Business
Mexican Gold Drills 14 Metres of 7.18 g/t Gold Equivalent Las Minas Property
THUNDER BAY, Ontario, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) has intersec
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":"THUNDER BAY, Ontario, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) has intersected significant mineralization in four recently completed holes to test the dike contact mineralized zones at the Las Minas property. All holes returned wide intervals of high-grade mineralization, including 7.18 grams/ tonne gold equivalent (g/t Au Eq) (2.00 g/t Au, 13.13 g/t Ag, 3.05% Cu) over 14.0 metres in hole LM-17-ED-41. Additionally, exploration drilling at the Cinco Senores zone successfully extended the known flat-lying mineralized skarn zone outlined by previous drilling to 220 metres on trend. Highlights from diamond drilling at El Dorado dike contact zones include: Diamond drill hole LM -17 - ED - 41 7.18 g/t Au Eq (2.00 g/t Au, 13.13 g/t Ag, 3.05% Cu) over 14.0 metreswithin 3.53 g/t Au Eq (1.03 g/t Au, 6.42 g/t Ag, 1.46% Cu) over 38.0 metres Diamond drill hole LM - 17 - ED - 42 5.16 g/t Au Eq (2.85 g/t Au, 4.85 g/t Ag, 1.37% Cu) over 22.0 metreswithin 3.69 g/t Au Eq (1.71 g/t Au, 3.78 g/t Ag, 1.17% Cu) over 44.0 m Diamond drill hole LM - 17 - ED - 43 3.63 g/t Au Eq (0.82 g/t Au, 7.14 g/t Ag, 1.65% Cu) over 18.0 metres within 2.76 g/t Au Eq (0.72 g/t Au, 6.16 g/t Ag, 1.19% Cu) over 30.0 metres Diamond drill hole LM - 17 - ED - 22A 4.53 g/t Au Eq (1.56 g/t Au, 8.28 g/t Ag, 1.74% Cu) over 14.0 metresincluding 12.34 g/t (4.20 g/t Au, 23.55 g/t Ag, 4.77% Cu) over 4.0 metres within 3.21 g/t Au Eq (1.14 g/t Au, 6.07 g/t Ag, 1.21% Cu) over 22.0 metres Summary The dike contact mineralization occurs as vertical zones on both sides of a 70 metre wide dike. The grade of the two zones is significantly higher than the initial resource estimate grade. The mineralized intercepts range from 44 metres in recent drilling to 54 meters in high- grade hole L.M-17-ED -40 – see press release November 14, 2017. The west contact zone extends for approximately 360 metres on strike, and both zones remaining open for further expansion –see Figure 1 Dike Contact Zones Drill Hole Locations. Selected drill results are included in Table 1 Dike Contact Zones Drill results. For a map of drill collars and traces for the Dike Contact Zone drilling see Figure 1 Dike Contac...