Previewing his upcoming Natural Resources Investment Symposium, Rick Rule recently interviewed Ramon Perez, CEO of LUCA Mining (LUCA.v LUCMF), a junior mining company providing significant leverage to a range of precious metals in producing gold, silver, copper, zinc and lead from two separate mines:
https://www.youtube.com/watch?v=flKE6oATVes Campo Morado
Focused on exploration at the Campo Morado Polymetallic Deposit, LUCA is targeting improved capabilities and increased payables.
Having made a range of improvements during its first phase of development, including increased copper and zinc recoveries alongside precious metals production, LUCA's next phase of development is focused on improving the capabilities of the concentrates and separating the copper and lead concentrates.
Having recently acquired old geophysics data, LUCA has a vast amount of drilling data and geochemical samples to explore and interpret to discover more ore bodies.
Tahuehueto
With ~7M tons of reserves grading 5g/t AuEq, LUCA's Tahuehueto Project is in the pre-production stage ahead of ramping up to full commercial production.
Significantly, Tahuehueto's 2022 pre-feasibility study estimated an after-tax net present value (NPV) of $161M at a $1,600 gold price.
As the project has since been de-risked with a year and a half of pre-production during construction, LUCA is on track to achieve 1000tpd in the near term.
Further, significant exploration potential remains at the project given the latest discovery of a wide breccia with over 20 meters in width and high-grade gold. With all capital expenditure behind LUCA, the upcoming exploration program targeted in 2H 2024 will target more of these structures.
With production guidance of 60,000-70,000 AuEq ounces for the full year, LUCA is on track for a busy year and could see a significant rerating opportunity.
More here:
https://www.reddit.com/r/Canadapennystocks/comments/1dj3ab0/luca_mining_corp_lucav_sets_ambitious_targets_for/ Posted on Behalf of Luca Mining Corp.