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Mexican Gold Intersects 10.19 G/T Gold Equivalent (4.51 G/T Au, 16.17 G/T Ag, 3.33 % Cu) Over 38.0 Metres at Las Minas
THUNDER BAY, Ontario, March 01, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V:MEX) (OTCQB:MEXGF) (FRA:4QW1) is pleased to
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":" THUNDER BAY, Ontario, March 01, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V:MEX) (OTCQB:MEXGF) (FRA:4QW1) is pleased to announce that recent drilling at the El Dorado Dike Contact Zone confirms the continuity of the high - grade mineralization outlined in the 2017 Phase 2 resource expansion drilling program. Hole LM - 18 - ED - 49 was designed to test the continuity of high – grade mineralization intersected in hole LM - 17 - ED - 40, which graded 9.24 g/t Au Eq (5.39 g/t Au, 17.10 g/t Ag, 2.20% Cu) over 38.0 metres – see press release November 14, 2017. Hole LM - 18 - ED - 49 exceeded expectations, returning high – grade gold and copper values over wide intervals. The hole intersected 10.19 g/t Au Eq (4.51 g/t Au, 16.17 g/t Ag, 3.33% Cu) over 38.0 metres, including 15.13 G/T Au Eq (4.10 g/t Au, 22.23 g/t Ag. 6.54 % Cu) over 12.0 metres. Highlights Infill hole LM - 18 - ED - 49 confirmed the continuity of the high - grade mineralization intersected in hole LM - 17 - ED - 40, located 152.0 metres to the north- east The mineralization includes high copper grades up to 9.28% Cu as well as high gold values up to 7.27 g/t. The El Dorado Dike Contact zone contains significant tonnage with grades much higher than the maiden mineral resource estimate. Resource expansion and exploration drilling is currently underway at Las Minas targeting the El Dorado / Juan Bran, El Dorado Dike Contact, Cinco Senores and Santa Cruz zones. Brian Robertson, President and CEO commented, “These high – grade drill results over long intervals demonstrate the continuity of the high- grade mineralization outlined by previous drilling. The results also highlight the potential for significantly increasing both the tonnage and grade of the maiden mineral resource estimate for the El Dorado / Juan Bran zone. The Eldorado Dike Contact zone has been outlined over 330 metres along strike with core widths up to 46.0 metres and remains open for expansion. Selected drill results are included in Table 1 Summary Drill Results. Table 1 Summary Drill Results Hole ID (Az./Dip)(degrees) From (m) To(m) Intercept (m) (1) Au (g/t) Ag(g/t) Cu% AuEq(g/t) WEST DIKE CONTACT ZONE LM - 18 - ED - 22 (90 0/ - 65 ...