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Mexican Gold Corp.
Summary
| Project: | Las Minas | |
|---|---|---|
| Deposit: | Cinco Senores Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 5/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-5-2017: Mexican Gold Corp. announces an Exploration/Drilling Update report for its Cinco Senores Zone deposit at the Las Minas project. Drilling results incl. 2m @ 10.8g/t Au, 41.7g/t Ag, 2.8% Cu from 31.3m. Mexican Gold Corp. ("Mexican Gold " or the " | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Sonny Bernales (Not stated) | |
| ABSTRACT: | Mexican Gold Corp. ("Mexican Gold " or the "Company") (TSX-V: MEX) is pleased to announce that step-out drilling at the Cinco Senores zone has indicated a potential parallel mineralized zone at the Las Minas property. Step –out diamond drill hole LM-17-CS-04 was drilled at the end of the 2017 Phase 1 drilling program to test the geological concept that the Cinco Senores historic mining area represents a further lobe of the El Dorado mineralized skarn system. The hole intersected a high- grade 2.0 metre interval with massive chalcopyrite grading 10.8 g/t gold, 41.7 g/t silver and 2.8 % copper or 15.98 g/ t gold equivalent. The strong presence of chalcopyrite -mineralized magnetite at the targeted skarn elevation in the step-out hole, when combined with earlier drilling and sampling results – see press releases dated February 2, 2011 and August 8, 2011 - is believed to be indicative of a potential El Dorado/ Juan Bran type zone at the Cinco Senores mineralized zone. In 2011, four short holes were drilled at Cinco Senores in a fan pattern from a single set-up located approximately 100 metres to the east of step-out hole LM-17-CS-04. The holes intersected an erosional remnant with up to 22 metres of mineralized skarn and an Au-Cu bearing pyritic, retrograde breccia zone – see news release dated August 8, 2011. | |
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