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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Bermejal Underground | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 7/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-7-2017: Leagold Mining Corp. announces an Exploration/Drilling Update report for its Bermejal Underground deposit at the Los Filos project. Drilling results incl. 18.8m @ 7.2g/t Au from 116.75m. Vancouver, July 13, 2017 – Leagold Mining Corporation (TS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Doug Reddy (Internal) | |
| ABSTRACT: | Vancouver, July 13, 2017 – Leagold Mining Corporation (TSX-V: LMC) (“Leagold” or the “Company”) is pleased to report drilling results for the first 20 holes of its infill and step-out exploration program at the Bermejal Underground deposit at the Los Filos Mine. Highlightsfrom this program include 7.2 grams per tonne (“gpt”) over 18.8 metres, 6.8 gpt over 13.3 metres and 26.3 gpt over 2.0 metres (all capped grades and true widths; see Table 1) from the oxide zone of the Bermejal Underground deposit. Neil Woodyer, CEO stated “these drilling results show the consistency of mineralization along the contacts of the Bermejal intrusive and sill. Infill holes are tightening up the drill hole spacing and will enable an upgrade of the resource classification. These holes are also filling in gaps in the resource model which, when combined with the step-out holes, will increase the overall mineral resource. To date, 18 of the 20 holes drilled have intercepted high-grade mineralization – this high success rate also indicates the potential for both the consistency and expansion of the deposit. In addition to the drilling program, Leagold is also progressing with engineering studies in preparation for underground development. Work to date confirms that Bermejal is a valuable mine development project that will enhance production and extend mine life at Los Filos”. | |
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