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Mexican Gold Corp.
Summary
| Project: | Las Minas | |
|---|---|---|
| Deposit: | El Dorado | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-1-2018: Mexican Gold Corp. announces an Exploration/Drilling Update report for its El Dorado deposit at the Las Minas project. Drilling results incl. 36m @ 2.86g/t Au, 5.06g/t Ag, 1.16% Cu from 161.5m. Mexican Gold Corp. (the “Company” or “Mexican Gold | |
| Resources: | (Resource): 4.97Mt @ 1.9g/t AuEq (M.+I) & 10.304Mt @ 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 additional positive drill results for drilling recently completed to extend the high - grade dike contact mineralized zones at its Las Minas property. All holes returned significant mineralization, including 7.86 g/t Au Eq (3.91 g/t Au, 5.93 g/t Ag, 2.36% Cu) over 18.0 metres in hole LM – 17 – ED – 44. The current drill results are for holes drilled along the east and west contacts of the El Dorado Dike Contact zone. The west contact zone has been delineated for over 360 metres along strike. The recent drilling outlined high- grade mineralization on the east contact zone over a strike distance of 140 metres. Both zones remain open along strike for expansion. Additional expansion and delineation drilling is scheduled to commence in early February. Brian Robertson, President and CEO commented, “These high – grade drill results over significant widths continue to expand the mineral resource and increase the grade for the El Dorado/ Juan Bran zone. The expanded resource and higher grades will have a positive impact on an updated resource estimate. The discovery of the high- grade dike contact mineralization also provides a model for exploring additional dike contact zones that are known to exist on the property." | |
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