Mexican Gold drills 54 m of 6.91 g/t AuEq at Las Minas
Mexican Gold Corp. has drilled 54 metres of 6.91 grams per tonne gold equivalent at its Las Mina proeprty in Mexico. At the same intercept it has also drilled 38 m of 9.24 g/t AuEq.
ASSAY RESULTS have been returned for resource expansion hole LM-17-ED40 at Mexican Gold Corp.’s Las Minas property, first announced as mineralized over 77.2 metres. The assay results returned a cumulative 94.35 metres of high-grade mineralization over three zones. The main zone, which is the largest of the three zones, returned 54.0 metres grading 6.91 grams per tonne gold equivalent (g/t AuEq), including 38.0 metres at 9.24 g/t AuEq.
Additionally, stepout drill holes LM-17-JB-19, LM-17-JB-20 and LM-17-JB-21 extended the El Dorado zone beyond its western limit. The drilling increased the strike width of the initial resource by an additional 65 metres, from 300 metres to 365 metres, over a lateral distance of 395 metres.
Highlights from diamond drill hole LM-17-ED-40 include:
• 9.24 grams per tonne gold equivalent (g/t AuEq) over 38.0 metres in main zone;
• 3.99 g/t AuEq over 11.35 metres in middle zone;
• 5.33 g/t AuEq over 5.0 metres in upper zone. Highlights from diamond drill hole LM-17-JB-19:
• 4.01 g/t AuEq over 5.00 metres in upper zone;
• 3.45 g/t AuEq over 9.00 metres in lower zone. Highlights from diamond drill hole LM-17-JB-20:
• 3.12 g/t AuEq over 4.00 metres. Highlights from diamond drill hole LM-17-JB-21:
• 2.89 g/t AuEq over 12.80 metres.
Brian Robertson, president and chief executive officer, commented: “The results of the recent resource expansion drilling clearly demonstrate the significant potential to expand the re source at L as Minas. The major increase in the strike width of the resource, plus the resource expansion, and the addition of two new zones in hole LM-17-ED-40, bodes well for a significant increase in tonnage. And, more importantly, the long higher-grade intervals, grading up to five times greater than the initial resource estimate, will also positively impact the economics of the project.”
(See MEX Table 1 on page 13)
The main zone intersection extended the mineralization a further 23.0 metres below the the lower constraint of the initial mineral resource. The upper 19.0-metre zone and the middle 21.35-metre zone are both outside of the resource estimate. The true widths for the main zone and middle zone are estimated to be 94 per cent of core widths. Additional information is required to determine the true width of the upper zone.
Holes LM-17-JB-19, 20 and 21 were drilled as stepout holes along the western limit of the El Dorado/Juan Bran zone. All of the holes successfully returned mineralized intervals up to 65 metres beyond the resource outline over a lateral distance of 395 metres.
The focus of the drilling program has been shifted from Cinco Senores to the El Dorado zone to further delineate the high-grade zones outlined in hole LM-17-ED-40. Assays are uncut, length-weighted average values.
We seek Safe Harbor.
Erika Flores condensed this news release (email@example.com).
John David Anderson, David Gorden Glenn, Brian Ernest Robertson, Ali Zamani
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