10:21 AM EST, 11/12/2025 (MT Newswires) -- Luca Mining ( LUCMF ) on Wednesday launched a three-year, US$25 million exploration program to unlock the high-grade gold potential of its Campo Morado and Tahuehueto mining operations in Mexico.

The campaign includes 80,000 meters of diamond drilling to expand and define high-grade gold resources, with 20,000 meters planned in 2026 and 60,000 meters planned in 2027-2028.

Luca said it has identified 38 priority targets at Campo Morado while it plans to conduct near-mine and brownfields drilling at Tahuehueto.

"With operating mills at both Campo Morado and Tahuehueto, we believe the potential is high for the discovery of new mineralization that can feed these mills and add to our near-term production profiles at both operations," Chief Executive Officer Dan Barnholden said.

Luca's share price rose 1.6% at last look to $1.29 on the TSX Venture Exchange.

Price: 1.32, Change: +0.06, Percent Change: +4.76