Core Viewpoint - Luca Mining Corp. has announced a comprehensive three-year exploration program with a budget of US$25 million aimed at unlocking high-grade gold potential across its Campo Morado and Tahuehueto mining operations in Mexico [1][6]. Program Overview - The exploration program includes over 80,000 metres of surface and underground diamond drilling to support future production growth, covering more than 220 square kilometres of highly prospective concessions [3][6]. - The program will utilize AI-assisted target-generation technology from VRIFY to analyze extensive geological datasets, including over 650,000 metres of historical drilling [4][6]. Program Focus and Targets - Drilling will focus on high-grade gold mineralization at both mines, with 38 priority targets identified, including a new high-grade gold zone at Reforma Deeps [5][6][7]. - The 2026 budget allocates US$6.5 million for 20,000 metres of drilling, with an additional US$18.5 million planned for 2027-2028 for 60,000 metres [6]. Recent Exploration Successes - Recent drilling results include significant intersections at Campo Morado, such as 37.2 metres of 5.9 g/t Au and 368 g/t Ag, and at Tahuehueto, with 14.0 metres of 6.7 g/t Au [7][8]. - The exploration will also target extensions of the Crestón, Perdido, and Santiago structures, focusing on undrilled gravity anomalies [7][8]. Company Background - Luca Mining Corp. operates two 100%-owned producing mines in the Sierra Madre mineralized belt in Mexico, producing gold, copper, zinc, silver, and lead [9]. - The Campo Morado mine is an underground operation producing copper-zinc-lead concentrates, while the Tahuehueto mine is a newly constructed underground operation primarily producing gold and silver [10][11].

Core Insights - Giant Mining Corp. has successfully completed a site visit with Exploration Technologies Inc. to advance domestic copper production in line with the America First industrial strategy [1][2] - The Phase 2 exploration program aims to define and delineate a mineralized system to develop a NI 43-101 compliant Mineral Resource Estimate [3][4] - The company is leveraging AI-assisted geophysical modeling to optimize exploration efforts and reduce risks associated with drilling [2][5] Company Developments - The Phase 1 drill program confirmed hypogene copper mineralization and strong breccia controls, correlating with previously identified high-grade copper intercepts [6][7] - ExploreTech has been reaffirmed as the technical partner for the 2025 Phase 2 exploration, reinforcing Giant Mining's commitment to American copper independence [7] - The company has secured funding for the next phase of drilling at the Majuba Hill project, which is located in a top-ranked mining jurisdiction in Nevada [12][13] Market Context - Copper prices have surged over 40% year-to-date, reaching a peak of US $5.72 per pound, driven by strong demand and tightening global supply [4][5] - The initiative aligns with bipartisan support for revitalizing domestic supply chains in critical metals, emphasizing the importance of reshoring copper production for national security and energy transition [5][16] Project Characteristics - The Majuba Hill project spans 9,684 acres and is well-positioned with solid infrastructure, including access to roads, power, and water [12][13] - Historical production and extensive drilling indicate a potentially large mineralized body with significant expansion potential [13][17] - The company employs a robust QA/QC program to ensure the integrity of its exploration and drilling processes [14]