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Altaley Mining Corporation ( (TSE:LUCA) ) has provided an announcement.
Luca Mining has reported strong initial Phase 2 drill results from the El Rey deposit at its Campo Morado mine, marking the first drilling there in more than 14 years and confirming thick, high-grade gold- and silver-rich VMS mineralization close to existing underground infrastructure. Multiple surface drill holes returned substantial gold-equivalent intercepts and demonstrated that mineralization extends beyond historical models, particularly at depth and along the western margin, indicating potential to grow resources, lengthen mine life and improve production flexibility at Campo Morado, while two surface rigs and underground drilling continue to test additional near-mine and resource expansion targets across the camp, including Reforma and new targets such as Zapata.
The most recent analyst rating on (TSE:LUCA) stock is a Hold with a C$2.00 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 score is held back primarily by weak financial performance—ongoing losses and negative free cash flow despite revenue growth and improved leverage. Technicals are supportive with a clear uptrend, but overbought signals raise near-term risk. Valuation is constrained by a negative P/E and no provided dividend yield.
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 operating and exploring the Campo Morado polymetallic volcanogenic massive sulphide (VMS) mine in Guerrero State, Mexico. The mine produces a mix of metals including gold, silver, copper, lead and zinc, and Luca’s current strategy emphasizes near-mine exploration and resource expansion to extend mine life and enhance production flexibility across multiple deposits on the property.
Average Trading Volume: 429,230
Technical Sentiment Signal: Buy
Current Market Cap: C$525.9M
Learn more about LUCA stock on TipRanks’ Stock Analysis page.