Mexican Gold – Latest Drill Results Made Me Spit My Morning Coffee Out
I woke up like any other Thursday and read my morning newsletters while drinking coffee.
I didn’t expect to end up spitting it all over my cat.
But that’s what happened. . .
Let’s get you up to speed.
Last November, Mexican Gold (CVE:MEX, OTCMKTS:MEXGF, FRA:4QW1) shared with the market their infamous drilling results – Hole ‘LM-17-ED-40.’
The hole had 94.35 meters of high-grade mineralization over three zones.
The main zone – the largest of the three – returned 54.0 meters grading 6.91 g/t AuEq. Not to mention 38.0 meters at 9.24 g/t Au Eq.
The green in the above picture is a ‘Dike’ – a sheet of rock that’s formed in a fracture within a pre-existing rock body.
The Dike itself does not have gold, but the contact on the east and west side of it does.
And it’s a lot.
Mexican Gold continues to test and drill the Contact’s mineralized zones at its Las Minas property.
The results keep coming back better than expected – confirming that mineralization occurs on both sides of the Dike.
The ‘Eldorado Dike Contact zone’ has been outlined over 330 metres along strike with both east and west dike contact zones open for expansion along strike.
Without using hard words and scientific jargon – I’ll summarize.
They have a large property and they keep discovering gold and silver as they drill.
Mexican Gold announced today their best hole to date – LM-18-ED-49 – which showed 10.19 g/t AuEq over 38.0 meters, including 15.13 g/t AuEq over 12.0 meters.
But here’s the most exciting part.
LM-18-ED-49 was drilled 152 meters away from the original monster hole last November. . .
Could they be sitting on one massive gold mine that they’ve only just scratched the surface of?
Mexican Gold is only halfway through their 3,000-meter drill campaign – what other great results can we expect over the coming months?
The geology is simple, and there is no denying the gold potential is the real deal.
As my team and I have mentioned – we think there is a lot more gold that’s waiting too be discovered.
Mexican Gold Corp could potentially be sitting on a multi-million ounce deposit. . .
The company’s share price continues to ignore the results.
But that’s good news for you and I = we can buy quality at a steep discount.
Let Mr. Market twiddle his thumbs – that just means more for us.
Then once the crowd catches on – we can sell them back our shares at much higher prices.
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.