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Mexican Gold Corp.
Summary
| Project: | Las Minas | |
|---|---|---|
| Deposit: | Las Minas | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 5/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2018: Mexican Gold Corp. announces an Exploration/Drilling Update report for its Las Minas deposit at the Las Minas project. Drilling results incl. 24.0m @ 1.24g/t Au, 2.70g/t Ag, 0.47% Cu from 164.0m. Mexican Gold Corp. (the “Company” or “Mexican Gol | |
| 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 / OTCMKTS: MEXGF / FRA: 4QW1) is pleased to announce additional positive drill results for recently completed step-out drilling at the El Dorado/Juan Bran and Santa Cruz zones. Step-out hole LM-18-JB-25 intersected high – grade mineralization grading 3.87 g/t Au Eq (1.36 g/t Au, 7.93 g/t Ag, 1.46 % Cu over 6.0 metres. The mineralized zone was intersected 33.0 metres west of the boundary of the El Dorado/ Juan Bran zone outlined by the initial 43-101 Resource Estimate of August 1, 2018. Additionally, hole LM -18 JB- 24 intersected 1.13 g/t Au Eq (0.46 g/t Au, 2.65 g/t Ag, 0.39 % Cu) 206 metres north-west of the El Dorado/ Juan Bran zone. Infill drilling at the El Dorado/ Juan Bran continued to support the continuity of mineralization. And drilling at the Santa Cruz zone extended the zone to depth as well as cutting multiple mineralized intervals in the upward extension of zone. For a map of drill collars and traces for the drilling see Figure 1. Plan View of Diamond Drill Hole Collars and Traces. Brian Robertson, President and CEO commented, “We are very pleased with the results of the drill program which focused on resource expansion and confirmation of grade continuity. Step -out drilling at the El Dorado/ Juan Ban and Santa Cruz zones continues to expand the boundaries of the maiden resource, both along strike and to depth. The infill drilling continues to support the consistency of the grade distribution within the deposit These results are very positive for a significant increase in the maiden resource.” | |
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