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Mexican Gold Samples 5.11 g/t Gold & 7.15 % Zinc Over 2.0 Metres and 11.14 g/t Gold Over 1.4 Metres at Changarro Zone, Las Minas Project
THUNDER BAY, Ontario, July 24, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. ("Mexican Gold" or the "Company") (TSX-V:MEX) (OTCQB:MEXGF) (FRA:4QW1) announces that
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":" THUNDER BAY, Ontario, July 24, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) (OTCQB:MEXGF) (FRA:4QW1) announces that continued sampling of historical mines and new discoveries at the Changarro zone has yielded significant assay results including: 5.11 g/t gold, 7.15% zinc over 2.0 metres from outcrop 7.0 metres southwest of the Guadalupe 3 mine. 5.0 g/t gold over 2.0 metres at Guadalupe 3 mine. 11.14 g/t gold over 1.4 metres at Las Escondida mine. 4.06 g/t gold, 32.00 g/t silver, 0.72 % copper over 1.0 metres at Changarro mine. 4.85 g/t gold, 12.70 g/t silver over 0.80 metres at small mine below Changarro. See Table 1 below for selected sample results. The 2018 fieldwork has focussed on two extensive mineralized zones of historical mining importance: gold-bearing quartz vein deposits at Pueblo Nuevo and the gold skarns of Changarro. The Changarro – La Perdida area is an historical skarn mining zone extending more than 400 metres by 850 metres on surface. The zone is exposed on the canyon walls between 280 and 600 metres above and to the east of the Las Minas 43-101 resource skarn deposits– see Figure 1 Plan View of Las Minas Area. Gold occurs in both high-temperature, proximal skarn (garnet–magnetite-sulphides) related to dike contacts and structurally-controlled, low-temperature distal skarn (jasperoid-magnetite-tremolite-wollastonite +/- sulphides). Figure - 1 Plan of the Las Minas Area Showing 2018 Surface Exploration Zones Changarro – La Perdida Area Exploration The Changarro – La Perdida area has caught the attention of several previous operators due to the high density and the scale of historical mining activity. Previous work was limited to sampling surface showings and underground in mines, along with localized drilling from 2 drill set-ups. The complex structural picture which controls the widespread mineralization in the area is only now being investigated through stripping and trenching of the extensive, thin overburden cover.As detailed in an earlier press release (May 1, 2018) multiple lost historical mines and workings have been discovered along with many new mineralized showings during the ongoing fieldwork. Figure 2 - 2018 Sampling in the Changarro – La Perdida Area Recent stripping undertaken since the latest assay results has exposed diorite dikes related ...