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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 1StockInformeron Oct 16, 2024 7:13pm
80 Views
Post# 36269126

LUCA Launches Stage 3 of Upgrades at Campo Morado Mine

LUCA Launches Stage 3 of Upgrades at Campo Morado Mine

Luca Mining Corp. (LUCA.v, LUCMF for US investors) recently announced the successful completion of the first two stages of its Campo Morado Improvement Project (CMIP) and the launch of Stage 3. This phase will focus on refining metallurgical processes and improving operational efficiency at the company's Campo Morado mine in Guerrero State, Mexico.

Background of the Improvement Project

The CMIP, initiated in Q4 2023, follows a phased approach to enhance the mine’s overall performance.

  •  Stage 1: primarily concentrated on conducting a geometallurgical study and optimizing process controls

  • Stage 2: aimed at improving plant reliability and ensuring sustainable operations.

  • Stage 3: seeks to further improve the plant’s processing capabilities, aiming to produce three saleable concentrates—copper, lead, and zinc.

Significant Copper Recovery Gains

The CMIP has already led to substantial improvements in copper recovery:

  • Copper recovery in bulk concentrate increased to 68.5%, up from 44.7% during the same period in 2023.

  • This 53% improvement has resulted in an estimated 10% increase in revenue per milled tonne, assuming stable metal prices.

r/Wallstreetbetsnew - Mid-Tier Producer Luca Mining (LUCA.v LUCMF) Launches Stage 3 of Upgrades at Campo Morado Mine Upgrade, Copper Recovery Already Boosted by 53% in Stages 1 & 2

Planned Modifications Under Stage 3

In Stage 3, Luca Mining plans a series of modifications aimed at further improving mineral liberation and concentrate collection. These modifications include:

  • upgrading metallurgical sampling systems

  • modernizing reagent dosing

  • enhancing air flow monitoring for flotation cells

  • introducing a new bulk rougher concentrate surge tank

  • and more.

These upgrades are designed to enhance the separation of copper and lead minerals, facilitating more efficient concentrate recovery through sequential flotation. The company expects to test the new copper-lead separation process by the end of the year, with full implementation of the project targeted for completion by Q2 2025.

Full news here: https://lucamining.com/press-release/?qmodStoryID=6639096705901100

Posted on behalf of Luca Mining Corp.

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