TODAY: LUCA.v Confirms New High-Grade Gold Zones LUCA Mining Corp. (Ticker LUCA.v or LUCMF for US investors) continues to make significant strides with its Campo Morado and Tahuehueto mine in Mexico which collectively produce a variety of minerals, including gold, copper, zinc, silver, and lead.
The Campo Morado mine, an underground operation in Guerrero State, is situated in a prolific mining area. It primarily produces copper-zinc-lead concentrates with precious metals credits. Recently, the mine has been undergoing an optimization program, which has already resulted in substantial improvements in recoveries, grades, efficiencies, and cash flows.
In Durango State, LUCA's Tahuehueto gold and silver mine, located within the Sierra Madre Mineral Belt, is still under development. This region is known for its numerous producing and historic mines. The company anticipates that its operations will begin generating positive cash flows this year, aligning with its growth strategy aimed at maximizing shareholder returns.
Today, Luca Mining announced a significant milestone at the Tahuehueto Gold Mine, with new high-grade gold mineralization over considerable widths confirmed. This mineralization occurs in shoots branching off the main Creston vein at Underground Level 23, one of the two main structures currently being mined.
Geological mapping and channel sampling at this level have revealed breccia ore shoots up to 20 meters wide, with some channel samples showing gold concentrations greater than 20 grams per tonne (g/t Au).
These wide, high-grade zones were identified in earlier drilling and are part of the company's plan to ramp up production to 1,000 tonnes per day (tpd), a milestone expected to be achieved in the coming months.
The underground development at Tahuehueto has progressed steadily since early 2022, with recent efforts focusing on developing access, dewatering, and mining the first stopes of Level 23.
The pre-feasibility study for Tahuehueto identified maximum vein widths of 8.4 meters in the hanging wall and 6.5 meters in the footwall vein splays on Level 23. Actual vein widths are comparable, with 4.9 meters in the footwall and 9.5 meters in the hanging wall, although detailed vein geometries vary.
The footwall splay has been exposed along a 160-meter strike and shows excellent continuity.
Channel sampling of the southwestern extent of the vein-breccia zone, about half of the fully exposed footwall splay, indicates an area extending 200 meters laterally by 230 vertical meters based on diamond drilling. This area remains open at depth and to the northeast and southwest, and these targets are included in the ongoing exploration program.
LUCA's latest discoveries at Tahuehueto underline the potential of the mine and the company's commitment to growth and shareholder value. As development continues, Luca Mining remains focused on unlocking the full potential of its assets and delivering significant returns to its shareholders.
Full news here:
https://lucamining.com/press-release/?qmodStoryID=6953874401172091
Posted on behalf of LUCA Mining Corp.