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Mexican Gold Announces 2018 Phase 1 Exploration Program
THUNDER BAY, Ontario, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. ("Mexican Gold" or the "Company") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased t
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":"THUNDER BAY, Ontario, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce its 2018 Phase 1 Exploration Program at the Las Minas property, Veracruz State, Mexico. The program will focus on resource expansion drilling to increase the initial 43-101 mineral resource estimate as well as exploration drilling to expand known mineralized zones. Additionally, field work will be carried out to identify new mineralized zones. Drilling and field exploration work will be conducted at the following top priority mineralized areas: Resource expansion drilling at the El Dorado/Juan Bran zone Resource expansion drilling at the Santa Cruz zone Exploration drilling at the Cinco Senores zone Exploration drilling at the Las Minillas zone Field exploration at the Santa Cruz zone Field exploration at the Pueblo Nuevo zone Field exploration at the Changaro Zone Resource Expansion Drilling at the El Dorado/Juan Bran Zone The highly successful 2017 resource expansion drill program at the El Dorado/Juan Bran zone identified the high-grade Dike Contact zone. Hole LM-17-ED-40 intersected 9.24 g/t Au Eq over 38.0 metres (5.36 g/t Au, 17.10 g/t Ag, 2.20 % Cu) – see press release Nov. 15, 2017. The drill program also extended the El Dorado/Juan Bran mineralization by a further 65 metres along strike. Both zones remain open for further expansion. The 2018 Phase 1 Exploration Program will focus on further expansion of the high-grade Dike Contact zone and extending the El Dorado/Juan Bran zone on strike and down dip. Resource Expansion Drilling at Santa Cruz Zone Initial delineation drilling at the Santa Cruz zone outlined a series of stacked high-grade lenses 8-40 metres thick within an exoskarn and endoskarn corridor measuring approximately 185 metres wide by 120 metres thick by 120 metres deep. Drilling completed in early-2014 included hole LM-14-SC-03 grading 5.03 g/t Au Eq (2.30 g/t Au, 19.07 g/t Ag, 1.57 % Cu) over 44.5 metres contained within 97.2 metres grading 2.70 g/t Au Eq (1.19 g/t Au, 9.42 g/t Ag, 0.79% Cu) – see press release April 7, 2014. Resource expansion drilling at the Santa Cruz zone will target the upward extension of the zone and its continuation to depth. Recent field work at the Santa Cruz zone identified mineralized skarn ...