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.

Stockwatch Daily - - FRONT PAGE - Mr. Brian Robert­son re­ports

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 (erikaf@stock­watch.com).

John David An­der­son, David Gor­den Glenn, Brian Ernest Robert­son, Ali Za­mani

(MEX) Shares: 34,341,660

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