#Mexico #Luca Mining #Campo Morado #Exploration Drilling #Guerrero

Luca Mining Initiates Exploration Drilling Campaign at Campo Morado

Luca Mining Corp. (TSXV: LUCA) has marked a significant milestone by commencing exploration drilling at the Campo Morado mine, nestled in Guerrero State, Mexico. This undertaking is noteworthy as it is the first extensive exploration program since 2014, positioning Luca to assess and enhance its mineral resources in an area well-known for its polymetallic mineralization.

Overview of Campo Morado

Campo Morado is primarily recognized for its polymetallic massive sulphide deposits that yield zinc, copper, gold, silver, and lead. Situated within a compelling land package exceeding 121 square kilometers in the Guerrero Gold Belt, the mine's mineral potential is substantial. The recent drilling campaign aims to augment the existing mineral resources while delineating additional resource zones that have been insufficiently explored.

The first phase of this exploration initiative is targeted to include around 5,000 meters of underground diamond drilling across 25 strategic holes. The focal point of this drilling effort will be areas that are close to current underground production zones, alongside untested regions showcasing significant potential for new discoveries. Furthermore, a surface drilling program is anticipated to initiate shortly after this initial phase, extending the scope of exploration to encompass regions outside the established mine workings.

Historical Context and Data

Past exploration efforts at Campo Morado yielded a treasure trove of geological data, encompassing more than 600,000 meters of drilling conducted across both surface and underground operations. Comprehensive geological and structural mapping, paired with approximately 30,000 geochemical soil samples, have facilitated a deeper understanding of the area's geological framework. The extensive geophysical surveys conducted via ground and airborne methods, particularly related to gravity, electromagnetics, and induced polarization, have significantly contributed to the identification of mineral resources.

Expert Insights

Paul Gray, Vice President of Exploration at Luca, expressed enthusiasm regarding the exploration efforts, likening Campo Morado to other well-established Volcanogenic Massive Sulfide (VMS) systems known for their considerable growth potential. Gray highlighted the strategy behind this drilling program: not only to define immediate mineralization resources but also to leverage the historical data and implement innovative exploration practices aimed at extending the mine's lifespan and diversifying available resources.