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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Bermejal Underground | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 10/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-10-2017: Leagold Mining Corp. announces an Exploration/Drilling Update report for its Bermejal Underground deposit at the Los Filos project. Drilling results incl. 3.15m @ 84.49g/t Au from 437.95m. Vancouver, October 18, 2017 – Leagold Mining Corporati | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Doug Reddy (Internal) | |
| ABSTRACT: | Vancouver, October 18, 2017 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) is pleased to report additional infill drilling results from Bermejal Underground including 30.9 grams per tonne (“gpt”) over 3.0 metres, 5.3 gpt over 27.4 metres including 5.8 gpt over 11.8 metres and 4.1 gpt over 14.1 metres (all capped grades and true widths; see Table 1). These results are part of 26 holes being reported from the infill and stepout exploration program at the Bermejal Underground deposit at the Los Filos Mine, following 40 holes reported on July 13, 2017 and August 31, 2017. All of the drilling results up to August 31, 2017 were incorporated in an interim resource estimate that was reported October 16, 2017. The drill holes reported in this news release, and the results from the continuing program, will be incorporated in an updated resource estimate to be reported at the end of 2017. To date 66 holes have been reported, 13 are in progress and 7 are in the process of sampling or assaying. Over 38,581 metres (69%) of the 56,000 metre Bermejal Underground program have been completed. Neil Woodyer, CEO stated: “The drilling program has been very successful in adding mineral resources, as demonstrated by the significant increase in the interim Measured and Indicated Resources and additional Inferred Resources reported on October 16. Our drilling program is continuing with 13 active drill rigs and 41 additional holes to be completed by year end. The exploration program at Bermejal is exceeding our expectations.” | |
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