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Mexican Gold Intersects 77.2 Metres of Mineralization in Resource Expansion Drilling at Las Minas Property
THUNDER BAY, Ontario, Oct. 16, 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. 16, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce that resource expansion drilling has intersected long intervals of strong chalcopyrite, bornite and magnetite mineralization totaling 77.2 metres at the El Dorado / Juan Bran zone at its Las Minas property. Hole LM-17-ED-40 intersected a 21 metre interval of chalcopyrite, bornite and magnetite mineralization at a depth of 83.0 metres and continuing to 104 metres. A second interval of 56.2 metres starting at 123.6 metres and continuing to 179.8 metres contains stronger mineralization (see Figure 1: LM-17-ED-40 Example of Chalcopyrite Mineralization). The upper 21 metre mineralized interval is outside the outline of the mineral resource estimate, and the lower intersection extended the mineralization a further 23 metres below the resource lower constraint. The true widths of the mineralized intervals are approximately 94% of the reported intersections. Figure 1: LM-17-ED-40 Example of Chalcopyrite Mineralization Western Extension Drilling El Dorado/Juan Bran Zone Additionally, the Company has completed two holes to test the western extension of the El Dorado/ Juan Bran zone. Hole LM-17-JB-19 intersected a 3.0 metre mineralized interval from 89.0 metres to 91.0 metres, followed by a further 8.0 metre interval from 99.0 metres to 108.0 metres. Mineralization consisted of highly visible chalcopyrite, bornite and magnetite (see press release dated October 5, 2017). The intersections extend the mineralization 65 metres west of the current El Dorado/ Juan Bran zone mineral resource estimate footprint (see Figure 2: Drill Hole Locations). Recently completed hole LB -17-JB-20 was drilled as a step - out hole and located 168 metres south of hole LM-17-JB-19. The hole intersected a 6.0 metre mineralized horizon from 142.3 metres to 148.3 metres consisting of highly visible chalcopyrite and magnetite. The intersection extends the mineralization a further 65 metres west of the El Dorado/ Juan Bran mineral resource outline. The core is being logged and sampled and assay results will be reported when available. Step-out drilling to extend the resource footprint of El Dorado/ Juan Bran to the west is continuing. Brian Robertson, P. Eng., President & CEO stat...