With gold prices smashing through record highs this month, mid-tier gold producer Luca Mining Corp. (Ticker: LUCA.v or LUCMF for US investors) has launched a 5,000-meter exploration drilling campaign at its Tahuehueto gold-silver mine in Durango, Mexico, marking the first significant drilling effort there in over a decade.

Overview of Luca Mining’s Operations

Luca Mining operates two 100%-owned mines within Mexico’s prolific Sierra Madre mineral belt: the Tahuehueto and Campo Morado mines. Campo Morado, situated in Guerrero, produces copper-zinc-lead concentrates with precious metals credits.

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Campo Morado Optimization and Tahuehueto Nearing Commercial Production

An ongoing optimization program at Campo Morado has already improved recoveries, grades, and cash flow.

Meanwhile, Tahuehueto, Luca’s newest underground mine, is currently commissioning its mill and aims to achieve commercial production by year-end, contributing to Luca’s diverse production profile, which includes gold, silver, copper, zinc, and lead.

Exploration Details and Objectives

The ongoing exploration program at Tahuehueto, backed by recent financing, is part of Luca’s broader strategy to unlock value at Tahuehueto and maintain consistent news flow for investors through 2024.

The drill program aims to expand resources within the property’s extensive epithermal vein system, which covers over 11 km of prospective vein structures. Planned to be completed within the next four to six months, the campaign will focus on 26 underground drill holes targeting both infill and stepout zones.

Resource Expansion Potential

The newly initiated drill campaign builds on recently developed underground areas, with a strategy to extend the known resource along the primary veins. The mineralization at Tahuehueto remains open along strike and at depth, and Luca aims to better define the vertical and lateral extents of mineralization.

More: https://lucamining.com/press-release/?qmodStoryID=8651577782385332

Posted on behalf of Luca Mining Corp.