LUCA ACQUIRES KEY MINING CONCESSION ADJACENT TO TAHUEHUETO MINE
Luca Mining (OTCQX: LUCMF) has acquired the Humaya 3 mining concession from Fresnillo's subsidiary for US$400,000. The strategic acquisition encompasses 2,507 hectares adjacent to Luca's Tahuehueto Mine in Durango, Mexico, expanding the company's land position by over 25% to approximately 10,000 hectares.
The acquired concession is free from NSR royalties and holds significant exploration potential, with known veins from current mineral resources interpreted to extend onto the new property. Notably, the Santiago vein, which contains Mineral Resources and Reserves, extends northeast into the newly acquired ground, presenting a high-priority drill target.
Luca Mining (OTCQX: LUCMF) ha acquistato la concessione mineraria Humaya 3 dalla controllata di Fresnillo per US$400.000. L'operazione comprende 2.507 ettari adiacenti alla miniera Tahuehueto di Luca a Durango, Messico, portando la superficie totale dell'azienda a circa 10.000 ettari, con un aumento di oltre il 25%.
La concessione acquisita è esente da royalty NSR e offre notevole potenziale esplorativo: vene note dalle risorse minerarie attuali sembrano estendersi sulla nuova proprietà. In particolare, la vena Santiago, che contiene Risorse e Riserve Minerarie, prosegue verso nord-est nella zona acquisita, costituendo un obiettivo prioritario di perforazione.
Luca Mining (OTCQX: LUCMF) ha adquirido la concesión minera Humaya 3 a la filial de Fresnillo por US$400.000. La adquisición abarca 2.507 hectáreas adyacentes a la mina Tahuehueto de Luca en Durango, México, ampliando la superficie de la compañía en más del 25% hasta aproximadamente 10.000 hectáreas.
La concesión adquirida está libre de regalías NSR y presenta un importante potencial de exploración: se interpreta que vetas conocidas a partir de los recursos minerales actuales se extienden sobre la nueva propiedad. En particular, la veta Santiago, que contiene Recursos y Reservas Minerales, continúa en dirección noreste dentro del terreno adquirido y constituye un objetivo prioritario de perforación.
Luca Mining(OTCQX: LUCMF)는 Fresnillo 자회사로부터 Humaya 3 광산 채굴권을 US$400,000에 인수했습니다. 이 전략적 인수는 멕시코 두랑고에 있는 Luca의 Tahuehueto 광산에 인접한 2,507헥타르를 포함하며, 회사의 토지 보유를 약 10,000헥타르로 25% 이상 확대합니다.
인수한 채굴권에는 NSR 로열티가 없으며 탐사 잠재력이 큽니다. 현재 자원에 기록된 알려진 광맥들이 신규 지분으로 연장되는 것으로 해석됩니다. 특히 광물 자원과 매장량을 포함하는 Santiago 광맥이 북동쪽으로 신규 취득지까지 연장되어 있어 우선적인 시추 목표로 평가됩니다.
Luca Mining (OTCQX: LUCMF) a acquis la concession minière Humaya 3 auprès d'une filiale de Fresnillo pour US$400 000. Cette acquisition stratégique comprend 2 507 hectares contigus à la mine Tahuehueto de Luca à Durango, Mexique, augmentant la superficie de l'entreprise d'un peu plus de 25% pour atteindre environ 10 000 hectares.
La concession acquise est exempte de redevances NSR et présente un fort potentiel d'exploration : des veines connues à partir des ressources minérales actuelles semblent se prolonger sur la nouvelle propriété. Notamment, la veine Santiago, qui contient des ressources et des réserves minérales, se poursuit vers le nord-est dans le terrain acquis et constitue une cible prioritaire de forage.
Luca Mining (OTCQX: LUCMF) hat die Bergbaukonzession Humaya 3 von einer Tochtergesellschaft von Fresnillo für US$400.000 übernommen. Die strategische Akquisition umfasst 2.507 Hektar neben Lucas Tahuehueto-Mine in Durango, Mexiko, und vergrößert die Liegenschaftsfläche des Unternehmens um über 25% auf etwa 10.000 Hektar.
Die erworbene Konzession ist frei von NSR-Royalties und verfügt über erhebliches Explorationspotenzial: Bekannte Adern aus den aktuellen Mineralressourcen werden als in das neue Gebiet fortsetzend interpretiert. Besonders die Santiago-Ader, die Mineralressourcen und Reserven enthält, setzt sich nordöstlich auf dem neu erworbenen Gelände fort und stellt ein vorrangiges Bohrziel dar.
- Strategic acquisition expands land position by 25% to 10,000 hectares
- No NSR royalties attached to the acquired concession
- Known mineral-rich veins extend into the new property
- Acquisition cost of only US$400,000 for significant land expansion
- High-priority drill targets identified on the new property
- Cash expenditure of US$400,000 impacts company's cash position
As consideration for a
Dan Barnholden, Luca's CEO, commented: "Acquiring this strategic mining concession, which directly surrounds our Tahuehueto Mine, aligns with our growth strategy as we add value to our assets. Luca will continue to demonstrate our ability to increase shareholder value through our commitment to exploration and discovery programs. This ground will play a key role in our near-term exploration strategy at Tahuehueto as we expand our exploration efforts."
Paul D. Gray, VP of Exploration, added: "The Humaya 3 mining concession surrounds the Tahuehueto Mine and with this acquisition we have significantly increased both the size and exploration potential of our mineral tenure at Tahuehueto. Known veins hosting our current mineral resources are interpreted geologically to extend along strike both to the northeast and the southwest onto this newly acquired concession. In particular, the
Qualified Person
The technical information contained in this news release has been reviewed and approved by Mr. Paul D. Gray, P.Geo., Vice-President Exploration at Luca Mining. Mr. Gray is a Qualified Person for the Company as defined by National Instrument 43-101.
About Luca Mining Corp.
Luca Mining Corp. (TSX-V: LUCA, OTCQX: LUCMF, Frankfurt: Z68) is a Canadian mining company with two wholly owned mines located in the prolific Sierra Madre mineralized belt in
The Company's Campo Morado Mine hosts VMS-style, polymetallic mineralization within a large land package comprising 121 square kilometres. It is an underground operation, producing zinc, copper, gold, silver and lead. The mine is located in Guerrero State.
The Tahuehueto Mine is a large property covering 100 square kilometres in Durango State. The project hosts epithermal gold and silver vein-style mineralization. Tahuehueto is a newly constructed underground mining operation producing primarily gold and silver. The Company has successfully commissioned its mill and is now in commercial production.
On Behalf of the Board of Directors
(signed) "Dan Barnholden"
Dan Barnholden, Chief Executive Officer
For more information, please visit: www.lucamining.com
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities laws. Forward Looking Information includes, but is not limited to, estimated production guidelines for 2025 and other possible events, conditions or performance that are based on assumptions about the proposed exploration program and its anticipated results; the timing and costs of future activities on the Company's properties, such as production rates and increases and sustaining capital expenditures; success of exploration, development, and metres to be drilled in exploration on the Tahuehueto Mine site and the Campo Morado Mine site. In certain cases, Forward-Looking Information can be identified using words and phrases such as "plans"," expects", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to, that the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Tahuehueto Mine can be achieved; that consistent and sustainable mill feed at Campo Morado Mine will be achieved; the continuity of the price of gold and other metals and economic and political conditions. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Luca Mining Corp.
FAQ
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