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Mexican Gold Mining Announces the Commencement of Fieldwork for an Environmental Baseline Study - Drilling to Commence in July
VANCOUVER, British Columbia, June 09, 2020 (GLOBE NEWSWIRE) -- Mexican Gold Mining Corp. (the “Company” or “Mexican Gold") (TSXV: MEX) is pleased to announce th
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 09, 2020 (GLOBE NEWSWIRE) -- Mexican Gold Mining Corp. (the “Company” or “Mexican Gold\") (TSXV: MEX) is pleased to announce that fieldwork towards completing an environmental baseline study has commenced at the Las Minas project. Drilling at Las Minas is scheduled to commence in early July. Highlights: Mexican Gold has engaged Consultoría y Tecnología Ambiental (“CTA”), based in Zacatecas, Mexico, to begin an environmental baseline study at the Las Minas project for inclusion in Mexican Gold’s preliminary economic assessment study (“PEA”) Further, the Company has engaged Kluane Drilling (“KDL”) to commence a +3,000-meter drill program at Las Minas in early July “The commencement of the environmental baseline study at Las Minas, as well as drilling, marks the re-start of our much anticipated 2020 program,” stated Philip O’Neill, Chief Executive Officer. “With the start of resource expansion and exploration drilling in early July, we will be well on our way towards achieving a PEA at Las Minas.” Drilling Program The Company will embark on a +3000m drill program to expand and upgrade the current resource at El Dorado which remains open in multiple directions. A comprehensive drill program will also follow up the November 2019 discovery at Cinco Senores hole LM-19-CS-13. At 114m vertical depth, a 5.2m shallow-dipping quartz vein was intersected which assayed 8.94 g/t gold, including 21.37 g/t gold over 2m. The true widths of the intersections are estimated to be 85% of the down-hole lengths. Previous drilling at Cinco Senores had targeted the El Dorado mineralized horizon, at least 70m above this intersection. Drilling in 2020 will attempt to define the veining and intersect further strong gold values. High grade gold assays were received in early 2020 from a historic mine in the Changarro area which had not been sampled for at least a century. Channel samples spaced 3m apart and averaging 0.65m in width returned an average of 8.82 g/t gold along the entire 52m drift. These strong results precipitated exploration work in February-March 2020 which uncovered multiple lost mine workings, all carrying similar polymetallic veining and Fe-oxide skarn within a strong, linear, mineralized structural zone. This presents the first clear drill target within the geologically complex but compelling cluster of ...