Luca sees resource growth potential at Campo Morado

Luca Mining's exploratory drilling at its Campo Morado mine in Mexico's Guerrero State has revealed promising resource potential. In the unmined Largo Norte zone, a hole named CMUG-26-50 yielded 184 metres of 1.18 g/t gold, 72.42 g/t silver, 0.39% copper, 0.45% lead and 1.67% zinc from 3.6 metres downhole. Other significant findings include 18 metres of 2.64 g/t gold, 152.34 g/t silver, 0.53% copper, 1.05% lead and 2.52% zinc from 12 metres depth.

National Bank mining analyst Alex Terentiew stated that the results are "supportive of further resource growth at Campo Morado." The mine, producing underground with a capacity of 2,500 tonnes per day, hosts multiple sulphide lenses and has been explored with over 700 historical drill holes. The current drill campaign, totaling $25 million, aims to extend known mineralization within 80,000 metres of underground and surface drilling.

Luca is targeting high-grade and broader, slightly lower-grade gold- and silver-rich polymetallic mineralization in adjacent unmined zones. With these results, the company sees resource growth as well-suited to increase production tonnes, support flexibility, and extend mine life prior to the anticipated expansion update.