LUCA.v quickly recovered from yesterday’s dip and up 8% on above avg volume, demonstrating strong support in mid .50s and ready to move higher as more news from production ramp up and ongoing exploration is expected.

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With a focus on the exploration, development, and production of precious and base metals, 

Luca Mining Corp. (TSXV: LUCA; OTCQX: LUCMF) is working to optimize its two producing and fully-owned mines in Mexico: Campo Morado and Tahuehueto,

This year, Luca Mining aims to produce approximately 70,000 ounces of gold equivalent (Au Eq), with plans to increase to 100,000 ounces in 2025. 

This growth strategy is supported by existing infrastructure valued at over $500 million, eliminating the need for significant new capital expenditures.

Located in Guerrero State, LUCA's flagship Campo Morado is a volcanogenic massive sulfide (VMS) underground mine. The company has implemented optimization measures to improve recovery rates, targeting a production range of 43,000 to 50,000 ounces Au Eq for 2024.

Overall, Campo Morado has measured and indicated resources totaling 16.6 million tonnes, containing approximately 1.2 billion pounds of zinc, 200 million pounds of copper, 62 million ounces of silver, and 700,000 ounces of gold.

LUCA's Tahuehueto epithermal gold-silver project in Durang is expected to reach commercial production by the fourth quarter of 2024, contributing an estimated 17,000 to 20,000 ounces Au Eq.

This project adds 3.6 million tonnes of measured and indicated resources, with average grades of 2.55 grams per tonne (g/t) gold and 50.06 g/t silver.

Along with its production ramp up, LUCA is also actively exploring its projects with the aim of increasing their resource estimates and lifetime production. 

LUCA is conducting its first significant exploration program at Campo Morado in over a decade, utilizing extensive historical data, including more than 580,000 meters of drilling, to identify new mineralization zones.

At Tahuehueto, ongoing step-out drilling and evaluation of known mineralized structures are underway, with the project exhibiting characteristics similar to the San Dimas mining district, indicating potential for substantial discoveries.

Overall, LUCA's strategic focus on optimizing existing operations and exploring under-explored areas positions the company for growth toward mid-tier producer status. 

With a goal of achieving an annual production rate of 200,000 ounces Au Eq through organic expansion and potential mergers and acquisitions, Luca Mining offers a compelling investment opportunity in the mining sector.

Deck: https://lucamining.com/presentation/

Posted on behalf of Luca Mining Corp.