LUCA INTERSECTS HIGH-GRADE GOLD AT REFORMA, INCLUDING 13 METRES OF 11.4 GRAMS PER TONNE GOLD EQUIVALENT
LUCA INTERSECTS HIGH-GRADE GOLD AT REFORMA, INCLUDING 13 METRES OF 11.4 GRAMS PER TONNE GOLD EQUIVALENT |
| [16-October-2025] |
VANCOUVER, BC, Oct. 16, 2025 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is pleased to report analytical results from four additional surface drillholes at the Reforma deposit and two underground drillholes at the Campo Morado polymetallic VMS mine in Guerrero State, Mexico.
Surface Drill Program Surface drilling at Reforma continues to confirm the size, tenor and grade of precious and base metals historically reported within the deposit, as well as better define the deposit and test the expansion potential of the Reforma massive sulphide mineralization. Each hole intercepted massive sulphide where expected and on average over greater widths and higher grades than the geological model predicted (See Table 1 and Figures 1 to 6). The ongoing surface drill program is designed to confirm and expand the existing mineral resources at both the Reforma and El Rey deposits, which both display elevated precious metals grades relative to the other deposits at Campo Morado. The program is also designed to collect material from these zones for additional metallurgical test work focused on increasing precious metals recoveries at the project. In addition, Luca also plans to drill untested exploration targets nearby to Reforma and El Rey, none of which has ever been drill tested. Thirty-eight (38) priority targets have been identified from assessment of the substantive historical exploration database of Campo Morado and ranked, based on coincident favourable geological, geochemical and geophysical interpretations. A total of 4,060m of surface drilling has been completed at the Reforma Deposit from 16 surface drillholes with "HQ" and/or "PQ" sized diamond drill core. The surface exploration program has now shifted to the El Rey deposit, with two holes completed.
Underground Drill Program Underground drillholes CMUG-25-23 and CMUG-25-24 confirmed mineralization within a previously undrilled section of the C-108 Zone and returned higher grade gold and copper located approximately 20m from existing mine workings. This area defined by this drillhole will be the focus of follow-up exploration efforts as the C-108 Zone comes into the Campo Morado Mine plan in 2026. The underground drilling program at Campo Morado is targeted to advance the definition of mineable resources near existing mine working as well as testing new zones interpreted to host extensions of known mineralization based on the Property´s extensive historical drilling database. To date, 27 underground diamond drillholes have been completed in 2025 totaling over 5,700 metres with "HQ" and/or "NQ" sized diamond drill core. Paul D. Gray, Luca´s VP of Exploration, commented, "Luca continues to successfully delineate and expand the precious metals rich Reforma Deposit with our surface exploration drill program. In addition, with drilling from underground we have defined new mineralized areas in close proximity to current mining operations. Based on the drilling success achieved to date, both of our 2025 surface and underground drill programs have been significantly expanded. This is a transformative period for the Company as Luca begins to unlock the property-wide, gold-rich VMS potential of the Campo Morado Property." Table 1: Highlighted Diamond Drill Assay Results from UG Drillholes CMUG-25-23 through CMUG-25-24 and Surface Drillholes CMRF-25-08 through CMRF-25-11.
Table 2: Underground and Surface Drill Collar Details for Released Results
Analytical Method and Quality Assurance/Quality Control Measures All drill core splits reported in this news release were analysed by Bureau Veritas of Durango, Mexico, utilizing the Multi-Acid digestion ICP-ES 35-element MA300 analytical package with FA-430 30-gram Fire Assay with AAS finish for gold on all samples. Au over-limits from FA-430 are re-analyzed by FA530 30-gram Fire Assay with Gravimetric finish. Ag over-limits from ICP MA300 analytical package are re-analyzed by FA530 30-gram Fire Assay with Gravimetric finish. Similarly, Cu, Pb and Zn over-limits from ICP MA300 analytical package are re-analyzed by ICP Multi-Acid digestion MA370 package. All core samples were split by core saw on-site at Luca's core processing facilities at the Campo Morado Mine. Once split, half were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were collected by Bureau Veritas at the Campo Morado Mine site and transported to their laboratory in Durango, where they were prepared into 250-gram pulps for gold fire assay. The pulps were then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C., for final ICP analysis. A robust system of standards, 1/4 core duplicates and blanks was implemented in the 2025 exploration drilling program and is monitored as chemical assay data become. 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 Mexico. These mines produce gold, copper, zinc, silver, and lead and generate strong cash flow. Both mines have considerable development and resource upside as well as world-class exploration potential. 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 of over 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 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.
SOURCE Luca Mining Corp. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company Codes: TorontoVE:LUCA,Frankfurt:Z68,OTC-PINK:LUCMF,OTC-BB:LUCMF,OTC-QX:LUCMF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
View original content to download multimedia:
