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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Bermejal Underground | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 12/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-12-2017: Leagold Mining Corp. announces an Exploration/Drilling Update report for its Bermejal Underground deposit at the Los Filos project. Drilling results incl. 17.05m @ 7.25g/t Au from 490.65m. Vancouver, December 12, 2017 – Leagold Mining Corporat | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Doug Reddy (Internal) | |
| ABSTRACT: | Vancouver, December 12, 2017 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or “the Company”) has completed the Bermejal Underground drill program at the Los Filos mine in Mexico. The program totalled 56,191 metres in 111 holes. Highlights of 10 new holes include 7.0 grams per tonne (“gpt”) over 16.0 metres, 11.0 gpt over 8.6 metres, and 8.4 gpt over 10.6 metres (all capped grades and true widths; see Table 1). These results follow 86 holes previously reported. The remaining 15 holes are in the process of being sampled and assayed. Leagold CEO Neil Woodyer stated: “The large-scale drill program commenced in April and has been completed on schedule. The program delineated several new areas of high-grade mineralization and has greatly increased the Measured and Indicated resources, based on data available as of August 31, 2017. A further update of the Bermejal Underground mineral resource estimate is in progress and is expected before year end. In addition, the Bermejal Underground ramp development has advanced 175 metres to date and is on track to reach the test mining area in Q2 of next year. “Operations continue to benefit from improvements made earlier this year. The agglomerator and new overland conveyor will come on line in early 2018. With mine production of 173,551 ounces of gold up to November 30, we remain well positioned to achieve our full year production guidance of 185,000 to 200,000 ounces.” | |
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