Today, mid-tier producer LUCA Mining (LUCA.v LUCMF) engaged a mining contractor, Cominvi, to carry out core mining operations at the company's 100% owned Campo Morado copper-zinc-gold mine in Mexico.
Cominvi is one of the largest and most respected mining contractors in Latin America, known for its expertise in underground mining with a well-earned reputation for delivering excellent results.
This collaboration will allow LUCA to quickly increase production and access newer mining equipment cost-effectively and aims to boost Campo Morado's daily production targets, to increase mill throughput from 1,400-1,600 tonnes per day (tpd) to 2,000 tpd by year-end and further to 2,400 tpd in 2025.
LUCA CEO Dan Barnholden highlighted Cominvi's expertise and the positive impact on production, costs, and cash flow, stating:
"I am very pleased to have Cominvi join our team at Campo Morado. They bring incredible expertise and experience and will greatly enhance our operational flexibility. The timing of this decision is fortuitous as Cominvi has just completed a major mining project nearby and therefore, mobilization will occur very quick.
Aligning with Luca's improvement projects to enhance metallurgical recoveries and produce higher value concentrates, these achievements will have a material positive impact on the LUCA's production, costs and cash flow.
10,000m Drilling Program Plans
This news comes on the heels of LUCA's recently announced major exploration program, with plans for an drilling campaign at both Campo Morado and Tahuehueto.
A total of 10,000 meters will be drilled across both projects during Q3 and Q4 of 2024 with ~5,000m drilled at each project.
Notably, the exploration potential at Campo Morado and Tahuehueto is game changing as both projects already have demonstrated strong cash flow potential and exploration success.
Intending to grow the company and targeting no less than 200,000 oz Au Eq production, LUCA's development, exploration and expansion plans have the potential to get them there.
Full News Release: https://lucamining.com/press-release/?qmodStoryID=4579509354745924
Posted on Behalf of Luca Mining Corp.