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Mexican Gold Intersects Chalcopyrite-Magnetite Mineralization at El Dorado Dike Contact Zone
THUNDER BAY, Ontario, Nov. 23, 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, Nov. 23, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce that drilling to expand the high-grade dike contact mineralization outlined in hole LM-17-ED-40 has successfully intersected long intervals of chalcopyrite-magnetite mineralization in five additional recently completed holes. All of the holes intersected mineralization, with core intervals varying from 21 metres to 42 metres in length. The mineralization is located adjacent to and on both sides of the 70 metre wide dike with a known strike distance of 700 metres. The Eldorado/Juan Bran Zone has also been found to thicken substantially approaching the dike, which appears to be a vertical offshoot from the main El Dorado Sill. Highlights from the Five New Diamond Drill Holes LM -17- ED-41, 42 & 43 and LM -17-JB-22 & 22 A LM - 17- ED- 41 intersected 42.0 metres of chalcopyrite - magnetite mineralization from 42.6 to 84.6 metres (see Figure 1 Core LM - 17- ED - 41) LM - 17- ED- 42 intersected a cumulative 48 metres of chalcopyrite - magnetite mineralization (see Figure 2 Core LM - 17- ED - 42) LM - 17- JB-22 intersected 20.3 metres of chalcopyrite - magnetite mineralization from 40.3 metres to 60.6 metres before being lost due to technical problems. (see Figure 3 Core LM- 17- JB - 22) LM-17- ED-JB-22A intersected a cumulative 28.0 metres of chalcopyrite - magnetite (see Figure 4 Core LM -17- JB - 22A) LM- 17- ED- 43 intersected 28.0 metres of chalcopyrite - magnetite from 52.9 to 82.9 metres. The hole was drilled on the east side of the dike. (see Figure 5 Core LM -17- ED- 43) Assay results are pending and expected to be received by mid-December. All intervals are core lengths and are estimated to be 95 percent of true width in hole ED-41 and +70% of true width in other holes. Figure 1 LM - 17- ED- 41 Box 24 Figure 2 LM -17- ED- 42 Box 14 Figure 3 LM -17 - JB - 22 Box 18 Figure 4 LM -17- JB- 22A Box 09 Figure 5 LM -17- ED- 43 Box 24 Brian Robertson, President and CEO stated, “These early drill results for the dike contact zone are extremely exciting. The drilling, which has outlined the west dike contact zone over a strike distance of 300 metres, remains open for expansion. And we have just identified a mineralized zone on the east side of th...