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Mexican Gold Reports on 2017 Milestones and 2018 Strategic Goals
THUNDER BAY, Ontario, Jan. 10, 2018 (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, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to report on key milestones achieved in 2017 and strategic growth plans for 2018. 2017 in Review 2017 was a year of outstanding achievements for your company with major milestones reached at our flagship Las Minas property and the corporate level. The company carried out two highly successful exploration programs, completed an initial 43-101 mineral resource, and strengthened its balance sheet as well as the Board of Directors and Management Team. We believe that Mexican Gold is now positioned for substantial growth in 2018 based on the outstanding exploration results achieved to date and corporate strength of the company. Milestones Achieved in 2017: Achieved a 100 % increase in share price during the year. Completed initial 43-101 resource estimate for two of eight known mineralized zones. Completed 5,873 metres of diamond drilling at El Dorado/ Juan Bran and Cinco Senores zones. Discovered high - grade Eldorado Dike Contact zone – Hole LM- 17- ED-40 - 9.24 g/t Au Eq over 38.0 metres ( 5.36 g/t Au, 17.10 g/t Ag, 2.20 % Cu) True widths for hole LM-17-ED-40 are estimated to be 94 percent of core widths. - Press release Nov. 15, 2017. Extended high – grade Eldorado Dike Contact zone up to 330 metres along strike with delineation drilling. Extended western boundary of El Dorado/ Juan Bran mineralized zone by 65 metres along strike – Hole LM 17-JB-19 – 4.01 g/t Au Eq over 5.0 metres ( 1.91 g/t Au, 11.18 g/t Ag. 1.19 % Cu)- True widths for hole LM-17-JB-19 are estimated to be 94 percent of core widths - Press release Nov. 14, 2017. Identified parallel mineralized zone at Cinco Senores and extended the zone 122 metres along trend. Hole LM-17-CS-08 – 4.47 g/t Au Eq over 4.0 metres – ( 1.58 g/t Au, 13.85 g/t Ag, 1.65 % Cu) – True widths for hole LM- 17-CS-08 19 are estimated to be 70-75% of core widths. - Press release Dec. 12, 2017. Discovered high- grade parallel vein at Pueblo Nuevo concession –Sample 14.90 g/t Au Eq over 0.20 metres (13.68 g/t Au. 29.8 g/t Ag) - Press release May 31, 2017. Completed ground magnetic and Time Domain Electromagnetic surveys at El Dorado/ Juan Bran, Cinco Senores, and Las Minillas zones outlining numerous high - ...