MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 12.Jan.2026, Words: ) — Luca Mining Corp. announced new surface and underground drill results from its ongoing phase 2 exploration programs at the Campo Morado polymetallic VMS mine in Guerrero State, Mexico.
These results confirm that Reforma hosts a larger and more gold-rich VMS system than previously understood, with grades and widths that compare favorably to historical drilling, according to Luca exploration VP Paul D. Gray.
“Importantly, this mineralization is located close to existing underground infrastructure, which enhances its potential to be incorporated into near-term mine plans. Based on the strength and consistency of these intercepts, Luca has expanded drilling at Reforma and mobilized a second surface rig to accelerate testing of additional high-priority targets across the Campo Morado camp. With multiple untested VMS prospects and strong precious-metal enrichment, we see a potential opportunity to continue building mineable inventory and long-term value at Campo Morado,” Gray said on 12 Jan. 2026 in an official statement.
Other highlights include:
— continued success defining wide, high-grade, gold-rich VMS mineralization at the Reforma Deposit and in areas immediately adjacent to active underground workings at Campo Morado
— surface drillhole CMRF25-13 intersected 25.1m of 8.31 g/t AuEq**, including 4.9m of 11.32 g/t AuEq
— surface drillhole CMRF25-15 returned 55.8 m of 5.90 g/t AuEq, including 7.7 m of 10.09 g/t AuEq
— underground drillhole CMUG-25-25 intersected 4m of 1.04% Cu from a previously unmined zone within ~60m of existing underground workings
— gold- and silver-enriched VMS mineralization shown to be higher grade and more extensive than historically modeled
— second surface drill rig mobilized to test undrilled high-priority VMS targets across the Campo Morado camp
— 7,218m of surface drilling and 8,440m of underground drilling completed to date, and
— metallurgical samples from Reforma and El Rey collected for updated recovery testing
The latest drilling at the Reforma deposit and adjacent near-mine targets confirms robust, gold-rich VMS mineralization, laterally extensive and positioned close to existing underground development.
This combination supports the potential for near-term conversion of exploration success into mineable resources, increased precious-metal contribution to mill feed, and incremental mine-life extension with limited new infrastructure requirements
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By Fidencio Casillas reporting from Mexico City. © 1999-2026 Energy Analytics Institute (EAI). All Rights Reserved.
