LUCA's Successful Metallurgical Test Work @ Campo Morado Yesterday, the junior producer LUCA Mining Corp. (Ticker LUCA.v or LUCMF for US investors) unveiled its latest triumph at its operating Campo Morado polymetallic base metal mine.
Here’s some background on LUCA and what the news means for its path to creating value.
The first thing to note about LUCA is it is actively in production and is expected to produce 60,000-70,000 oz of gold equivalent in 2024 between its Campo Morado and Tahuehueto mines. LUCA's potential production target for 2025 is 100,000 oz of gold equivalent.
Looking at the company's latest news, metallurgical test work on the copper-lead separation process at Campo Morado has yielded promising results.
ALS-Kamloops primarily conducted the test work, alongside Luca's onsite lab. Presently, the operation yields two concentrates: zinc and a bulk concentrate comprising copper, lead, gold, and silver.
The outcomes of the metallurgical testing validate the Company's aim to progress towards producing three distinct, more valuable concentrates: copper (with precious metals), zinc, and lead.
Overall, the successful implementation of the copper-lead separation process marks a significant milestone in LUCA's quest for operational excellence and value creation.
LUCA also announced that, in tandem with industry experts and internal stakeholders, it formally started the Campo Morado Improvement Project (CMIP), aimed at optimizing operations and maximizing value.
The program strives to integrate improvements across various facets such as mine planning, ore blending, and metallurgy.
Leveraging external expertise and innovative approaches, the project has facilitated enhanced recoveries and concentrate grades, with notable advancements observed in copper recovery, which surged from less than 48% to over 70% by year-end, marking a substantial 69% increase during Q4 2023.
Additionally, ongoing equipment upgrades for the past six months underscore LUCA's commitment to continuous improvement and operational excellence.
LUCA Mining Corp. remains committed to its core values of responsibility, sustainability, and excellence. Through innovation, collaboration, and unwavering dedication, LUCA continues to make strides in the mining landscape.
Full news: 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.