LUCA ACQUIRES KEY MINING CONCESSION ADJACENT TO TAHUEHUETO MINE
Prnewswire·2025-08-28 13:00

Core Viewpoint - Luca Mining Corp. has successfully acquired a 100% interest in the Humaya 3 mining concession, which is adjacent to its Tahuehueto Mine in Durango, Mexico, for a cash price of US$400,000, thereby expanding its land position by over 25% to approximately 10,000 hectares [1][2][3]. Company Overview - Luca Mining Corp. is a Canadian mining company operating two wholly owned mines in the Sierra Madre mineralized belt in Mexico, producing gold, copper, zinc, silver, and lead, with strong cash flow and significant development potential [5]. - The Campo Morado Mine features VMS-style polymetallic mineralization and covers 121 square kilometers, producing various metals including zinc and copper [6]. - The Tahuehueto Mine spans 100 square kilometers and is focused on epithermal gold and silver vein-style mineralization, currently in commercial production after successful mill commissioning [7]. Acquisition Details - The Humaya 3 mining concession covers 2,507 hectares and is free from any underlying NSR royalties, enhancing the exploration potential of the Tahuehueto Mine [2][3]. - The acquisition aligns with the company's growth strategy, aiming to increase shareholder value through exploration and discovery programs [3]. Exploration Potential - The newly acquired concession is geologically interpreted to extend known mineral veins, particularly the Santiago vein, which is a high-priority drill target for ongoing exploration efforts [3].