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Luca Mining and EnviroGold Global Announce MOU to Reprocess Historical Tailings at Campo Morado Mine
Luca Mining and EnviroGold Global Announce MOU to Reprocess Historical Tailings at Campo Morado M...
About this update from Luca Mining Corp
[{"type":"text","content":"\n \n \n \n Luca Mining and EnviroGold Global Announce MOU to Reprocess Historical Tailings at Campo Morado Mine\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 29, 2023\n \n \n /CNW/ - Luca Mining Corp. (\"\n \n Luca\n \n \" (TSXV: LUCA) (OTCQX: LUCMF) (FSE: Z68) and EnviroGold Global Limited (CSE: NVRO) (OTCQB: ESGLF) (FSE: YGK) (\"EnviroGold Global\"), a clean technology company accelerating the world's transition to a circular-resource economy, are pleased to announce the signing of a Memorandum of Understanding (\" MOU\"), dated\n \n 1st August 2023\n \n , to process the tailings at Luca's 100% owned Campo Morado Mine in Guerrero State,\n \n Mexico\n \n (the \"Project\").\n \n \n \n \n \n \n \n \n \n The scope of the initial project is to evaluate the reprocessing of the historical\n \n Campo Morado\n \n (\"Campo\") tailings that are currently being stored in Campo's original tailings storage facility. These tailings contain approximately 3,290,622 tonnes @ 1.32% Zn, 0.3%Cu, 0.49%Pb, 1.57g/t Au, and 94 g/t Ag (based onLuca's internal company estimate from historical production records).\n \n \n EnviroGold and Luca will work together to develop a definitive processing agreement that will provide a stage-gated approach to the development of the Project. The Project will follow the standard approach with EnviroGold working with Luca to complete a preliminary economic assessment (\"PEA\").\n \n \n This project follows successful pilot plant scale testwork on tailings for the Hellyer Project in\n \n Australia\n \n (refer to EnviroGold's news release dated\n \n June 29\n \n , 2023).  The historic Hellyer Mine is also a volcanogenic massive sulphide (\"VMS\") type deposit, with very similar characteristics to Campo Morado.  The 500kg sample tested had grades of 2.59 g/t Au, 59 g/t Ag, 0.11% Cu, and 0.84% Zn.  Average gold and silver recoveries achieved by EnviroGold were both over 90%, on a cyanide leach feed using the Leachwell\n \n TM\n \n Accelerated cyanide leach technol...