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Mexican Gold Step-Out Drilling Intersects Two Intervals of Mineralization at El Dorado / Juan Bran Zone
THUNDER BAY, Ontario, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. ("Mexican Gold" or the "Company") (TSX-V:MEX) / (OTCMKTS:SRXLF) / (FRA:4QW1) is pleas
About this update from Mexican Gold Mining Corp.
[{"type":"text","content":"THUNDER BAY, Ontario, Oct. 05, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (\"Mexican Gold\" or the \"Company\") (TSX-V:MEX) / (OTCMKTS:SRXLF) / (FRA:4QW1) is pleased to announce that step-out diamond drilling at its Las Minas property, Veracruz State, Mexico, has intersected two intervals of chalcopyrite−bornite−magnetite mineralization in the first hole drilled beyond the current western limit of the El Dorado/Juan Bran zone. Assay results are pending and drilling of the second step-out hole is underway. Diamond drill hole LM-17-JB-19 was drilled as a step-out hole to test the western extension of the El Dorado/Juan Bran zone. The hole, which was drilled at minus 50 degrees to a depth of 120.95 metres, intersected a 3.0 metre mineralized interval from 89 metres to 91 metres, followed by a further 8.0 metre mineralized interval from 99 to 108 metres. The 3.0 metre interval consists of visible chalcopyrite and magnetite containing up to an estimated 3% chalcopyrite by volume. The 8.0 metre interval is mineralized exoskarn with visible chalcopyrite and bornite within magnetite containing up to an estimated 5% chalcopyrite by volume. All intervals are core lengths measured along the axis of the core and true widths are unknown at this time. Significantly, the drilling was guided by the recently completed ground magnetic and TDEM (Time Domain Electromagnetic) surveys at the El Dorado/Juan Bran, Cinco Senores and Las Minillas zones. The TDEM survey outlined a conductor in the area of the drill hole and extending further to the west. The TDEM survey also identified several additional conductors at the El Dorado/Juan Bran, Cinco Senores and Las Minillas zones. Figure 1. Hole LM-17-JB-19 Location Figure 2. El Dorado/ Juan Bran Zone Western Extension Brian Robertson, President and CEO stated, “We are excited by the intersection of mineralization beyond the current western limit of the El Dorado/Juan Bran zone. The intersection not only convincingly expands the scale of the El Dorado/Juan Bran zone westward and beyond the current footprint of the El Dorado/Juan Bran zone, but also validates the results of the TDEM survey, proving it to be an effective geophysical method for identifying mineralized zones at Las Minas. We look forward to more drilling to further expand the El Dorado/Juan Bran zone and test conductors at the Cinco Senores a...