BLAINE, Wash., Oct. 19, 2011 /PRNewswire/ -- Lucky Boy Silver Corp. (OTCBB: LUCB) is pleased to announce the Company's geologist, Hunsaker Inc., has completed the first phase of the geochemical sampling recommended in its Summary Report with Recommendations for the Silver Strike and Silver Summit Projects in Mineral and Esmeralda Counties, Nevada. The 170 scoop soil samples have been collected and submitted to ALS Minerals for analysis. The Report was developed from property and field review, historical data compilation, and property-wide geologic reconnaissance and contains recommendations for future activity on the property.
The mineralization on the Lucky Boy Silver Candelaria Project LAG claims is primarily silver mineralization with some gold; exposed at the surface and trending northeast across the northern edge of the claims. The mineralization is located in the same geologic zones which were mined by Nerco at their nearby Candelaria mine open pits, during the 1980's. Silver and gold values along the zone range as high 698 ppm silver (20.35 opt) with gold up to 2.08 ppm (0.06 opt). The Company geologist identified quite a long zone (over 6,500 feet) with good assay values.
The LAG claims are located in the Walker Lane Mineral Belt in Western Nevada. The Walker Lane 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.
The Company has also received approval to have its shares transferred electronically through Depository Trust Corporation and wishes to acknowledge and extend our gratitude to Portage Equity Market Advisors for their advisory service in the preparation with the filing of our successful DTC eligibility application.
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.