#Canada #Vancouver #Luca Mining #Campo Morado #Tahuehueto

Luca Mining Corp. Initiates $25 Million Exploration Program

Luca Mining Corp. is setting its sights on substantial gold potential at its fully owned Campo Morado and Tahuehueto mining operations in Mexico with the announcement of a major three-year, $25 million exploration program. This initiative is designed to lead to significant discoveries and yield sustainable benefits for the company and the local communities.

Overview of the Program

The ambitious program will include extensive drilling efforts amounting to approximately 80,000 meters, both from surface and underground sites. This strategic exploration will not only enhance the understanding of existing resources but also aims to expand known high-grade gold deposits. The company plans to utilize advanced AI technology, notably through its collaboration with VRIFY, to analyze over 30 years of geological data focusing on significant anomalies detected within the mining landscape.

Financial Allocation

The first phase, budgeted at $6.5 million, will cover 20,000 meters of drilling planned for 2026. Following this, an additional $18.5 million is allocated for 2027 and 2028 for another 60,000 meters of work across both mining sites. The operation focuses on high-grade gold discovery, demonstrating Luca’s commitment to maximizing its mining potential in the region.

Targeted Areas

Detailed analyses have identified 38 priority targets, particularly at Campo Morado, highlighted by a fresh focus on the Reforma Deeps area, which is anticipated to unveil high-grade deposits beneath historical drilling sites. Simultaneously, exploration at Tahuehueto will target extensions of known structures, aiming to confirm the continuity of mineralized systems that could significantly enhance the project’s value.

Previous Success

Past performance in exploration has already yielded promising results. For instance, recent drill holes at Campo Morado revealed impressive metrics such as 37.2 meters of 5.9 g/t gold and 368 g/t silver, indicating that the area is rich in mineral potential. At Tahuehueto, drills encountered significant gold grades as well, with samples showing 14 meters of 6.7 g/t gold, stressing the viability of these targets.

AI Integration in Exploration

Luca Mining's partnership with VRIFY highlights the modern data-driven approach to exploration. By employing DORA, an AI-powered prospectivity mapping platform, the company aims to streamline data interpretation and discover mineralization patterns that could lead to new operational successes. The pre-trained AI model is equipped to handle extensive historical data, addressing geological complexities that often accompany mineral exploration.

Community Impact and Future Steps

Luca Mining has established a robust relationship with the local communities surrounding Campo Morado and Tahuehueto, with existing agreements facilitating swift progress in exploration activities. The involvement of local stakeholders is vital, ensuring that the benefits of mining extend beyond just financial gains for the company but also promote local development and infrastructural improvements.

As Paul D. Gray, Luca's VP of Exploration, expressed, this program is not merely about immediate exploration successes but about laying the groundwork for a sustainable future through informed decision-making and comprehensive community engagement.

Preparing for this intensive exploration endeavor, Luca is confident that its systematic and data-focused approach will unlock the vast gold potential of both projects, engaging in a journey towards discovery that promises to reshape its production capabilities and bolster shareholder value intelligently.

In sum, Luca Mining's commitment to innovative exploration using AI-driven resources illustrates a forward-thinking strategy that could lead to significant discoveries. This aligns with the broader objectives of creating lasting value for its stakeholders, emphasizing the importance of exploration in the mining sector and its direct impact on local economies. With both Campo Morado and Tahuehueto presenting promising targets and operational capabilities, Luca Mining is poised for an exciting phase of growth.