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Mexican Gold Signs 3,000 Metre Drill Contract for Drilling Program at Las Minas
THUNDER BAY, Ontario, Jan. 30, 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. 30, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce the signing of a diamond drilling contract for commencement of its 2018 Phase 1 resource expansion drilling program at the Las Minas property, Veracruz State, Mexico. The company has contracted with K.D.L. Mexico S.A. de C.V. for 3,000 metres of drilling, scheduled to commence in early February. The drilling program will focus on expansion of the El Dorado/ Juan Bran zone and the recently discovered high-grade El Dorado Dike Contact zone. Resource expansion drilling will also be carried out to extend the high - grade skarn mineralization outlined by earlier drilling at the Santa Cruz zone. The Eldorado/ Juan Bran and Santa Cruz zones comprise the initial 43-101 resource estimate and remain open for expansion both along strike and down dip. Exploration drilling will be also be carried out at the Cinco Senores and Nopaltepec mineralized zones to test geophysical targets and extend known areas of mineralization. “The program will build on our highly successful 2017 Phase 2 drill program as we move forward to an expanded resource estimate for these two zones,” stated Brian Robertson, President & CEO. “We are very excited with the results of the Phase 2 program which delineated the high-grade El Dorado Dike Contact zone and extended the El Dorado/ Juan Bran zone by a further 65 metres to the west. We look forward to expanding the high – grade Santa Cruz zone and testing high-potential targets that have been identified on the property.” Table 1 provides a summary of highlight results from recently completed expansion drilling of the high - grade El Dorado Dike Contact zone (see press releases dated November 14 and December 12, 2017) and earlier drilling at the Santa Cruz zone ( see press release August 6, 2014) Table 1 Highlights El Dorado Dike Contact Zone & Santa Cruz Zone Diamond Drilling El Dorado Dike Contact Zone Hole ID (Az./Dip)(degrees) From(m) To(m) Intercept(m) Au(g/t) Ag(g/t) Cu% Au Eq(g/t) Comments LM -17 - ED - 40 (2350/-700)  ...