- Luca Mining (TSXV:LUCA) has revealed new high-grade gold mineralization at its Tahuehueto Gold Mine in Mexico
- The mineralization occurs off the main Creston vein, which is one of the two main structures the company is currently mining
- The presence of breccia ore shoots up to 20 metres wide with internally assayed channel samples returned greater than 20 grams per ton (g/t) gold
- Shares of Luca Mining are unchanged at C$0.47
Luca Mining (TSXV:LUCA) has revealed new high-grade gold mineralization at its Tahuehueto Gold Mine in Mexico.
The company stated in a news release that the mineralization found occurs off the main Creston vein, which is one of the two main structures the company is actively mining.
The presence of breccia ore shoots up to 20 metres wide with internally assayed channel samples returned greater than 20 grams per ton (g/t) gold.
“These wide and higher-grade mineralized zones at depth, where two vein splays intersect, were identified in earlier drilling. With the added detail from mapping and channel sampling we see the excellent potential in multiple areas,” Ramon Perez, interim CEO of Luca Mining, said in a statement.
According to Luca Mining, the underground mine development at Tahuehueto has been advancing since early 2022.
Most recently, developments have included access, dewatering and mining the first stopes of Level 23, which is currently the lowest level in the mine.
Spanning 7,492 hectares, the Tahuehueto Gold Mine covers at least 12 mineralized zones hosted within a structurally controlled epithermal system that has been traced for more than 6 kilometres. The project is Luca Mining’s flagship asset that has had more than $30 million invested in for exploration, prefeasability study and mine development purposes.
Luca Mining has two 100-per-cent-owned producing mines in Mexico and produces gold, copper, zinc, silver and lead from these mines that has considerable development and resource upside.
Shares of Luca Mining Corp. (TSXV:LUCA) are unchanged at C$0.47.
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