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Bullboard - Stock Discussion Forum 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... see more

TSXV:LUCA - Post Discussion

Luca Mining Corp > LUCA: Drilling, Ramp-Up & New Production at Two 100% Mines
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Post by 1StockInformer on Oct 31, 2024 7:20pm

LUCA: Drilling, Ramp-Up & New Production at Two 100% Mines

Luca Mining Corp. (Ticker: LUCA.v or LUCMF for US investors) has launched a major 5,000-meter expansion drilling campaign at its Tahuehueto gold-silver mine in Durango, Mexico—the first major exploration push here in over a decade. 

As a result they have expectations that with minimal exploration they will be able to significantly increase the resource estimate. 

Simultaneously, With gold prices at all time highs,  Luca is also ramping up production 60% at their Campo Morado Mine and commencing commercial production at Tahuehueto.

They are projecting ~70K Oz AuEq of production for 2024 and over 100K in 2025.

r/Wallstreetbetsnew - Positioned for major growth with resource expansion drilling, mine ramp up, and new production coming online at TWO 100% owned mined in production = Luca Mining (LUCA.v LUCMF)

Simultaneous Production and Expansion

  • Tahuehueto Mine: Currently commissioning its mill with the goal of reaching commercial production by year-end, focusing on gold, silver, and copper output.

  • Campo Morado Mine: Located in Guerrero, this site is boosting production of copper-zinc-lead concentrates and benefiting from optimization improvements that enhance recoveries, grades, and cash flow.

Expansion Drill Program at Tahuehueto

Backed by new financing, Luca’s 5,000-meter drill program at Tahuehueto aims to expand resources across the mine’s extensive 11 km epithermal vein system, covering both infill and stepout zones. Key elements include:

  • Extending the known resources along primary veins

  • Exploring mineralization that remains open along strike and at depth

Luca’s ongoing resource expansion and production ramp-up are well timed with macro gold prices and are all strategically coinciding in Q4 and should reflect significant value creation from their $116M mcap in the short term. 

More: https://lucamining.com/press-release/?qmodStoryID=8651577782385332

Posted on behalf of Luca Mining Corp.

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