Luca Mining - Production, Development and Exploration Updates At The Campo Morado and Tahuehueto Mines
Ramon Perez, President and CEO of Luca Mining (TSX.V:LUCA - OTCQX:LUCMF - FSE:TSGA) joins me to provide a production update and growth outlook at the Company's Tahuehueto and Campo Morado Mines, both in Mexico.
We begin with the progress at the Tahuehueto Project, which is ramping up production to reach 1,000 tons per day by mid to late June. Currently, the mine is processing between 500-600 tons per day, with the final component, a third filter press, recently installed and awaiting finalization of electrical setups. This milestone is expected to bring Tahuehueto into commercial production by the third quarter of this year.
At the Campo Morado mine, significant improvements have been made on the recoveries front. Through recent metallurgical testing, copper recovery rates jump from 40% to 70%. With a relatively modest $2.5 million in capital expenditure, I ask Ramon what this would mean for the overall economics of the mine moving forward and when investors will see these improvements in production data.
We then discuss ongoing exploration activities, that recently found a new high-grade gold zone at Tahuehueto. Ramon outlines the exploration plans that will happen in tandem with production growth.
If you have any follow up questions please email me at Fleck@kereport.com.
Click here to visit the Luca Mining website to learn more about the Company and both assets.
