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Mexican Gold Corp.
Summary
| Project: | Las Minas | |
|---|---|---|
| Deposit: | El Dorado | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 3/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-3-2018: Mexican Gold Corp. announces an Exploration/Drilling Update report for its El Dorado deposit at the Las Minas project. Drilling results incl. 46m @ 3.87g/t Au, 13.81g/t Ag, 2.9% Cu from 132.1m. Mexican Gold Corp. (the “Company” or “Mexican Gold” | |
| Resources: | (Resource, M+I): 4.97Mt @ 0.92g/t Au, 0.59% Cu, 4.37g/t Ag with 304000oz AuEq contained | |
| CP/QP: | [Overall Report]: Sonny Bernales (Not stated) | |
| ABSTRACT: | Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V: MEX / OTCQB: MEXGF / FRA: 4QW1) is pleased to announce that recent drilling at the El Dorado Dike Contact Zone confirms the continuity of the high - grade mineralization outlined in the 2017 Phase 2 resource expansion drilling program. Hole LM - 18 - ED - 49 was designed to test the continuity of high – grade mineralization intersected in hole LM - 17 - ED - 40, which graded 9.24 g/t Au Eq (5.39 g/t Au, 17.10 g/t Ag, 2.20% Cu) over 38.0 metres – see press release November 14, 2017. Hole LM - 18 - ED - 49 exceeded expectations, returning high – grade gold and copper values over wide intervals. The hole intersected 10.19 g/t Au Eq (4.51 g/t Au, 16.17 g/t Ag, 3.33% Cu) over 38.0 metres, including 15.13 G/T Au Eq (4.10 g/t Au, 22.23 g/t Ag. 6.54 % Cu) over 12.0 metres. Brian Robertson, President and CEO commented, “These high – grade drill results over long intervals demonstrate the continuity of the high- grade mineralization outlined by previous drilling. The results also highlight the potential for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran zone. The Eldorado Dike Contact zone has been outlined over 330 metres along strike with core widths up to 46.0 metres and remains open for expansion. | |
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