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Luca Mining Hits 500 TPD Milestone at Tahuehueto Gold Project, and Successfully Closes Over-Subscribed Private Placement at CAD$24.9 million
Luca Mining Hits 500 TPD Milestone at Tahuehueto Gold Project, and Successfully Closes Over-Subsc...
About this update from Luca Mining Corp
[{"type":"text","content":"\n \n \n \n Luca Mining Hits 500 TPD Milestone at Tahuehueto Gold Project, and Successfully Closes Over-Subscribed Private Placement at CAD$24.9 million\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\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 June 28, 2023\n \n \n /CNW/ - Luca Mining Corp. (\"\n \n Luca\n \n \" or the \"\n \n Company\n \n \") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: TSGA) is thrilled to announce two significant milestones. Firstly, the Tahuehueto Gold Project in\n \n Durango, Mexico\n \n , has achieved a major milestone with a production capacity of 500 tonnes per day (\"\n \n tpd\n \n \"), on time and budget. Secondly, Luca has successfully closed an oversubscribed non-brokered private placement (the \"\n \n Private Placement\n \n \"), for a total of\n \n CAD$24,896,551.42\n \n (see the Company's news release dated\n \n March 31, 2023\n \n ).\n \n \n \n Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n Tahuehueto Gold Project achieves 500 tpd production milestone, on schedule and budget\n \n \n \n \n Funded to achieve commercial production of 1,000 tpd, scheduled for year-end 2023\n \n \n \n \n \n Mike Struthers\n \n , CEO, commented,\n \n \"We are delighted to have accomplished our goal of reaching 500 tpd at Tahuehueto. This achievement is a testament to the dedication and collaborative efforts of our site teams, contractors, management, and staff.\n \n \n But our focus on delivering Tahuehueto for all our stakeholders continues, as we push towards the ultimate goal of commercial production at 1,000 tpd by year-end. This underpins our strategy of operating two profitable mines\n \n \n and laying a solid foundation for growth, ultimately leading to an exceptional performance in 2024.\"\n \n \n \n \n \"In a...