BREAKING: Mexican Gold Corp. Just Released More Spectacular Drill Results

Adem Tumerkan April 10, 2018
Category: Research


Mexican Gold Corp (CVE:MEX, FRA:4QW1, Mkt Cap: C$12M)
began 2018 with a 3,000-metre resource expansion and drilling program – which is still ongoing.

They are also doing a field exploration program – this includes mapping, trenching and sampling at high-potential targets. 

The first set of assays (this means testing of drilled ore to determine the metal quality and content within it) are back – and their golden streak continues.

This hole, labeled LM-ED-18-52, intersected an exciting 5.69 g/t AuEq over 20.0 meters. . .

LM-ED-18-52’s intersection is about 33 meters northwest of the monster hole LM-17-ED-40 (9.24 g/t AuEq over 38.0 meters). And 68 meters north of hole LM-18-ED-49 (10.19 g/t AuEq over 38.0 meters).

This latest hole still demonstrates wide drill spacing – potentially adding additional inferred ounces – and also helps geologists to connect the dots and better understand the resource geometry.

What has become clear is that there is a lot of precious metals at Las Minas.

So, to recap. . .

LM-17-ED-40 was Mexican Gold Corp’s first monster hole that indicated the El Dorado/Juan Bran’s potential to be a high-grade mine. Next, hole LM-18-ED-49 confirmed this by drilling just as high of grades – but 152 meters away.

MEX just released hole LM-ED-18-52, which confirms the continuation of the high-grade minerals related to the juncture of the El Dorado/Juan Bran zone and the El Dorado Dike Contact zone.

All drilling since monster hole LM-17-ED-40 indicates not only a much larger resource estimate – but a much higher-grade one as well. . .

Mexican Gold’s now almost done with their 3000-meter drill program. They are also looking to wrap up an extensive field exploration program at their Santa Cruz, Changaro, and Pueblo Nuevo projects.

At the same time, the company is completing an oversubscribed financing, which means the drills will keep turning and the ounces will keep building.

 

Palisade Global Investments Limited holds shares of Mexican Gold. We receive either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate. The information contained in such write-ups is not intended as individual investment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of Palisade Global Investments and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.

 

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