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Mexican Gold Announces 3,000 Metre Diamond Drilling and Field Exploration Program for Las Minas Project
THUNDER BAY, ONTARIO--(Marketwired - June 20, 2017) - Mexican Gold Corp. ("Mexican Gold" or the "Company") (TSX VENTURE:MEX) is pleased to announce a 3,000 metr
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":"THUNDER BAY, ONTARIO--(Marketwired - June 20, 2017) - Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX VENTURE:MEX) is pleased to announce a 3,000 metre diamond drilling program for its Las Minas gold - copper - silver project. The drilling program targets expansion of the recently discovered mineralization at the Cinco Senores zone as well as step-out drilling at the El Dorado / Juan Bran zone to extend the on-strike and down-dip mineralization. Additionally, a field exploration program, consisting of trenching, sampling and mapping will be carried out at the Santa Cruz zone to test the upward continuation of the zone above the area of previous drilling. Trenching, sampling and mapping will also be undertaken at the Pueblo Nuevo concession to further outline the quartz veins recently sampled at the site. Brian Robertson, President and CEO, stated, \"The exploration program is focused on three high priority mineralized zones at Las Minas. The program combines a geophysical survey with expansion and discovery diamond drilling and preliminary field exploration work. We believe the program will expand the resource at El Dorado - Juan Bran and lead to the discovery of new zones of mineralization at both Cinco Senores and Santa Cruz. The Pueblo Nuevo concession, with its numerous historical high-grade mines, is a high-priority target area.\" Exploration Drilling at Cinco Senores Zone Widespread mineralization has been outlined at the Cinco Senores zone by numerous historical mine workings, a large ground magnetic geophysical anomaly, plus mapping and sampling. Extensive sampling of the mineralized zone outlined a wide area of highly mineralized skarn (see press release dated February 2, 2011). Recent drilling at Cinco Senores intersected a high-grade 2.0 metre interval with massive chalcopyrite grading 10.8 g/t gold, 41.7 g/t silver and 2.8% copper or 15.98 g/t Au Eq. in hole LM-17-CS-04.(see press release dated May 15, 2017). The strong presence of chalcopyrite-mineralized magnetite at the targeted skarn elevation in the step-out hole, when combined with earlier drilling and sampling results (see press releases dated February 2, 2011 and August 8, 2011) is believed to be indicative of a potential El Dorado/Juan Bran type zone at the Cinco Senores zone. The Cinco Senores zone is located 670 metres west of the El Dorado/J...