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Mexican Gold Announces Results of Geophysical Surveys at Las Minas Property
THUNDER BAY, Ontario, Oct. 17, 2017 (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, Oct. 17, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce the preliminary results of geophysical surveys at its Las Minas project, Veracruz State, Mexico. The Company engaged Geotem Ingenieria S.A. de C.V. of Mexico City to complete approximately 50 line kilometres of ground magnetic and 15 line kilometres of Moving Loop Time Domain Electromagnetic (TDEM) programs at the El Dorado / Juan Bran, Cinco Senores and Las Minillas mineralized zones. Together, the ground magnetic and TDEM geophysical surveys identified multiple high priority drill targets at the El Dorado/ Juan Bran, Cinco Senores and Las Minillas zones. TDEM Survey The TDEM method was selected for its ability to identify buried concentrations of metallic minerals which have been suggested by magnetic responses and by interpolation of geological mapping. The primary targets of flat-lying El Dorado zone type skarn mineralization are particularly suitable for moving-loop TDEM. The method was validated with several orientation lines covering the known resource area at El Dorado / Juan Bran to determine its response for defining mineralized zones at Las Minas. As expected, areas of conductive sulphides showed a strong response, adhering both to known depths and configurations, and the massive magnetite skarn showed a consistent, moderately conductive response. Infilling and some cross-line coverage of the existing ground magnetic survey were also performed to increase the resolution of the most complex features. El Dorado/ Juan Bran Zone Results The TDEM survey indicated a full length extension on the open western limit of the Juan Bran zone (see Figure 1 - TDEM Response at Juan Bran). Two holes drilled 168 metres apart along the western boundary intersected mineralized intervals up to 65 metres west of the mineral resource estimate outline. The first hole drilled in this extension area intersected two mineralized zones (see press release dated October 5, 2017). The second hole also intersected a mineralized zone 65 metres west of the mineral resource estimate outline (see press release dated October 16, 2017). A third hole is currently being drilled. Figure 1. TDEM Response at Juan Bran A deeper conductor was also identified to the south-west of t...