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Mexican Gold Corp.
Summary
| Project: | Las Minas | |
|---|---|---|
| Deposit: | El Dorado | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2017: Mexican Gold Corp. announces an Exploration/Drilling Update report for its El Dorado deposit at the Las Minas project. Drilling results incl. 54m @ 3.91g/t Au, 12.64g/t Ag, 1.72% Cu from 121.6m. Mexican Gold Corp. (the “Company” or “Mexican Go | |
| 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) is pleased to announce that assay results have been returned for resource expansion Hole LM- 17-ED-40 at its Las Minas property, first announced as mineralized over 77.2 meters – see press release October 16, 2017. The assay results returned a cumulative 94.35 meters of high-grade mineralization over three zones. The main zone, which is the largest of the three zones returned 54.0 meters grading 6.91 grams/tonne Gold Equivalent (g/t Au Eq), including 38.0 meters at 9.24 g/t Au Eq. Additionally, step-out drill holes LM-17-JB-19, LM-17-JB-20, and LM-17-JB-21, extended the El Dorado zone beyond its western limit. The drilling increased the strike width of the initial resource by an additional 65 metres, from 300 metres to 365 metres, over a lateral distance of 395 metres – see Figure 1 Drill Hole Locations. Brian Robertson, President and CEO, commented: “The results of the recent resource expansion drilling clearly demonstrate the significant potential to expand the resource at Las Minas. The major increase in the strike width of the resource, plus the resource expansion, and the addition of two new zones in hole LM-17-ED-40, bodes well for a significant increase in tonnage. And, more importantly, the long higher grade intervals, grading up to five times greater than the initial resource estimate, will also positively impact the economics of the project.“ | |
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