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VANCOUVER, BC, Jan. 30, 2026 /PRNewswire/ - Luca Mining Corp. ("Luca" or the "Company") (TSXV:LUCA) (OTCQX:LUCMF) (Frankfurt: Z68) reports new drill results from its ongoing Phase 2 exploration program at the Campo Morado polymetallic VMS mine in Guerrero State, Mexico, including the first drilling at the El Rey deposit in over 14 years.Initial results indicate thick, gold- and silver-rich VMS mineralization at El Rey, an unmined deposit located approximately 200 metres from the Reforma deposit and close to existing underground infrastructure, supporting its potential inclusion in the longer-term Campo Morado mine plan.HighlightsFirst drilling at the El Rey VMS deposit in over 14 years confirms thick, high-grade gold- and silver-rich mineralization28.6 m of 5.35 g/t AuEq**, including 2.8 m of 12.55 g/t AuEq (CMRY-25-02)21.0 m of 6.13 g/t AuEq, including 2.2 m of 25.38 g/t AuEq (CMRY-25-06)El Rey is an unmined VMS deposit ~200 m from the Reforma deposit, close to existing underground infrastructureMineralization extends beyond historical models, particularly to depth and along the western marginResults support mine life extension and improved production flexibility at Campo MoradoFigures 1 through 7 present cross-sections and assay results from the initial El Rey drillholes. Figure 8 presents the 2026 exploration drill program targets.El Rey Deposit – Surface Drilling ResultsSurface drillholes CMRY-25-01 through CMRY-25-07 were collared within and around the El Rey and Reforma deposits and intersected notable intervals of massive sulphide mineralization (See Table 1), including:Drilling targeted the central and eastern portions of the El Rey deposit to confirm grade continuity, improve geological definition, and test expansion potential beyond historical interpretations. Drillhole CMRY-25-05 extended mineralization by more than 30 metres beyond the previously modeled deposit boundary, highlighting the potential to increase mineral resources through continued drilling.Exploration Program UpdateTwo surface drill rigs are currently operating at Campo Morado in parallel with ongoing underground diamond drilling. Together, these programs are targeting previously undrilled, high-priority VMS targets across the Camp, as well as continued drilling at the Reforma and El Rey deposits.To date, approximately 8,200 m of surface drilling and 8,700 m of underground drilling have been completed. Underground drilling continues to target the Largo, Largo Norte, Naranjo and Fish deposits, all of which form part of the 2026–2028 mine plans.Exploration activities are focused on near-mine and resource expansion targets, with the objective of extending mine life and improving production flexibility.Paul D. Gray, Luca's VP of Exploration, commented:"The first drilling at El Rey in over 14 years has confirmed the presence of thick, gold- and silver-rich VMS mineralization and has meaningfully extended the deposit beyond previous interpretations, particularly along its western margin and at depth. El Rey shares key geological characteristics with the nearby Reforma deposit and represents an additional unmined source of mineralization with clear potential to support mine life extension and improve production flexibility at Campo Morado. Current interpretations suggest El Rey is a faulted-off portion of the Reforma deposit, opening up exploration potential both laterally and at depth for discovery of additional VMS mineralization. Drilling has also commenced at the Zapata target, where previously undrilled coincident gravity and geochemical anomalies have been identified. Zapata is one of 38 prospective targets defined within the Campo Morado concessions, and Luca looks forward to advancing these targets in the first half of 2026, with strong confidence in the potential for new VMS-style mineralized zones."Table 1: Highlighted Diamond Drill Assay Results from El Rey Surface Drillholes CMRY-25-01 through CMRF-25-07.Hole IDFromToInterval*Au g/tAg g/tCu %Pb %Zn %AuEq** g/tLogged Recovery (%)CMRY-25-01183.1208.024.92.0078.660.610.552.405.4499Including183.1187.14.00.2727.420.810.160.432.23100And including187.1Full story available on Benzinga.com
