#Canada #Vancouver #Luca Mining #Campo Morado #El Rey

Exciting Developments at El Rey Deposit

Luca Mining Corp., known for its robust mining operations, has recently unveiled remarkable drill results from the El Rey deposit at its Campo Morado site in Guerrero State, Mexico. This marks the first drilling activity in over 14 years at this promising location.

As part of its ongoing Phase 2 exploration program, Luca Mining reported new findings indicating thick, gold- and silver-rich volcanic massive sulfide (VMS) mineralization. Notably, surface drillhole CMRY-25-02 highlighted an impressive interval of 28.6 meters of 5.35 g/t AuEq, showcasing not just the potential of the El Rey deposit but also its strategic location — merely 200 meters away from the Reforma deposit and in proximity to existing underground infrastructure.

Noteworthy Drill Results

Here are some fascinating highlights from the recent drilling campaign at El Rey:

• - CMRY-25-01: 24.9 m of 5.44 g/t AuEq, with peaks like 13.86 g/t AuEq over 4.0 m.
• - CMRY-25-02: 28.6 m of 5.35 g/t AuEq, inclusive of 2.8 m of 12.55 g/t AuEq.
• - CMRY-25-06: 21.0 m of 6.13 g/t AuEq, featuring a remarkable 2.2 m of 25.38 g/t AuEq.

These results reaffirm the deposit's significance as it extends beyond previous geological interpretations, particularly in depth and at the western boundary. Drilling has confirmed the presence of large quantities of high-grade gold and silver, reassuring stakeholders about the potential lifespan of the Campo Morado mine and its capacity for increased production flexibility.

Strategic Significance

The El Rey deposit represents an unmined resource with significant geological similarities to the nearby Reforma deposit. As highlighted by Paul D. Gray, Luca's VP of Exploration, the deposit not only confirms the presence of valuable minerals but also opens up new exploration avenues that could potentially lead to the discovery of additional VMS mineralization.

The implications of these findings are profound — they suggest lengthening the mine's operational life while simultaneously boosting production efficiency. Moreover, this drilling program is set against the backdrop of ongoing exploration efforts targeting previously undrilled, high-grade VMS deposits. The initiative aims to harness the mineral wealth surrounding Campo Morado while continuously seeking growth opportunities in the region.

Future Directions

Currently, two surface drill rigs are actively operating at Campo Morado along with existing underground drilling operations. The advancement involves approximately 8,200 meters of surface drilling and 8,700 meters of underground drilling completed thus far. These operations focus on fulfilling the company’s objectives of resource expansion and mine life extension, further solidifying Luca Mining’s position as a leader in the mining sector.

The recent discoveries coupled with operational advancements at Campo Morado offer a bright outlook for the company. It’s an exciting time as drilling activities continue at additional targets, namely the Zapata target, anticipated to yield further promising results as exploratory efforts ramp up in the first half of 2026.

In summarizing, Luca Mining Corp.'s report represents a crucial milestone as it not only underscores the untapped potential of the El Rey deposit but also reinforces the overall outlook of the Campo Morado mine development strategy amidst a supportive industry context. Investors and industry watchers will be keenly observing how these developments unfold.

Conclusion

The drilling results at El Rey signify more than just high-grade mineral finds; they present a pivotal opportunity to enhance the operational framework of Luca Mining. As exploration continues, the potential for further discoveries remains robust, positioning the company for long-term growth and profitability in the competitive mining sector.