#Canada #Vancouver #Luca Mining #exploration #Campo Morado

Luca Mining Reports Promising Results from Campo Morado

Luca Mining Corp. has recently announced exciting results following six underground diamond drill holes conducted as part of its extensive exploration program at the Campo Morado VMS mine in Guerrero State, Mexico. This drill program marks the first significant exploratory effort in over a decade, with results indicating positive mineralization and the discovery of new zones that may enhance the mine's resource base.

The Exploration Program

The ongoing phase 1 exploration entails a grand total of 5,000 meters of drilling, emphasizing surface and underground assessments. The six holes drilled so far have revealed promising intersections within the G9 Deposit, including a notable interval of 5.6 meters yielding 2.3 grams per tonne of gold, 150 grams per tonne of silver, and an impressive 3.71% zinc flux – underlining the untapped potential of the Campo Morado site.

Earlier this month, the company's Chief Executive Officer, Dan Barnholden, expressed excitement over the drilling campaign, emphasizing its critical role in realizing the mine's capacity to become increasingly profitable. The initiative aims to extend known resources while refreshing the mine's strategic growth plans, setting the stage for future exploration to uncover adjacent zones, previously overlooked since 2010.

Results of the Drilling Campaign

The initial drill results showcase not just the abundance of metals like gold, silver, and zinc, but also the important strategic opportunity that lies within previously untested sections of the mine. For instance, drill hole CMUG-25-01, which aimed at a zone below active workings, intersected a mineralized section that further highlights the area's mineral potential. Likewise, subsequent drill holes have continuously yielded desirable grades of gold, copper, lead, and zinc, indicating a strong likelihood of further enriching the mine's resource base.

Moreover, the play at Campo Morado is surrounded by geological features that stimulate high excitement among the exploration community, suggesting that further drilling could reveal more extensive mineral networks vital for the mine's future yields. The findings align with the company’s strategic location in the Sierra Madre mineralized belt, known for its prolific mineralization.

Safety Performance Highlights

In addition to promising exploration results, Luca Mining proudly announced reaching a critical safety milestone: over one million hours worked without a Lost-Time Incident (LTI). This achievement, marked over 15 months, exemplifies the company's commitment to safety and operational excellence. Barnholden credited the outstanding safety culture cultivated at Campo Morado, attributing it to effective training and a robust monitoring system that keeps workers’ well-being at the forefront.

By achieving such a significant safety benchmark, Luca underscores the essential role that employee safety plays within its operational strategy, demonstrating that robust safety protocols can coexist with ambitious exploration and production goals.

Future Prospects and Initiatives

Looking ahead, the ongoing underground drilling program at Campo Morado serves as a precursor for the broader ambitions of the company, including a newly initiated surface drilling campaign targeting other potential districts such as Reforma and El Rey – areas that have not seen exploration activity since early 2010. With 38 identified targets classified as high-priority and deemed highly prospective, Luca is committed to systematically exploring these sites in the months to come, with the expectation of adding substantial mineral resources to its holdings.

The results from the ongoing drilling campaign at Campo Morado and the celebrated safety milestones highlight what can be achieved through dedicated exploration efforts and the promotion of a robust safety culture. As Luca Mining moves forward, the anticipation surrounding its exploration and safety performances continues to build excitement within the mining and investment communities.