Mexican Gold Corp – More Assays, More Gold – Resource Extension

Palisade Research May 9, 2018
Category: Research

Mexican Gold Corp. (CVE:MEX, FRA:4QW1) continues its hot-streak – this time drilling 3.87 g/t AuEq over 6.0 meters.

Step-out hole LM-18-JB-25 was drilled 33 meters west of the boundary of the El Dorado/Juan Bran (EDJB) zone outlined by the maiden resource estimate.

The El Dorado/Juan Bran zone outcrops on surface and occurs as a flat lying to sub-horizontal body measuring 650 metres (north-south) by 250 metres (east-west).

The zone varies in thickness from 6.0 to 28.0 meters.

The outstep not only will increase the current resource but increase the grade as well.

(Step-out holes LM-18-JB-25 & LM-18 JB-24)

More amazingly, step-out hole LM-18 JB-24 was drilled 206 meters northwest of the El Dorado/Juan Bran zone and hit mineralization. To put that into perspective, that is two whole football fields away from the defined resource.

These step-out also moves ELJB closer to Cinco Senores, which we believe is connected.

LM- 18-SC-6A & 17A were drilled to test the continuation of the Santa Cruz mineralization to depth. Both holes intersected an additional 8 meters of mineralization below the limits of previous drilling – while drilling has not connected the EDJB with Santa Cruz, we expect it eventually will.

Which all equates to more gold.

Mexican Gold already has a million-ounce resource – and every drill hole drilled is growing and high-grading it.

Yet the company’s C$16M market cap is smaller than many ExplorCos with greenfields and barren holes.

When will the market catch on?

Las Minas is shaping up to be a World-Class project, and Mexican Gold will continue drilling.

We will continue to support and wait.

 

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 The information in this report may become outdated and there is no obligation to update any such information.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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