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Leagold Mining Corp.
Summary
| Project: | Los Filos | |
|---|---|---|
| Deposit: | Los Filos, Guadalupe | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 9/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-9-2019: Leagold Mining Corp. announces an Exploration/Drilling Update report for its Los Filos, Guadalupe deposit at the Los Filos project. Drilling results incl. 31.70m @ 16.87g/t Au from 176.40m. Vancouver, September 12, 2019 – Leagold Mining Corpora | |
| Resources: | (Reserve, P+P): 104.22Mt @ 1.31g/t Au at project | |
| CP/QP: | [Overall Report]: Doug Reddy (Internal) | |
| ABSTRACT: | Vancouver, September 12, 2019 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) reports drilling results from the Los Filos underground and the Guadalupe open pit at the Los Filos mine complex in Mexico. Highlights from the Los Filos underground mine include 8.86 grams per tonne (gpt) over 27.45 metres and 6.59 gpt over 15.46 metres. Highlights from the Guadalupe area include 1.40 gpt over 32.73 metres, including 7.71 gpt over 2.67 metres, and 6.20 gpt over 10.61 metres, including 10.55 gpt over 5.20 metres (all capped grades and true widths; see Tables 1 to 3). Leagold CEO Neil Woodyer stated: “These drill programs at Los Filos will contribute to the reserve base and extend the mine life. At the Los Filos underground mine, we have encountered a new zone of mineralization and have confidence of adding this to reserves. “At Guadalupe, we are testing for extensions of the mineralization at depth and also confirming the limited nature of old underground workings prior to open pit mining in this area. “The mine expansion program is now under way and stripping at the Guadalupe open pit will begin in October. The Guadalupe open pit, with reserve grades of 1.37 gpt, provides high margin ore for our near-term production schedule. These initial exploration results are demonstrating that Guadalupe also has significant growth potential.” | |
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