Business
Luca Mining Announces Major Exploration Program
Luca Mining Announces Major Exploration Program Canada NewsWire VANCOUVER, ...
About this update from Luca Mining Corp
[{"type":"text","content":"\n\n\n\n Luca Mining Announces Major Exploration Program\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 July 31, 2024\n \n\n /CNW/ -\n \n Luca Mining Corp.\n \n (\"\n \n Luca\n \n \" or the \"\n \n Company\n \n \") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to announce plans for an exploration drilling campaign at both\n \n Campo Morado\n \n and Tahuehueto. Approximately 5,000 metres will be drilled at each project (10,000 meters total) during Q3 and Q4 of 2024, to test high potential targets on trend with the current mining areas.\n \n\n\n\n\n\n\n\n\n\n\n Campo Morado\n \n\n\n\n\n Campo Morado\n \n is a large VMS polymetallic system hosting substantial mineral resources of copper, zinc, gold and silver. The\n \n Campo Morado\n \n project includes an operating mine and associated infrastructure. The mine is generating positive, free operating cash flow. Over\n \n $500 million\n \n has been invested in the mine and mill from exploration, discovery, construction and operation. The mill is capable of processing over 2,000 tonnes per day. The property area encompasses 121 square kilometres (12,090 hectares) in the state of Guerrero in southwestern\n \n Mexico\n \n within the prolific Sierra Madre mineral belt.\n \n\n\n The new exploration campaign is the first exploration at\n \n Campo Morado\n \n since 2013.\n \n\n There are over 30 known targets that have never been tested.\n \n\n The top 4 targets are within the fully permitted mining zone.\n \n\n In the current campaign, the Company will be looking to explore the project's promising copper and gold potential.\n \n\n An extensive inventory of historical drilling data (580,800+ metres) along with geophysics and geochemistry is being used to evaluate and prioritize drill targets.\n \n\n\n What is exciting about typical VMS systems such as\n \n Campo Morado\n \n , is that they usually comprise multiple, discrete halos or pods of mineralization. Due to the nature of the deposit style, at many of the large VMS camps around the ...