First Mexican Gold's Update on Guadalupe Property, Mexico

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[{"type":"text","content":"First Mexican Gold's Update on Guadalupe Property, Mexico(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / November 3, 2017 - First Mexican Gold Corp. (the `Company` or `FMG`) (TSX-V: FMG, Frankfurt: 21M) is pleased to announce, a resource estimate for the Karen Zone of the Guadalupe property, State of Sonora, Mexico. This estimate is reported using a recovered silver equivalent cut-off and reported in a conceptual pit shell. The effective date of the resource is October 16, 2017.\n\n\n \nInferred Mineral Resource Estimate for The Karen Zone Reported Inside Pit Shell\n\n \n\nCut-Off\n\n\n\nAgEQ (g/t)\n\n\n\n\nTonnes\n\n\n\n(000's)\n\n\n\n\nGold\n\n\n\nGrade (g/t)\n\n\n\n\nGold\n\n\n\n(000's oz)\n\n\n\n\nSilver\n\n\n\nGrade (g/t)\n\n\n\n\nSilver\n\n\n\n(000's oz)\n\n\n\n\nAgEQ**\n\n\n\nGrade (g/t)\n\n\n\n\n60.00\n\n\n\n\n193.8\n\n\n\n\n1.802\n\n\n\n\n11.25\n\n\n\n\n144.8\n\n\n\n\n902\n\n\n\n\n229.2\n\n\n\n\n45.00\n\n\n\n\n221.7\n\n\n\n\n1.622\n\n\n\n\n11.57\n\n\n\n\n131.0\n\n\n\n\n934\n\n\n\n\n206.9\n\n\n\n\n30.00\n\n\n\n\n262.6\n\n\n\n\n1.407\n\n\n\n\n11.88\n\n\n\n\n114.9\n\n\n\n\n970\n\n\n\n\n180.6\n\n\n\n\n15.00\n\n\n\n\n280.1\n\n\n\n\n1.330\n\n\n\n\n11.97\n\n\n\n\n108.8\n\n\n\n\n980\n\n\n\n\n170.9\n\n\n\n \nEquivalent calculations are based on three-year trailing average metals prices of US$ 1214.94 per ounce\n\n\n \nfor gold and US$ 17.48 per ounce for silver. Metal recoveries used were 81% for gold and 88% for silver\n\n\n \nbased on preliminary bottle roll tests. Interpolation by Inverse Distance Methods.\n\n\n \n*AuEQ = ((31.6386 x Au grade) + (0.4928 x Ag grade))/39.06\n\n\n \n**AgEQ = ((0.4928 x Ag grade) + (31.6386 x Au grade))/0.56\n\n\n \n1. A Mineral Resource is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction.\n\n\n \nAn Inferred Mineral Resource is that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity.\n\n\n \nAn Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a ...

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