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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Bermejal Underground | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 4/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-4-2017: Leagold Mining Corp. announces an Exploration/Drilling Update report for its Bermejal Underground deposit at the Los Filos project. Drilling results incl. 85.90m @ 25.3g/t Au from 585.15m (uncapped). Vancouver, April 12, 2017 – Leagold Mining C | |
| Resources: | (Resource, M+I): 4.735Mt @ 6.65g/t Au, 22.37g/t Ag at Bermejal Underground | |
| CP/QP: | [Overall Report]: Doug Reddy (Internal) | |
| ABSTRACT: | Vancouver, April 12, 2017 – Leagold Mining Corporation (TSX-V: LMC) (“Leagold” or the “Company”) is pleased to report drilling results at its recently acquired Los Filos Gold Mine with highlights of 18.5 grams per tonne (“gpt”) over 29.2 metres and 12.4 gpt over 21.6 metres, including 17.6 gpt over 9.2 metres (all capped grades and true widths; see Table 1) from the oxide zone of the Bermejal Underground deposit. These drill holes were part of an infill and geotechnical program completed in Q1 2017 and were not included in Leagold’s recently filed NI 43-101 Technical Report for the Los Filos Mine. Neil Woodyer, CEO stated “The infill drilling results are exceptional and confirm the widths and grades in the widest and higher grade portion of the Bermejal Underground deposit. We are initiating a $7.7 million step-out and infill drilling program of 56,000 metres to add more resources to Bermejal Underground. Los Filos currently operates two open pit mines, Los Filos and Bermejal, and one underground mine at Los Filos. The Bermejal Underground project presents the opportunity to develop a second underground mine to both expand gold production and extend mine life. The results to date confirm the high quality and significant exploration upside potential of Bermejal Underground.” | |
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