Luca Mining Acquires Concession Near Tahuehueto Gold Mine in Mexico

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Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Luca Mining (Vancouver, British Columbia) acquired a 100% interest in the Humaya 3 mining concession from Minera Mexicana La Cienaga, a subsidiary of Fresnillo, for a total of US$400,000. The Humaya 3 concession is 2,500 hectares that surround Luca Mining's Tahuehueto mine in Durango, Mexico.

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With the acquisition, the company expands its land access areas by approximately 25%, enabling it to boost its exploration efforts in the area and connect it to an existing mine.

The Tahuehueto mine is a 100-square-kilometer asset with gold and silver mineralization. The mine company has invested US$30 million to develop the project, which began commercial production in 2025 with the capacity to process 1,000 tons per day.

The asset has measured and indicated gold reserves of 424,000 ounces, as well as 9.5 million ounces of measured and indicated silver resources.

During the second quarter, the Tahuehueto averaged a processing rate of 905 tons per day, producing a total of 6,755 gold-equivalent ounces, a 44% year on year increase. During the same period, the company initiated a two-phase underground drilling campaign aimed at expanding its mineral resources.

For this year, Luca Mining expects to produce between 31,000 to 36,000 ounces of gold equivalent from the Tahuehueto mine.

Dan Barnholden, Luca's chief executive, commented: "Acquiring this strategic mining concession, which directly surrounds our Tahuehueto Mine, aligns with our growth strategy as we add value to our assets. Luca will continue to demonstrate our ability to increase shareholder value through our commitment to exploration and discovery programs. This ground will play a key role in our near-term exploration strategy at Tahuehueto as we expand our exploration efforts."

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