VANCOUVER, BC, March 3,
2025 /CNW/ - Luca Mining Corp. ("Luca" or
the "Company") (TSXV: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) is
pleased to announce that Mr. Adam
Melnyk, P.Eng. CFA, has joined Luca as VP Corporate
Development to oversee, manage and execute the Company's business
development and business growth initiatives. Adam Melnyk is an experienced mining executive
with demonstrated management, leadership, analytical and execution
capabilities.
Dan Barnholden, CEO, commented,
"Adam brings over 20 years of mining sector experience to the
Company with particular expertise in strategic business development
planning and asset evaluation. I have had the privilege of working
with Adam in his prior roles as a research analyst and hold him in
the highest esteem. Luca is rapidly achieving each of its corporate
and operational objectives and we are now setting our sights on
opportunities in the Mexican mining sector where we can apply our
business strategy of Optimize, Explore and Expand. We believe that
now is an excellent time to be considering growth opportunities and
Adam's unique perspectives and skills will be instrumental to the
success of this initiative."
Adam Melnyk, P.Eng.,
CFA
Before joining Luca, Mr. Melnyk was employed as
Executive Vice President of Business Development at Victoria Gold
Corp. Previously, he was the Head of Mining Research at Sun Valley
Gold LLC, an SEC-registered Investment Advisor and Hedge Fund. In
addition, he has worked in Equity Research with both bank-owned and
independent investment dealers, where he developed a reputation for
thoughtful independent analysis and maintained a strong client
base. Prior to the financial industry, Adam was employed as a
Mining Engineer with Golder Associates and worked in the
Exploration Division of Goldcorp's Red
Lake mine.
Adam holds a B.Sc. in Geological Engineering (Hons) from Queen's
University in Kingston, Ontario
and is registered as a Professional Engineer (P.Eng.) with the Association of Professional
Engineers and Geoscientists of British
Columbia (APEGBC). He is also a CFA Charterholder.
Mr. Melnyk commented, "I am very pleased to join the Luca
team as VP Corporate Development. Luca is on the cusp of
transformative growth, and I look forward to contributing to this.
Luca's operating platform in Mexico provides significant opportunities for
both organic and non-organic growth. It is an exciting time at Luca
and I am looking forward to playing a role in the creation of
further per-share value for stakeholders."
Stock Option Grant
The Company announces that it has
granted 600,000 incentive stock options ("Options") to Mr. Melnyk
in accordance with Luca's omnibus equity incentive plan. The grant
of the Options is subject to approval by the TSX Venture
Exchange.
About Luca Mining Corp.
Luca Mining (TSX-V: LUCA,
OTCQX: LUCMF, Frankfurt: Z68) is a diversified Canadian mining
company with two 100%-owned producing mines within the prolific
Sierra Madre mineralized belt in
Mexico which hosts numerous
producing and historic mines along its trend. The Company produces
gold, copper, zinc, silver and lead from these mines that each have
considerable development and resource upside.
The Campo Morado mine, is an
underground operation located in Guerrero
State. It produces copper-zinc-lead concentrates with
precious metals credits. It is currently undergoing an optimization
program which is already generating significant improvements in
recoveries and grades, efficiencies, and cashflows.
The Tahuehueto Gold, Silver Mine is a new underground operation
in Durango State. which hosts numerous producing and historic mines
along its trend. The Company is commissioning its mill and is
expected to achieve commercial production by the end of the
year.
On Behalf of the Board of Directors
(signed) "Dan
Barnholden"
Dan Barnholden, Chief Executive
Officer
For more information, please visit: www.lucamining.com
Cautionary Note Regarding Forward-Looking Statements
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,
estimated timing of the 2025 Tahuehueto exploration program and
other possible events, conditions or performance that are based on
assumptions about the proposed exploration program and its
anticipated results; the timing and costs of future activities on
the Company's properties, such as production rates and increases;
success of exploration, development, 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 Company will be able to
raise additional capital as necessary; the current exploration,
development, environmental and other objectives concerning the
Tahuehueto Project can be achieved; the commissioning of the
Tahuehueto mill will proceed as planned in 2025; the continuity of
the price of gold and other metals and economic and political
conditions. 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.