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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Los Filos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 5/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-5-2018: Leagold Mining Corp. announces an Exploration/Drilling Update report for its Los Filos deposit at the Los Filos project. Drilling results incl. 7.2m @ 31.48g/t Au from 99.45m. Vancouver, May 7, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:L | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Douglas Reddy (Internal) | |
| ABSTRACT: | Vancouver, May 7, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) reports drilling results for the Los Filos Underground mine in Mexico. Highlights are from the Nukay, Conchita and Creston Rojo deposits and include 24.2 grams per tonne (“gpt”) over 4.10 metres; 23.6 gpt over 6.95 metres; and 9.1 gpt over 8.69 metres respectively (all capped grades and true widths; see Table 1). Los Filos currently operates two open pit mines, Los Filos and Bermejal, and one underground mine at Los Filos. The Los Filos Underground mine provides high grade (5 to 8 g/t Au) ore at a mining rate of 1,500 tonnes of ore per day. The Los Filos Underground mine is comprised of two sectors: the Norte Mine and the Sur Mine. Drilling in the Norte Mine shows extensions to the Nukay deposit at depth and on the eastern side. In the Sur Mine, the drilling has identified additional mineralization as extensions to the Zona 70 and Creston Rojo deposits. The objective of the Los Filos Underground mine drilling program is to identify additional resources to replace reserves and extend the overall mine life. The program is on track with over 12,000 metres of step-out drilling completed to date and the majority of the exploration drilling to take place in the second half of this year. Drilling of a total of 62,000 metres is planned for 2018 and is focused on several deposits along the contact of the circular intrusive bodies. All of the holes that have been completed in this program intersected oxide skarn mineralization at the contact of the intrusive. A total of 52 intercepts were encountered in 32 holes. The drill holes reported in this news release will be incorporated into a final resource estimate for year-end reporting. | |
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