Luca Mining Announces 1,000 tpd Construction Project Advancing to Plan at Tahuehueto Gold Mine in Mexico
Luca Mining Corp.
Suite 410, 1111 Melville Street
Vancouver, BC, V6E 3V6, Canada
Luca Mining Announces 1,000 tpd Construction Project
Advancing to Plan at Tahuehueto Gold Mine in Mexico
Vancouver, British Columbia, October 25, 2023
Luca Mining Corp. (“Luca” or the “Company”) (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) is pleased
to announce that its expansion project to double throughput to 1,000 tonnes per day (“tpd”) at its wholly
owned Tahuehueto Gold Mine in Durango, Mexico is progressing well and according to plan. The objective
is to achieve an installed capacity of 1,000 tpd by year-end and announce commercial production in first
quarter of 2024. First phase production levels are expected to reach over 40,000 ounces gold equivalent
per year.
Construction Status
A second ball mill for the mine expansion has passed through all upgrades and inspections and is now on
site and placed into the supporting structure (see photo). This second mill has a larger capacity and once
commissioned the mine’s installed capacity will be 1,250 tpd. Ancillary equipment (cyclones, pumps etc. )
will be delivered to site before mid -
October. Testing of the new mill is
planned for late -November and , if
successful, ramp-up will commence
shortly after.
The flotation and concentrate filtration
circuits already have an installed capacity
of 1,000 tpd.
A second tailings filter press, with a
nominal capacity of 500 tpd, will be
transported to site within a week . The
foundations for this press are completed.
The third (back-up) tailings filter press has
been secured and is undergoing inspections and refurbishments prior to shipping to site.
Construction of the second stage of the tailings embankment is currently 56% complete and progressing
well.
Mike Struthers, CEO, commented: “The team at Tahuehueto, including our contractors and senior
management, have done a great job in maintaining construction progress, pushing towards our 1,000 tpd
goal, and we are on track to achieve this by year-end. We plan to be testing the second mill by late-
November, and if successful we should be able to start ramping up to 1,000 tpd shortl y afterwards. We
are very close now to delivering Tahuehueto as the next, new profitable gold mine in Mexico. ”
CEO, Mike Struthers News Release Video Summary
About Luca Mining Corp.
Luca Mining Corp. is a Canadian based mining company with two 100% owned Mexican gold, silver, and
base metal mining projects.
Luca Mining Corp.
Suite 410, 1111 Melville Street
Vancouver, BC, V6E 3V6, Canada
Luca’s Tahuehueto Mine is an underground gold project in northwestern Durango State, Mexico, located
within the prolific Sierra Madre Mineral Belt which hosts numerous producing and historic mines along its
trend. Tahuehueto is on track to become a significant and one of Mexico’s newest gold mines to come
into production. The Pre-Feasibility Study updated in 2022 contemplates an operation achieving 40,000
ounces gold-equivalent per year production.
Campo Morado, located in Guerrero State, Mexico, is an operating underground base and precious
metals mine producing zinc and copper concentrates with significant precious metals credits.
Qualified Persons
The technical information contained in this News Release has been reviewed and approved by Mr. Mike
Struthers, C. Eng., CEO and Director of Luca Mining Corp . as the Qualified Person for the Company as
defined in National Instrument 43-101.
Visit: https://lucamining.com
On Behalf of the Board of Directors
(signed) “Mike Struthers”
Mike Struthers, CEO and Director
Cautionary Note Regarding Production Decisions and Forward-Looking Statements
It should be noted that Luca declared commercial production at Campo Morado prior to completing a feasibility study
of mineral reserves demons trating economic and technical viability. Accordingly, readers should be cautioned that
Luca’s production decision has been made without a comprehensive feasibility study of established reserves such that
there is greater risk and uncertainty as to future economic results from the Campo Morado mine and a higher technical
risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision.
Luca has completed a preliminary economic assessment (“PEA”) mining study on the Campo Morado mine that
provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified mineral
resources (see News Release dated November 8, 2017, and April 4,2018).
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, disclosure regarding the planned recommencement
of mining operations at Campo Morado; and other possible events, conditions or financial performance that are based
on assumptions about future economic conditions and courses of action; the timing and costs of future activities on the
Company’s properties, such as production rates and increases; success of exploration, development and bulk sample
processing activities, and timing for processing at its own mineral processing facility on the Tahuehueto project 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 pre paring
the Forward -Looking Information in this news release, the Company has applied several material assumptions,
including, but not limited to, that the current exploration, development, environmental and other objectives concerning
the Campo Morado Mine and the Tahuehueto Project can be achieved; that recommencement of operations at Campo
Morado will proceed as planned; the continuity of the price of gold and other metals, economic and political conditions,
and operations. 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 Forwa rd-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.
Luca Mining Corp.
Suite 410, 1111 Melville Street
Vancouver, BC, V6E 3V6, Canada
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.
For further information about Luca Mining Corp., please contact:
Glen Sandwell
Corporate Communications Manager
Tel: +1 (604) 684-8071