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Mexican Gold Corp.
Summary
| Project: | Las Minas | |
|---|---|---|
| Deposit: | Cinco Senores Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: Mexican Gold Corp. announces an Exploration/Drilling Update report for its Cinco Senores Zone deposit at the Las Minas project. Drilling results incl. 44.0m @ 1.71g/t Au, 3.78g/t Ag, 1.17% Cu from 39.0m. Mexican Gold Corp. (the “Company” or “M | |
| Resources: | (Resource): 4.97Mt @ 1.9g/t AuEq (M.+I) & 10.3Mt @ 2.17g/t AuEq (Inf.) | |
| CP/QP: | [Overall Report]: Sonny Bernales (Not stated) | |
| ABSTRACT: | Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V: MEX / OTCMKTS: SRXLF / FRA: 4QW1) has intersected significant mineralization in four recently completed holes to test the dike contact mineralized zones at the Las Minas property. All holes returned wide intervals of high- grade mineralization, including 7.18 grams/ tonne gold equivalent (g/t Au Eq) (2.00 g/t Au, 13.13 g/t Ag, 3.05% Cu) over 14.0 metres in hole LM-17-ED-41. Additionally, exploration drilling at the Cinco Senores zone successfully extended the known flat- lying mineralized skarn zone outlined by previous drilling to 220 metres on trend. The dike contact mineralization occurs as vertical zones on both sides of a 70 metre wide dike. The grade of the two zones is significantly higher than the initial resource estimate grade. The mineralized intercepts range from 44 metres in recent drilling to 54 meters in high- grade hole L.M-17-ED -40 – see press release November 14, 2017. The west contact zone extends for approximately 360 metres on strike, and both zones remaining open for further expansion –see Figure 1 Dike Contact Zones Drill Hole Locations. Brian Robertson, President and CEO, commented, “We are very excited about the results for dike contact drilling and the high-grade intercept at Cinco Senores. The long intervals of highgrade mineralization continue to significantly increase both the tonnage and grade of the initial resource estimate for the El Dorado/Juan Bran zone. And drilling at the Cinco Senores zone has successfully extended the mineralization to 120 metres along trend, indicating the high potential of significant tonnage at this parallel zone. | |
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