Luca Intersects 4.7 Metres of 6.7 g/t Gold Equivalent at Tahuehueto Mine - A New High-Grade Breccia Zone Discovery
Luca’s drilling confirms near-mine vein extensions, though modest grades will not re-rate the producer.
Luca Mining Corp. (LUCA) has reported assay results from the Creston vein system at the Tahuehueto mine, highlighting a new high-grade breccia zone with mineralization located within 20–35 meters of existing Level 20 workings.
Key drill intercepts include:
- Hole DDH26-246 returned 4.7 m (core length) grading 6.73 g/t AuEq, including 0.6 m at 14.80 g/t AuEq.
- Underground hole TRT26-06 returned 1.7 m at 13.27 g/t AuEq.
- Hole DDH26-SU-14 returned 4.5 m at 4.21 g/t AuEq.
- Hole DDH26-245 returned 2.8 m at 6.90 g/t AuEq, with narrow high-grade intervals up to 10.37 g/t AuEq over 1.2 m.
- A step-out hole on the El Rey vein intersected 3.7 m at 2.98 g/t AuEq.
Luca Mining Corp. (LUCA) is a producer operating two mines, a status that typically means drill results carry less weight than those from exploration-stage companies. The latest results do not significantly alter the resource base, adding only a small volume of high-margin ounces near current workings with an incremental impact on mine life.
The stock has been in a downtrend from $2.05 in January 2026 to $0.97 in June 2026, reflecting broader concerns about operational performance or metal prices. While the drill result is positive for the near-term mine plan, it is not transformative.
Luca Mining Corp. (LUCA) is a Canadian-listed mid-tier producer operating two underground mines in Mexico: Campo Morado in Guerrero and Tahuehueto in Durango. Campo Morado is a VMS-style polymetallic mine producing zinc, copper, gold, silver, and lead, with a throughput of approximately 2,000 tpd. Tahuehueto is a newly built epithermal gold-silver vein mine that has reached commercial production at a rate exceeding 1,000 tpd.
The company reported 2025 production of 26,144 oz of gold, 1.33 moz of silver, and base metals, generating revenue of $176.8M. For the first quarter of 2026, Luca Mining recorded revenue of $57.6M and net income of $12.6M, maintaining a strong cash position of $36.4M with minimal debt. The company’s exploration budget is $25M over three years, and the current drill result is part of this program.