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Luca Mining

TSXV:LUCALive AI agent

Luca Mining Corp.

Investor website: https://lucamining.com/

About

Luca Mining Corp. is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects. The Tahuehueto Gold Mine project is in north-western Durango State, Mexico, where construction of its 1,000 tpd project is complete and well on its way to declaring commercial production in early 2025. The operation will generate gold, silver, lead, and zinc in concentrates. Campo Morado is an operating polymetallic base metal mine in Guerrero, Mexico, currently producing at an average of approximately 2,300 tpd and is currently estimated to be Mexico’s 6th largest zinc producer.

Verified company data

Cash position
0.0M
Shares outstanding
34,868,052
Fully diluted shares
76,534,718
Mineral resource
The following mineral resources have been calculated using a cut-off of 1.35 g/t Au Equivalent. These resource numbers are preliminary in nature. They include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Resources, reserves and contained metal estimates based on Preliminary Feasibility Study dated April 27, 2022. ### Mineral Reserve Estimate | Classification | Tonnes <br>(x1000) | Gold | Oz Au <br>(x1000) | Silver | Oz Ag <br>(x1000) | Copper | Lbs Cu <br>(x1000) | Lead | Lbs Pb <br>(x1000) | Zinc | Lbs Zn <br>(x1000) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Proven Reserves | 2,538 | 2.89 g/t | 219 | 51.93 g/t | 3937 | 0.27 % | 14,246 | 1.18 % | 61,429 | 2.07 % | 107,515 | | Probable Reserves | 1,227 | 1.90 g/t | 75 | 46.48 | 1,834 | 0.23 % | 6,304 | 0.96% | 25,929 | 1.63% | 44,125 | ### Measured & Indicated Resources | Classification | Tonnes <br>(x1000) | Gold | Oz Au <br>(x1000) | Silver | Oz Ag <br>(x1000) | Copper | Lbs Cu <br>(x1000) | Lead | Lbs Pb <br>(x1000) | Zinc | Lbs Zn <br>(x1000) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Total M&I | 6,260 | 2.11 g/t | 425 | 46.97 g/t | 9,454 | 0.27 % | 36,594 | 0.90 % | 123,872 | 1.98% | 273,364 | | Measured | 3,875 | 2.42 g/t | 302 | 48.54 g/t | 6,047 | 0.27 % | 23,215 | 1.11 % | 94,9667 | 2.01 % | 171,481 | | Indicated | 2,385 | 1.60 g/t | 123 | 44.43 g/t | 3,407 | 0.25 % | 13,379 | 0.55% | 28,905 | 1.94% | 101,883 | ### Inferred Resources | Classification | Tonnes <br>(x1000) | Gold | Oz Au <br>(x1000) | Silver | Oz Ag <br>(x1000) | Copper | Lbs Cu <br>(x1000) | Lead | Lbs Pb <br>(x1000) | Zinc | Lbs Zn <br>(x1000) | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Inferred | 918 | 1.02 g/t | 30 | 28.46 g/t | 840 | 0.15 % | 3.077 | 1.16 % | 23,571 | 1.96 % | 39,755 |
Projects
["### Tahuehueto\nThis 7,492-hectare property covers at least 12 mineralized zones hosted within a structurally controlled epithermal system that has been traced for more than 6 km.\n\n### Overview\nLocated in Durango, México, Tahuehueto provides exposure to precious metals and excellent growth potential to the Company. It is Luca’s flagship asset, where over $ 30M has been invested between Exploration, Prefeasibility Study and Mine Development. Commercial Production in 2025. Tahuehueto’s 1000 tpd processing plant has successfully commissioned its mill and is now in commercial production.\n\n### Technical Reports\n- [NI 43-101 PFS・April 2022](https://lucamining.com/wp-content/uploads/2023/07/NI-43-101-April-2022.pdf)\n- [NI 43-101 PFS・Jan 2017](https://lucamining.com/wp-content/uploads/2023/07/NI-43-101-PFS-Jan-2017.pdf)\n- [Site Assessment and PEA・August 2011](https://lucamining.com/wp-content/uploads/2023/07/Site-Assessment-and-PEA-Aug-2011.pdf)\n- [PEA ・Oct 2010](https://lucamining.com/wp-content/uploads/2023/07/PEA-October-2010.pdf)\n- [Technical Report・June 2009](https://lucamining.com/wp-content/uploads/2023/07/Technical-Report-June-2009.pdf)\n- [Technical Report・June 2008](https://lucamining.com/wp-content/uploads/2023/07/Technical-Report-June-2008.pdf)\n- [Mineralization Comments・Nov 2007](https://lucamining.com/wp-content/uploads/2023/07/Mineralization-Comments-2007.pdf)\n\n### Location & Infrastructure\nThe Tahuehueto project is located in the northwest portion of the state of Durango, about 250 km northwest of Durango, the state capital, and 160 km northeast of the city of Culiacan, Sinaloa. The project is located about 25 km north of the Topia polymetallic-silver mine, 40 km northwest of the La Cienega gold, silver, base metal mine, 85 km southwest of the Guanacevi silver district, 280 km southeast of the Palmarejo silver and gold mine, and 150 km northwest of the San Dimas mining district, most notable for the Tayoltita silver and gold mine. The project is approximately centered on UTM coordinates (WGS 84 Zone 13 for México) 337366 m E and 2812659 m N (106°37’1 longitude west and 25°25’19 latitude north). The nearest sizeable community to the project area is Tepehuanes, which is located approximately 175 km by road east of the property and has a population of approximately 15,000. A 34.5 kv power line and telephone service extends as far as Tepehuanes; diesel generators presently supply power to the project site.\n\n### Resources & Reserves\nThe following mineral resources have been calculated using a cut-off of 1.35 g/t Au Equivalent. These resource numbers are preliminary in nature. They include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Resources, reserves and contained metal estimates based on Preliminary Feasibility Study dated April 27, 2022.\n\n### Geology\nThe Tahuehueto project lies near the western edge of the Sierra Madre Occidental, a 1,200 km long north-northwest-trending volcanic plateau that is 200 to 300 km in width. This mountainous plateau separates the southward extension of the Basin and Range Province of the southwestern United States into two parts; Sedlock et al. (1993) suggested calling these two areas of extension the eastern and western Mexican Basin and Range provinces. Tahuehueto is near the boundary between the Sierra Madre Occidental and western Mexican Basin and Range Province.\n\n### Exploration\nTahuehueto is a district-scale epithermal gold-silver system hosting approximately 11 kilometres of prospective vein structures. The property is supported by a substantial historical exploration database, including approximately 48,260 metres of drilling completed in 252 drill holes between 2004 and 2011. Luca restarted systematic exploration at Tahuehueto as part of its three-year, US$25 million exploration program. Current exploration is focused on near-mine resource expansion and mine-life extension through the systematic testing of known mineralized structures, while also evaluating selected targets across the broader property. Drilling is designed to extend mineralization along strike and at depth within existing mining areas, where multiple vein systems remain open and continue to demonstrate strong growth potential."]
Leadership
Mike Struthers (CEO, Over 20 years of experience in the mining industry, previously held senior roles at various mining companies.), Chris Richings (Vice-President Technical, Over 20 years of experience in underground and open pit mining operations in North and South America, previously Director of Technical Services for Lundin Mining projects.)

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