Exploration Drilling at Tahuehueto Gold Mine in Mexico
Luca Mining has initiated an exploration drilling campaign at the Tahuehueto gold mine in Durango State, Mexico.
Under the drilling campaign, Luca plans to undertake up to 5,000m of diamond core drilling in 26 holes from underground within the next four to six months.
Exploration Efforts at Tahuehueto Property
The 7,492ha Tahuehueto property features a large, epithermal gold/silver vein system. It covers at least 12 mineralised zones hosted within a structurally controlled epithermal system that has been traced for more than 6km.
The current drilling campaign aims to leverage newly developed areas to potentially expand the resource along the projected veins.
Focusing on Mineralisation Reach
It will focus on infill and step-out drilling to ascertain the vertical and lateral reach of mineralisation, as well as to discover mineralised brecciated zones within the vein system.
Luca Mining said its recent operations on Level 23 revealed high-grade mineralisation, with average gold concentrations of 3.30 grams per tonne (g/t) across vein widths reaching up to 20m, including peak values of 65.04g/t of gold in ore shoots branching from the main Creston vein.
Expanding Prospective Veins
The property not only encompasses the four veins that constitute the mineralised resource but also includes at least 14 additional prospective veins or splays within the concession area.
These structures may represent extensions of the existing resource and are believed to have the potential to host low-sulphidation epithermal mineralisation.
CEO’s Perspective
Luca Mining CEO Dan Barnholden expressed excitement about the project’s potential and the ongoing exploration efforts, aiming to unlock significant value for shareholders.
He mentioned the progress made at Tahuehueto and the focus on delivering positive results through the drill programme in the upcoming months.
Investment in Exploration and Development
Luca Mining has invested more than $30m (C$41.45m) in exploration, prefeasibility studies, and mine development at Tahuehueto, with a processing plant under construction for targeted commercial production in 2024.
Exploration Drilling at Tahuehueto Gold Mine in Mexico
Luca Mining has initiated an exploration drilling campaign at the Tahuehueto gold mine in Durango State, Mexico.
Under the drilling campaign, Luca plans to undertake up to 5,000m of diamond core drilling in 26 holes from underground within the next four to six months.
Exploration Efforts at Tahuehueto Property
The 7,492ha Tahuehueto property features a large, epithermal gold/silver vein system. It covers at least 12 mineralised zones hosted within a structurally controlled epithermal system that has been traced for more than 6km.
The current drilling campaign aims to leverage newly developed areas to potentially expand the resource along the projected veins.
Focusing on Mineralisation Reach
It will focus on infill and step-out drilling to ascertain the vertical and lateral reach of mineralisation, as well as to discover mineralised brecciated zones within the vein system.
Luca Mining said its recent operations on Level 23 revealed high-grade mineralisation, with average gold concentrations of 3.30 grams per tonne (g/t) across vein widths reaching up to 20m, including peak values of 65.04g/t of gold in ore shoots branching from the main Creston vein.
Expanding Prospective Veins
The property not only encompasses the four veins that constitute the mineralised resource but also includes at least 14 additional prospective veins or splays within the concession area.
These structures may represent extensions of the existing resource and are believed to have the potential to host low-sulphidation epithermal mineralisation.
CEO’s Perspective
Luca Mining CEO Dan Barnholden expressed excitement about the project’s potential and the ongoing exploration efforts, aiming to unlock significant value for shareholders.
He mentioned the progress made at Tahuehueto and the focus on delivering positive results through the drill programme in the upcoming months.
Investment in Exploration and Development
Luca Mining has invested more than $30m (C$41.45m) in exploration, prefeasibility studies, and mine development at Tahuehueto, with a processing plant under construction for targeted commercial production in 2024.
