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Altaley Mining Corporation ( (TSE:LUCA) ) has provided an announcement.
Luca Mining has reported strong Phase 2 exploration results from its Campo Morado mine, with surface drilling at the Reforma Deposit intersecting wide, high-grade, gold-rich VMS zones, including 55.8 metres grading 5.90 g/t gold equivalent and 25.1 metres at 8.31 g/t gold equivalent. Underground drilling has also identified new copper-bearing mineralization within about 60 metres of current workings, underscoring potential to rapidly convert discoveries into mineable resources and extend mine life with minimal new infrastructure. In response to these results, the company has expanded its exploration program by adding a second surface drill rig, advancing over 7,000 metres of surface and more than 8,000 metres of underground drilling to date, while collecting metallurgical samples from Reforma and El Rey to refine recovery and support inclusion of these zones in the 2026–2028 mine plans.
The most recent analyst rating on (TSE:LUCA) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Altaley Mining Corporation stock, see the TSE:LUCA Stock Forecast page.
Spark’s Take on TSE:LUCA Stock
According to Spark, TipRanks’ AI Analyst, TSE:LUCA is a Neutral.
The overall stock score of 50 reflects a company with significant financial challenges, particularly in profitability and liquidity, despite some revenue growth. Technical analysis indicates short-term positive momentum, but valuation metrics highlight ongoing financial struggles. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:LUCA stock, click here.
More about Altaley Mining Corporation
Luca Mining Corp. is a Canadian mining company focused on the exploration and production of polymetallic volcanogenic massive sulphide (VMS) deposits at its Campo Morado mine in Guerrero State, Mexico, with a particular emphasis on gold-, silver-, copper- and zinc-bearing mineralization close to existing underground workings.
Average Trading Volume: 388,710
Technical Sentiment Signal: Buy
Current Market Cap: C$391M
Learn more about LUCA stock on TipRanks’ Stock Analysis page.