#Canada #Vancouver #Luca Mining Corp #Campo Morado #VMS Mining

Luca Mining Corp Unveils Strong Drill Results at Campo Morado

Luca Mining Corp. has recently reported outstanding results from its exploration drilling at the Campo Morado mine, located in Guerrero State, Mexico. The company has made substantial progress amidst an ongoing exploration campaign designed to expand the known mineral resources within the area.

During its Phase One exploration program, Luca conducted a total of 5,000 meters of underground drilling and 2,500 meters of surface drilling, resulting in impressive grades of gold, silver, and zinc. Notably, the surface drillhole CMRF25-07 revealed 37.2 meters yielding 6.0 grams per tonne (g/t) gold, 370 g/t silver, and a remarkable 6% zinc. This drillhole represents a strong indicator of the potential for high-grade mineralization within the Reforma Deposit and surrounding areas adjacent to ongoing underground operations.

The highlighted results include:

• - Surface drillhole CMRF25-07: 37.2 meters with 5.87 g/t gold and 367.50 g/t silver.
• - Existing underground drillhole CMUG-25-022: 5.5 meters showing prominent mineralization around 3.20 g/t gold and 252.6 g/t silver.

These results are particularly encouraging as they confirm the valuable resource expansion at Campo Morado and suggest there may be significant untapped resources nearby. Furthermore, the recent drilling endeavors have confirmed the continuity of valuable mineralization zones, supporting previous historical drilling data.

In-depth analysis indicates that the mineralization characteristics within the Reforma Deposit continue to hold substantial value, with many of the core intervals exhibiting grades equivalent to or even surpassing those previously recorded. Moreover, the ongoing exploration efforts through both surface and underground drilling are designed not only to confirm the existing resources but also to discover new areas with high potential.

Paul D. Gray, the Vice President of Exploration at Luca, stated, “These results exceed our expectations and highlight the exceptional potential for high-grade gold and silver in the Campo Morado region. The previous operators of the mine did not prioritize the exploration efforts for gold and silver, and we are eager to further unlock the project's full potential.”

The ongoing drilling efforts have been focused primarily in areas believed to have substantial mineralization potential based on historical geological surveys. So far, the exploration campaign has yielded 24 underground drillholes totaling 5,070 meters, successfully moving towards enhancing the understanding of resource distribution within the mine.

In light of these consistently favorable results, Luca Mining Corp. is set to initiate a Phase 2 surface drilling program shortly while continuing to explore near-mine resources within the Campo Morado mine as it aims to confirm and grow the precious metal resources further. This next phase presents a promising opportunity for the company to expand its footprint within this prolific mineralized belt, particularly given the notable increase in metal prices since initial evaluations of the Reforma and El Rey deposits.

In conclusion, the successful drill results showcased by Luca Mining Corp. at Campo Morado not only enhance the potential resource base but also promise exciting exploration opportunities moving forward. The company's strategic approach in targeting high-grade deposits marks a new era of exploration aimed at advancing a robust mining operation in the Guerrero region. Industry observers and investors alike will be keenly watching to see how the next exploration phases unfold in this highly promising landscape.