LUCA.v: A Gold, Silver & Copper Producer Profile LUCA Mining Corp. (Ticker LUCA.v or LUCMF for US investors) specializes in mining ventures within Mexico, strategically operating two cash flow generating projects. These projects are meticulously de-risked, with evident expansion avenues and resource development strategies.
Projects in Focus
Tahuehueto Gold Operation: LUCA's Tahuehueto gold venture is presently undergoing a ramp-up phase, aiming to achieve a Level of Mine (LOM) production ranging between 40,000 to 45,000 gold equivalent ounces annually.
Campo Morado Copper-Zinc Operation: Positioned for substantial growth, LUCA's Campo Morado operation is anticipated to contribute between 40,000 to 50,000 AuEq ounces annually by 2025.
Production Outlook
LUCA projects a production range of 60,000-70,000 oz of AuEq in 2024 from both its mining endeavors. Looking ahead, LUCA's combined output target for 2025 stands at an impressive 100,000 oz of AuEq.
Metallurgical Advancements at Campo Morado
In a recent development, LUCA disclosed promising results from metallurgical test work concerning the copper-lead separation process at Campo Morado.
Test Validation: LUCA has received confirmation regarding the viability of producing three distinct concentrates (copper with precious metals, zinc, and lead), which hold superior value compared to its current outputs.
Process Refinement: Through meticulous ALS test work, LUCA has identified a feasible pathway for implementing a copper-lead separation process. Notably, this can be achieved by re-configuring existing plant equipment at the Campo Morado site.
Performance Highlights: Initial results from open circuit bulk rougher testing showcased encouraging copper recovery rates ranging between 80 and 93%. Additionally, there's optimism about achieving higher copper grades, potentially reaching up to 28%.
Exploration and Development
The conducted separation process yielded positive outcomes, revealing improved grades of gold and silver in the copper concentrate. This success instigated plans for further development, including a revamped flowsheet and an optimization program for reagents.
Campo Morado Improvement Project (CMIP)
LUCA's ongoing Campo Morado Improvement Project (CMIP) has been pivotal in enhancing recoveries and concentrate grades. Notably, copper recovery rates surged from less than 48% to over 70% by Q4 2023, showcasing the company's commitment to operational excellence.
More here: https://www.newswire.ca/news-releases/luca-reports-successful-metallurgical-test-work-for-new-copper-concentrate-at-campo-morado-865602325.html
Posted on behalf of LUCA Mining Corp.