BREAKING: Mexican Gold Corp’s Eye-Catching 90.82 g/t Gold Sample
When Mr. Market finally catches on – it happens in a blink of an eye. . .
In the last 10 days, Mexican Gold Corp’s (CVE:MEX, OTC:MEXGF) share price’s up over 50%.
So, what’s going on?
Last week we wrote an article that covered the spectacular drill results Mexican Gold released.
The market is finally starting to realize what huge potential this company has on their gold properties. . .
And just this morning, Mexican Gold released even more amazing results.
The initial samplings just carried out at the historic Timiahua I, Tamiahua II, Dos Rios, and El Cajon mines excited us.
Here are the highlights. . .
Results from Timiahua I showed over 17 grams-per-ton (g/t) gold and 7.61 g/t silver over 2.2 metres.
But where it gets really exciting is 0.42 metres containing 90.82 g/t gold and 37.2 g/t silver.
Next was a grab sample of quartz-vein material from the El Cajon mine that showed 32.2 g/t gold and 231 g/t silver.
These results were sampled as part of the company’s Phase 1 field exploration program being carried out at the Pueblo Nuevo concessions and the Santa Cruz, Changaro zones.
We expect as the exploration work continues, these exciting results will follow.
The significant move up in the price highlights the enthusiasm about Mexican Gold’s future.
Mr. Market is slowly grasping what all these results mean. And while he’s mauling over that, we can take advantage of the disconnect.
Mexican Gold’s seriously undervalued on the merits of the resource zone alone. But now, high-grade grab samples from an entirely new area begs the questions –
How much gold is at Las Minas? How many potential resources exist? And how many ounces of gold may one day be mined here?
As I wrote last month. . .
“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.”
The company will get more coverage as the price of gold keeps rising and as MEX continues with their drilling and field work. We expect there to be a lot of buzz from the market.
For instance, Comprehensive Research just released an updated report about MEX – giving them a $1.15 target price.
They understand just how much more gold there really is.
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.