Luca Mining Welcomes Lisa Dea as CFO and Announces Board Update
Luca Mining Corp.
Suite 410, 1111 Melville Street
Vancouver, BC, V6E 3V6, Canada
Luca Mining Welcomes Lisa Dea as CFO and Announces
Board Update
Vancouver, British Columbia, 3 January 2024
Luca Mining Corp. (“Luca” or the “Company”) (TSX-V: LUCA; OTCQX: LUCMF; Frankfurt: Z68) is
pleased to announce the appointment of Lisa Dea as Chief Financial Officer (“CFO”), effective
January 2, 2024.
Lisa Dea, CPA, CA, is a highly experienced financial executive with over three decades of expertise
in finance, securities, and accounting. As the former Chief Financial Officer of Guanajuato Silver
Company Ltd., a TSX-V listed mid-tier producing silver company, Ms. Dea played a pivotal role in
strategically reactivating past producing silver and gold mines in central Mexico. Her
comprehensive skills span corporate and M&A activities, debt and capital markets, operations,
financial reporting, and human resources. Ms. Dea has a proven track record of successfully
negotiating and completing numerous debt and equity deals, fostering and maintaining banking
relationships with international institutions, and leading teams with a focus on collaboration and
mentorship. Holding a Chartered Accountant designation earned in 1997 and a Bachelor of
Commerce degree from the University of British Columbia, Lisa Dea has been instrumental in
overseeing all aspects of finance and legal functions, implementing structural controls, governance,
and fiscal policies throughout her career. With a strong foundation built during her eleven-year
tenure at Deloitte & Touche LLP, where she achieved the position of Senior Manager, Ms. Dea's
strategic financial management has been evident in her roles as the CFO of several TSX, TSX-v, CSX
and ASX listed companies throughout her career in the finance industry.
CEO, Mike Struthers, stated, “I’m very pleased to announce Lisa joining the Luca team. She brings a
wealth of experience both corporately and in operations. Her recent experience in Mexican mines
is directly relevant and will be invaluable as Luca continues to optimise administrative and
accounting functions at the mines and corporately, especially at our new gold mine at Tahuehueto.
Lisa will quickly become a valuable leading member of the Vancouver-based team, and her strategic
experience will also help shape Luca’s future. Welcome Lisa .”
The Company also extends its sincere gratitude to Mr. Omar Garcia Abrego for his dedicated service
as the CFO over the last 7 years, significantly contributing to the Company's current success. Mr.
Abrego will continue to support Luca Mining Corp. as a consultant over the coming weeks,
facilitating a seamless transition.
Luca Mining Corp.
Suite 410, 1111 Melville Street
Vancouver, BC, V6E 3V6, Canada
The Company announces that pursuant to its Omnibus Equity Incentive Plan, it has granted
incentive stock options to purchase an aggregate 200,000 shares in the capital stock of the
Company. The options will be exercisable at a price of $0.35 per share for a period of 5 years.
Board Resignation
The Company also announces the resignation of Ralph Shearing from the Board of Directors. Ralph,
the founder of our company, has played an instrumental role in shaping Luca Mining's trajectory
from its inception over 30 years ago. His leadership and unwavering commitment have been a
cornerstone, guiding the company through challenging times in the public markets, ensuring its
survival and growth. While Ralph steps down from the Board, we are pleased to announce that he
will continue to contribute to our future growth as an advisor to the company. We extend our
heartfelt appreciation for his dedication and tireless efforts and wish him continued success in his
future endeavors.
“On behalf of the Company I want to thank Ralph for his dedication to laying the foundations for
Luca to become a successful mining company ”, commented Mike Struthers, CEO. “ On a personal
note, I also want to thank Ralph for ensuring such a smooth transition when I joined Luca. Ralph is
a consummate professional and has always put the interests of the Company and its shareholders
first and foremost. I look forwards to continuing to draw on Ralph’s knowledge of the projects as
we push forwards with our plans for 2024.”
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. With one mine ramping up, and another going through an
optimisation program, the Company expects these operations to achieve consistent positive free
cash flow during 2024.
Luca’s Tahuehueto Mine is a new underground gold mine in northwestern Durango State, Mexico,
located within the prolific Sierra Madre Mineral Belt which hosts numerous producing and historic
mines along its trend. Currently in the final stages of construction to the nameplate capacity of
1,000 tonnes per day, 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 production of 40,000 ounces gold-equivalent per year, with approximately 75%
of the revenues from precious metals, and a 10-year mine life.
Luca Mining Corp.
Suite 410, 1111 Melville Street
Vancouver, BC, V6E 3V6, Canada
The Campo Morado Mine, located in Guerrero State, Mexico, is an operating underground base
and precious metals mine with a throughput of approximately 600,000 tonnes per year, producing
zinc, copper, and lead concentrates with significant precious metals credits. It is currently
undergoing an optimisation program which is already generating significant improvements in
recoveries and grades, and cashflows.
Visit: www.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 demonstrating 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 program to improve
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 preparing
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 the program to improve mining 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 Forward-Looking Information. There
can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events
Luca Mining Corp.
Suite 410, 1111 Melville Street
Vancouver, BC, V6E 3V6, Canada
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.
For further information about Luca Mining Corp., please contact:
Sophia Shane
Director of Corporate Development
or
Glen Sandwell
Corporate Communications Manager
Tel: +1 (604) 684-8071