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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Bermejal Underground | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-1-2018: Leagold Mining Corp. announces an Exploration/Drilling Update report for its Bermejal Underground deposit at the Los Filos project. Drilling results incl. 14.3m @ 20.22g/t Au from 557.3m. Vancouver, January 8, 2018 – Leagold Mining Corporation ( | |
| Resources: | (Resource, M+I): 10.78Mt @ 5.97g/t Au, 21.51g/t Ag | |
| CP/QP: | [Overall Report]: Doug Reddy (Internal) | |
| ABSTRACT: | Vancouver, January 8, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) reportsresults forthe final 15 drill holes at the Bermejal Underground project at the Los Filos gold mine in Mexico. Highlights are all from the Central zone and include 18.0 grams per tonne (“gpt”) over 14.1 metres, including 31.4 gpt over 7.3 metres; 7.6 gpt over 14.3 metres, including 18.3 over 4.0 metres; and 22.4 gpt over 1.8 metres (all capped grades and true widths; see Table 1). Leagold CEO Neil Woodyer stated: “On closing of the acquisition last spring, we immediately launched an aggressive drill program to unlock the potential of the Bermejal Underground deposit. The exploration team has done a great job completing this important program on schedule and working with our consultants to produce updated resource estimates that doubled our Measured and Indicated resources. Today’s results are consistent with what we have encountered throughout the drill program to date, and several areas of high-grade mineralization have been defined. We continue development of the underground ramp which has now advanced to 281 metres, and expect to have access to a test mining area by mid year. The expansion of the resource and development of the project are delivering value to our shareholders.” These final 15 holes are part of the infill and step-out exploration drill program launched in April and completed in December 2017. The objective of the program was to expand the known Bermejal Underground resource base and increase resource classification in support of future feasibility level studies and development decisions. A total of 111 holes were drilled comprising 56,280 metres. The drill holes reported in this news release will be incorporated into a final resource estimate for year-end reporting. | |
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