fluid interaction and potential uranium mineralization as seen at other recent discoveries in the region.

 

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