Luca Mining Corp V.LUCA

Alternate Symbol(s): LUCMF

Metals & Mining Industrial Metals & Minerals

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.

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Luca Mining Corp > New Press Release - Luca Mining Announces Major Exploration Program

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Comment by GoldfingerU3O8on Jul 31, 2024 11:17am

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Post# 36156256

RE:RE:New Press Release - Luca Mining Announces Major Exploration Program

In their investors presentation they state in slide 3:
2.7 mm oz Au Eq resources with upside.

As I understand it, this would be sufficient for 27 years if they produce 100 K AU Eq per year.
Therefore I think the goal is to find higher grades. Just an example:
Imagine, they are right now having a Gold Eq grade of 5 g per ounze. Imagine if they are finding something with 7.5 g Gold Eq per ounze. Their revenue would dramatically increase (while cost would nearly stay the same) and the profit would rise even higher

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