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Mexican Gold Corp.
Summary
| Project: | Las Minas | |
|---|---|---|
| Deposit: | Las Minas | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2020: Mexican Gold Corp. announces an Exploration/Drilling Update report for its Las Minas deposit at the Las Minas project. Drilling results incl. 23m @ 0.95g/t Au, 3.93g/t Ag, 1.30% Cu from 48m. Mexican Gold Corp. (the “Company” or “Mexican Gold") | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sonny Bernales (Internal) | |
| ABSTRACT: | Mexican Gold Corp. (the “Company” or “Mexican Gold") (TSXV: MEX) is pleased to announce the results from its recent drill program at the Las Minas project in Veracruz, Mexico. The objectives of the diamond drilling program included: infill drilling at El Dorado, the extension of the Cinco Senores zone, initial drill testing of the Pueblo Nuevo prospect, and the testing of a large, blind geophysical anomaly north of the Cinco Senores area. A total of 13 holes were drilled totalling 2071 metres. Hole LM-19-CS-13 tested the southern area of the TEM anomaly. The hole was collared where the El Dorado sill contact was known to have been eroded, suggesting that the TEM anomaly could point to mineralization under the sill. The hole remained in intrusive rock for its entire length. A very strong 21.37 g/t gold intersection at 123.5m is related to quartz veining and silicification with massive magnetite and pyrite veinlets. This mineralization occurs stratigraphically below the El Dorado zone level and contains negligible silver and copper. It may be remobilized from skarn at depth or it may be an analogue of the Pueblo Nuevo gold vein occurrences. | |
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