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Mexican Gold Corp.
Summary
| Project: | Las Minas | |
|---|---|---|
| Deposit: | El Dorado, Juan Bran | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 5/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-5-2017: Mexican Gold Corp. announces an Exploration/Drilling Update report for its El Dorado, Juan Bran deposit at the Las Minas project. Drilling results incl. 38.0m @ 3.88g/t Au from 117.5m. Mexican Gold Corp. (“Mexican Gold” or the “Company”) (TSX-V | |
| 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 the final holes for its phase 1 infill/extension drilling program at its Las Minas gold project have expanded the footprint of the El Dorado/Juan Bran mineralized zone on strike. Additionally, high-grade mineralization has been intersected in a number of holes, including both upper and lower zones in diamond drill hole LM-17-ED-38 as well as holes LM-17-ED-31, LM-17-ED-35 and LM-JB-16. The western boundary of the mineralized zone was extended on strike by holes LM-17-JB-15, LM-17-JB-16 and LM-17-JB-18. These holes intersected strong mineralization up to 90 metres beyond the extent of mineralization defined by earlier drilling. A total of 24 diamond drill holes were drilled as part of the infill/ extension program during the period from February 18th to April 12th, 2015. Brian Robertson, Chairman and CEO, commented: “We are excited about the expansion of the El Dorado / Juan Bran zone on strike as well as the number of high-grade intersections. The Cinco Senores zone, which is the site of extensive historical mining, is located approximately 670 metres to the west of the El Dorado / Juan Bran zone. The objective of the drilling program, which included infill/extension and step-out drilling, is to advance the Las Minas project to an initial mineral resource estimate, planned for Q2. The resource estimate will focus on the El Dorado / Juan Bran and Santa Cruz zones, two of six known mineralized zones at the property. The extension of the El Dorado / Juan Bran zone on strike to the west plus the previous drill results and sampling at the Cinco Senores zone – see news releases February 2, 2011 and August 8, 2011 and May 15, 2017 - is indicative of the extent of the mineralization at Las Minas.” | |
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