VANCOUVER, BC, Sept. 18,
2023 /CNW/ - Luca Mining Corp. ("Luca" or the
"Company" (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is
pleased to announce the addition of Ms. Sophia Shane as Director of Corporate
Development.
Ms. Shane brings decades of experience in capital markets,
corporate development and investor relations to Luca following a
career spanning nearly 30 years at the highly successful Lundin
Group of Companies. At the Lundin Group she was involved in
all aspects of marketing, branding, shareholder communications,
corporate access, financing, regulatory compliance as well as media
relations.
Her focus throughout the years has been to provide the very best
in shareholder information. She also brings considerable strategic
experience in IR and corporate development, and will add great
strength to the existing Luca team.
Sophia has been a Director of several public companies including
Anfield Ventures which ultimately became Equinox Gold, and is
currently a Director of Interfield Global Software Inc.
(IFSS:NEO). She was a Fellow of CSI (FCSI®) and early in her
career an Investment Advisor at Odlum Brown Ltd.
Mike Struthers, CEO, commented:
"We're very excited to welcome Sophia into the Luca fold. She
brings an enormous amount of experience in the IR space, having
helped the Lundin Group grow from their very early days to what
they are today. I'm very much looking forwards to working with
Sophia to help grow Luca into a very successful mining
company."
The Company announces that pursuant to its Omnibus Equity
Incentive Plan, it has granted incentive stock options entitling
Employees and Consultants to purchase an aggregate 225,000 shares
in the capital stock of the Company. The options will be
exercisable at a price of $0.35 per
share for a period of 5 years.
About Luca Mining Corp.
Luca Mining Corp. is a Canadian based mining company operating
two 100% owned Mexican gold, silver, and base metal mining
projects.
Luca's Tahuehueto Gold Mine Project is in Durango State,
Mexico where construction of a
1,000 tonnes per day ("tpd") operation is expected to
complete by 4Q2023. The project is in pre-production generating
gold, silver, lead, and zinc in concentrates.
Campo Morado is an operating
polymetallic base and precious metals mine producing zinc and
copper concentrates with significant precious metals credits.
Visit: www.Lucamining.com
On Behalf of the Board of Directors
(signed) "Mike Struthers"
Mike Struthers, CEO and
Director
Cautionary Note Regarding Production
Decisions and Forward-Looking Statements
It should be noted that Luca declared commercial production at
Campo Morado prior to completing a
feasibility study of mineral reserves demonstrating economic and
technical viability. Accordingly, readers should be cautioned that
Luca's production decision has been made without a comprehensive
feasibility study of established reserves such that there is
greater risk and uncertainty as to future economic results from the
Campo Morado mine and a higher
technical risk of failure than would be the case if a feasibility
study were completed and relied upon to make a production decision.
Luca has completed a preliminary economic assessment ("PEA") mining
study on the Campo Morado mine
that provides a conceptual life of mine plan and a preliminary
economic analysis based on the previously identified mineral
resources (see News Release dated November
8, 2017, and April
4,2018).
Statements contained in this news release that are not
historical facts are "forward-looking information" or
"forward-looking statements" (collectively, "Forward-Looking
Information") within the meaning of applicable Canadian securities
laws. Forward Looking Information includes, but is not limited to,
disclosure regarding the planned recommencement of mining
operationsty6 at Campo Morado; and
other possible events, conditions or financial performance that are
based on assumptions about future economic conditions and courses
of action; the timing and costs of future activities on the
Company's properties, such as production rates and increases;
success of exploration, development and bulk sample processing
activities, and timing for processing at its own mineral processing
facility on the Tahuehueto project site. In certain cases,
Forward-Looking Information can be identified using words and
phrases such as "plans," "expects," "scheduled," "estimates,"
"forecasts," "intends," "anticipates" or variations of such words
and phrases. In preparing the Forward-Looking Information in this
news release, the Company has applied several material assumptions,
including, but not limited to, that the current exploration,
development, environmental and other objectives concerning the
Campo Morado Mine and the Tahuehueto Project can be achieved; that
recommencement of operations at Campo
Morado will proceed as planned; the continuity of the price
of gold and other metals, economic and political conditions, and
operations. Forward-Looking Information involves known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance, or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the Forward-Looking
Information. There can be no assurance that Forward-Looking
Information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
Forward-Looking Information. Except as required by law, the Company
does not assume any obligation to release publicly any revisions to
Forward-Looking Information contained in this news release to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Luca Mining Corp.