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Mexican Gold Commences 3,000 Metre Drilling Program at Las Minas Property
THUNDER BAY, Ontario, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. ("Mexican Gold" or the "Company") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) announced t
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":"THUNDER BAY, Ontario, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) announced today the commencement of the Phase 2 diamond drilling program at its Las Minas property, Veracruz State, Mexico. The drill program will focus on expanding the resource at the El Dorado/Juan Bran zone and testing new targets identified by geophysical surveys and earlier exploration drilling at the Cinco Senores and Las Minillas zones. Recently completed ground magnetic and Time Domain Electromagnetic (TDEM) geophysical surveys have outlined numerous anomalies and conductors at all three zones. The results of the surveys will be used to guide hole locations for the drilling program to maximize drilling efficiency. Drilling to Expand the Resource at El Dorado/Juan Bran Zone The initial Mineral Resource Estimate for the El Dorado/Juan Bran and Santa Cruz zones estimated that the two zones contain a total Inferred Resource of 719,000 Au Eq ozs contained within 10,304,000 tonnes grading 2.17 g/t Au Eq, a total Indicated Resource of 299,000 Au Eq ozs contained within 4,908,000 tonnes grading 1.89 g/t Au Eq and a total Measured Resource of 5,000 Au Eq ozs contained within 62,000 tonnes grading 2.32 g/t Au Eq for a total Measured and Indicated Resource of 304,000 Au Eq ozs contained within 4,970,000 tonnes grading 1.90 g/t Au Eq (see press release dated August 1, 2017). The zone remains open for expansion on strike and down dip. The 2017 Phase 2 drilling program will include step-out drilling to extend the zone to the west of the current resource outline – see Figure 1 Resource Expansion Drilling at El Dorado/Juan Bran Zone. The drilling will be guided by recently completed ground magnetic and TDEM surveys at the El Dorado/Juan Bran zone. Drilling at Cinco Senores Zone The Cinco Senores zone is the site of extensive historical mining activities. Recent diamond drilling at the site intersected massive chalcopyrite in hole LM-17-CS-04 grading 10.8 g/t gold, 41.7 g/t silver and 2.8% copper or 15.98 g/t Au Eq over 2.0 metres - see press release dated May 15, 2017. It is believed that the geology and style of mineralization at Cinco Senores is indicative of a potential parallel El Dorado/Juan Bran type zone. The drill program at the Cinco Senores zone will include ...