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Mexican Gold Announces High-Grade Intersection Indicative of Potential Parallel Zone at Las Minas
THUNDER BAY, ONTARIO--(Marketwired - May 15, 2017) - Mexican Gold Corp. ("Mexican Gold " or the "Company") (TSX VENTURE:MEX) is pleased to announce that step-ou
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":"THUNDER BAY, ONTARIO--(Marketwired - May 15, 2017) - Mexican Gold Corp. (\"Mexican Gold \" or the \"Company\") (TSX VENTURE:MEX) is pleased to announce that step-out drilling at the Cinco Senores zone has indicated a potential parallel mineralized zone at the Las Minas property. Step-out diamond drill hole LM-17-CS-04 was drilled at the end of the 2017 Phase 1 drilling program to test the geological concept that the Cinco Senores historic mining area represents a further lobe of the El Dorado mineralized skarn system. The hole 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 gold equivalent. 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 mineralized zone Selected drill results for hole LM-17-CS-04 are detailed below: CINCO SENORES ZONE DRILL RESULTS Hole ID (Az./Dip) (degrees) From (m) To (m) Intercept (m) Au (g/t) Ag (g/t) Cu % Au Eq(1) (g/t) Comments LM-17-CS-04 (330/ -55) 31.3 33.2 2.0 10.80 41.7 2.8 15.98 Step-out hole In 2011, four short holes were drilled at Cinco Senores in a fan pattern from a single set-up located approximately 100 metres to the east of step-out hole LM-17-CS-04. The holes intersected an erosional remnant with up to 22 metres of mineralized skarn and an Au-Cu bearing pyritic, retrograde breccia zone - see news release dated August 8, 2011. CINCO SENORES - EL DORADO JUAN BRAN & SANTA CRUZ ZONES Key Geological Similarities to El Dorado Mineralized Zone The Cinco Senores zone, which is located 670 metres to the west of the El Dorado/Juan Bran zone, has several compelling similarities to the El Dorado mineralized zone including the following: Numerous historic mines at the level of the exposed contact between a regional dioritic sill and the overlying carbonate rocks. An analogous 'erosional horseshoe' magnetic signature. A regional scale fault intersecting the sill contact providing structural control for skarn formation - see magnetic survey map. A topographic profile which ...