Luca Mining announces the start of an exploration drilling campaign at the Tahuehueto gold mine in Durango State, Mexico.
The Tahuehueto property comprises a large, epithermal gold/silver vein system and this campaign is the first significant exploration drill program on the property in over 10 years. The Company expects the current campaign to include up to 5,000 metres of diamond core drilling in 26 holes from underground over the next 4-6 months. The drill plan takes advantage of recently developed areas to potentially extend the resource along the modeled veins.
Dan Barnholden, CEO, commented, "Tahuehueto is a brand new mine which will soon be in commercial production. There are all the indicators of significant resource expansion potential at this project, and I am excited that our recently completed financing enables us to not only explore that potential but expeditiously. We have barely scratched the surface at Tahuehueto, and we are focused on unlocking all potential value for shareholders. Tahuehueto, and this new drill program, will provide ongoing drill results and steady material news flow for investors over the coming months and into the new year."
Mineralization is open along strike and at depth for most of the modeled resource area and the objective of the current campaign will be a combination of infill and step-out drilling to determine the vertical and lateral extent of mineralization as well as to identify mineralized brecciated zones within the epithermal vein system.
In addition to the four veins that make up the mineralized resource, there are at least 14 additional prospective veins or splays in the current concession area that show a potential to host low-sulphidation epithermal mineralization.
Luca Mining is a diversified Canadian mining company with two 100%-owned producing mines within the prolific Sierra Madre mineralized belt in Mexico.