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Luca Mining Corp V.LUCA

Alternate Symbol(s):  LUCMF

Luca Mining Corp. is a diversified Canadian mining company with two 100%-owned producing mines in Mexico. It produces gold, silver, zinc, copper and lead from these mines that each have considerable development and resource upside. Its operations include Tahuehueto and Campo Morado. Tahuehueto project is in the northwest portion of the state of Durango, about 250 kilometers (km) northwest of Durango, the state capital, and 160 km northeast of the city of Culiacan, Sinaloa. The project is located about 25 km north of the Topia polymetallic-silver mine, 40 km northwest of the La Cienega gold, silver, base metal mine, 85 km southwest of the Guanacevi silver district, 280 km southeast of the Palmarejo silver and gold mine, and 150 km northwest of the San Dimas mining district, notable for the Tayoltita silver and gold mine. Campo Morado is a polymetallic underground operation located in the state of Guerrero, Mexico. It produces copper-zinc-lead concentrates with precious metals credits.


TSXV:LUCA - Post by User

Comment by aberlangaon May 16, 2022 8:33pm
120 Views
Post# 34687885

RE:RE:RE:RE:NR !!!!!! excellent news!!!!!!!!!!

RE:RE:RE:RE:NR !!!!!! excellent news!!!!!!!!!! Excellent news the start of operations in Tahuehueto, a video would be great. Let's wait for the report of the first month of operation at 500 tpd and the prompt installation and operation of the second mill, which is already on site and which will raise the operation to the design capacity of 1000 tpd. The production and delivery of concentrates to Trafigura will reduce pressure on the debt, which could easily be restructured, as Trafigura could secure in return the purchase of Tahuehueto's clean concentrates for several years. I think it may be a good strategy to start soon a drilling campaign of about 5000 meters in Tahuehueto, since it is possible to drill from underground, and with this minimum investment double the current ore resources and show the enormous potential of this mine. The good results of the two operations and exploration, would move the ATLY value to the levels where it should be and then, look for financing in the market for incorporate in Campo Morado the process for recover the thousands of gold ounces that is currently stored on tailings and mine and process the rich ore bodies of Reforma and El Rey. Trying to buy a decent volume of ATLY shares at less than 0.30 is an illusion, it will be necessary to aim higher, and believe me it will be worth it. Regarding the Accendo investors position, do not see a potential problem.

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