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Luca Mining Provides New Underground Drill Results From Ongoing Exploration Program at Campo Morado Polymetallic VMS mine in Guerrero State

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-- Luca Mining's (LUCA.V) underground drillhole CMUG-26-37 through CMUG-26-41, from its ongoing exploration program at the Campo Morado polymetallic VMS mine in Guerrero State, Mexico, targeted the Largo Norte zone and "successfully" intersected mineralization in each of these drillholes from this unmined zone, it said Tuesday.

Underground drillhole CMUG-26-38 intersected 118.2 metres (m) of 2.53 grams per tonne (g/t) gold (Au), 77.89 g/t silver (Ag), 0.76% copper (Cu), 0.57% lead (Pb) and 1.99% zinc (Zn) from 179.9m, defining expanded mineralization in the unmined Largo Norte zone. Underground drillhole CMUG-26-39 intersected 100.7m of 2.80 g/t Au, 90.72 g/t Ag, 0.59% Cu, 0.71% Pb and 2.59% Zn from 113.0m, expanding previously defined mineralization in the unmined Largo Norte zone.

The company's underground drillhole CMUG-26-37 intersected 77.1m of 2.31 g/t Au, 47.05 g/t Ag, 0.77% Cu, 0.24% Pb and 0.96% Zn from 182.0m and underground drillhole CMUG-26-41 intersected 71.0m of 1.57 g/t Au, 20.12 g/t Ag, 0.72% Cu, 0.07% Pb and 0.39% Zn from 113.5m.

Drilling continues at Reforma and El Rey, in conjunction with on-going underground drilling planned to target the Largo, Largo Norte, Naranjo and Fish deposits, which all contribute to the 2026-2028 mine plans, it added.

Shares of the company closed up 1.5% to $1.4 on Monday on the TSX Venture Exchange.

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