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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

Post by aberlangaon Jun 27, 2022 6:58pm
256 Views
Post# 34785995

News

NewsAfter 42 days of starting mining and milling operations in Tahuehueto are news, in the past 5 days process 195 tpd of ore and in 2 weeks more will conclude the crushing section and will be able to reach 500 tpd. Congratulations¡
It is understandable that at start-up stage the production is unstable, but the information should include key data such the quality of the ore, the metallurgical recoveries, the quality of the concentrates, are they as expected?
As indicated, the target in Q3 and Q4 is operate at 500 tpd, solve the problems with the equipment, complete the tailings storage facility and finish the construction of the plant to operate at 1000 tpd in Q1 2023.
Although too late and after a significant expense and loss of value, under this scenario ATLY becomes an attractive company to invest now.
 
 

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