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Luca Mining Corp. (LUCMF) is a Canadian mining company with two 100%-owned producing mines in Mexico. The company recently completed successful metallurgical test work on the copper-lead separation process at Campo Morado. At Tahuehueto Gold Mine, Luca is close to completing the construction of a new mill with a capacity of 1,000 tpd, aiming to increase production to +800 tpd. The company is focused on ramping up both mines to their full potential, boosting cash flow, and expanding resources through exploration activities. Luca Mining emphasizes responsible and sustainable mining practices, ensuring transparency, accountability, and adherence to environmental and social standards.Luca Mining Corp. (TSXV: LUCA) (OTCQX: LUCMF) has announced the discovery of high-grade gold zones with significant mining widths at its Tahuehueto Gold Mine in Durango, Mexico. This update follows a review by the British Columbia Securities Commission. The discovery was made through mining activities and channel sampling at Underground Level 23 of the mine, revealing mineralization in breccia ore shoots up to 20 meters wide. Assays show a range of grades, with maximum gold content at 65.04 g/t. The mine development at Level 23 has been ongoing since early 2022 and includes access development, dewatering, and initial stope mining. The mineralization features both gold-silver and base metal sulphide breccias. Further exploration is planned to evaluate the extension of these zones. Luca Mining operates two mines in Mexico and expects positive cash flows by 2024.
Luca Mining has discovered new high-grade gold zones at the Tahuehueto Gold Mine in Durango, Mexico. These zones consist of breccia ore shoots up to 20 meters wide, with some assays showing more than 20 g/t gold. This discovery was made at Underground Level 23, where two mineralized splays intersect the Creston vein. The company aims to ramp up production to 1,000 tons per day (tpd) in the coming months. The block model from a pre-feasibility study shows the presence of significant mineralized widths, and recent drilling confirms this. The exploration area remains open at depth and along strike, offering further potential. Luca Mining operates two mines in Mexico and aims to generate positive cash flow in 2024.
Luca Mining Corp. reports successful metallurgical test work on copper-lead separation process at Campo Morado, aiming to produce three high-value concentrates: copper, zinc, and lead. The results show improved grades of gold and silver in the copper concentrate, with potential for increased recovery rates. The Company is on track to deliver results in the second half of 2024, following positive test outcomes.
Luca Mining Corp. reports strong Q4 2023 and annual financial results, with total production of 11,808 ounces of gold equivalent in Q4, significant contributions from Campo Morado and Tahuehueto, improved grades and recoveries, decreased costs, and positive outlook for 2024. Full-year 2023 production reached 55,719 ounces of gold equivalent, favorable operational metrics, and optimistic growth prospects for the company.
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