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Mexican Gold - MEX.V

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3 weeks 2 days ago #119842 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
Mexican Gold Signs 3,000 Metre Drill Contract for Drilling Program at Las Minas

THUNDER BAY, Ontario, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. ("Mexican Gold" or the "Company") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce the signing of a diamond drilling contract for commencement of its 2018 Phase 1 resource expansion drilling program at the Las Minas property, Veracruz State, Mexico. The company has contracted with K.D.L. Mexico S.A. de C.V. for 3,000 metres of drilling, scheduled to commence in early February.

The drilling program will focus on expansion of the El Dorado/ Juan Bran zone and the recently discovered high-grade El Dorado Dike Contact zone. Resource expansion drilling will also be carried out to extend the high - grade skarn mineralization outlined by earlier drilling at the Santa Cruz zone. The Eldorado/ Juan Bran and Santa Cruz zones comprise the initial 43-101 resource estimate and remain open for expansion both along strike and down dip.

Exploration drilling will be also be carried out at the Cinco Senores and Nopaltepec mineralized zones to test geophysical targets and extend known areas of mineralization.

“The program will build on our highly successful 2017 Phase 2 drill program as we move forward to an expanded resource estimate for these two zones,” stated Brian Robertson, President & CEO. “We are very excited with the results of the Phase 2 program which delineated the high-grade El Dorado Dike Contact zone and extended the El Dorado/ Juan Bran zone by a further 65 metres to the west. We look forward to expanding the high – grade Santa Cruz zone and testing high-potential targets that have been identified on the property.”

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1 month 1 day ago #119801 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
Mexican Gold Extends High - Grade El Dorado Dike Contact Mineralization at Las Minas

THUNDER BAY, Ontario, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (the “Company” or “Mexican Gold ”) (TSXV:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce additional positive drill results for drilling recently completed to extend the high - grade dike contact mineralized zones at its Las Minas property. All holes returned significant mineralization, including 7.86 g/t Au Eq (3.91 g/t Au, 5.93 g/t Ag, 2.36% Cu) over 18.0 metres in hole LM – 17 – ED – 44.

The current drill results are for holes drilled along the east and west contacts of the El Dorado Dike Contact zone. The west contact zone has been delineated for over 360 metres along strike. The recent drilling outlined high- grade mineralization on the east contact zone over a strike distance of 140 metres. Both zones remain open along strike for expansion. Additional expansion and delineation drilling is scheduled to commence in early February.

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2 months 1 week ago #119659 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
Right, was good News. I think this will fly next year. Probably a few holders selling shares from the 0,15 PP

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2 months 1 week ago #119654 by Gambler
Gambler replied the topic: Mexican Gold - MEX.V
They had the drill news today? Some good numbers probably year end weakness the reason did not move

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2 months 1 week ago #119653 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
Mexican Gold Intersects 7.18 g/t Gold Equivalent (2.00 g/t Au, 13.13 g/t Ag, 3.05% Cu) Over 14.0 Meters at Las Minas Dike Contact Zones

THUNDER BAY, Ontario, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. (the “Company” or “Mexican Gold”) (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) has intersected significant mineralization in four recently completed holes to test the dike contact mineralized zones at the Las Minas property. All holes returned wide intervals of high-grade mineralization, including 7.18 grams/ tonne gold equivalent (g/t Au Eq) (2.00 g/t Au, 13.13 g/t Ag, 3.05% Cu) over 14.0 metres in hole LM-17-ED-41.

ceo.ca/@nasdaq/mexican-gold-intersects-7...-gold-equivalent-200

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2 months 1 week ago #119644 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
Expect News today from MEX

Assays pending

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3 months 21 hours ago #119517 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
Mexican Gold Intersects Long Intervals of Mineralization in Five Additional Diamond Drill Holes at El Dorado Dike Contact Zone

THUNDER BAY, Ontario, Nov. 23, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. ("Mexican Gold" or the "Company") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) is pleased to announce that drilling to expand the high-grade dike contact mineralization outlined in hole LM-17-ED-40 has successfully intersected long intervals of chalcopyrite-magnetite mineralization in five additional recently completed holes. All of the holes intersected mineralization, with core intervals varying from 21 metres to 42 metres in length. The mineralization is located adjacent to and on both sides of the 70 metre wide dike with a known strike distance of 700 metres. The Eldorado/Juan Bran Zone has also been found to thicken substantially approaching the dike, which appears to be a vertical offshoot from the main El Dorado Sill.

Highlights from the Five New Diamond Drill Holes LM -17- ED-41, 42 & 43 and LM -17-JB-22 & 22 A

LM - 17- ED- 41 intersected 42.0 metres of chalcopyrite - magnetite mineralization from 42.6 to 84.6 metres (see Figure 1 Core LM - 17- ED - 41)
LM - 17- ED- 42 intersected a cumulative 48 metres of chalcopyrite - magnetite mineralization (see Figure 2 Core LM - 17- ED - 42)
LM - 17- JB-22 intersected 20.3 metres of chalcopyrite - magnetite mineralization from 40.3 metres to 60.6 metres before being lost due to technical problems. (see Figure 3 Core LM- 17- JB - 22)
LM-17- ED-JB-22A intersected a cumulative 28.0 metres of chalcopyrite - magnetite (see Figure 4 Core LM -17- JB - 22A)
LM- 17- ED- 43 intersected 28.0 metres of chalcopyrite - magnetite from 52.9 to 82.9 metres. The hole was drilled on the east side of the dike. (see Figure 5 Core LM -17- ED- 43)
Assay results are pending and expected to be received by mid-December.

All intervals are core lengths and are estimated to be 95 percent of true width in hole ED-41 and +70% of true width in other holes.

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3 months 1 week ago #119460 by PerseusLtd
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Mexican Gold Corp Announces Exercise of Warrants by Largest Shareholder, Palisade Global Investments Ltd., Resulting in $833,250 of Proceeds for Drilling

THUNDER BAY, Ontario, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Mexican Gold Corp. ("Mexican Gold" or the "Company") (TSX-V:MEX) (OTCMKTS:SRXLF) (FRA:4QW1) announces that Palisade Global Investments Ltd. has exercised 3,333,000 non-transferable common shares purchase warrants of Mexican Gold Corp. The common shares of Mexican Gold were issued pursuant to the terms of the warrant certificates issued by the Company in connection with a financing completed in February of 2017. The warrants were exercised at a price of $0.25 per share and resulted in the issuance of 3,333,000 common shares of Mexican Gold for total proceeds of $833,250. No commissions or placement fees are payable in respect of the exercise of the warrants. Proceeds from the exercise of the warrants will be used for diamond drilling at Mexican Gold’s Las Minas property and general corporate purposes.

"We appreciate this continuing strong support by Palisade Global Investments, Mexican Gold’s largest shareholders," commented Brian Robertson, President and Chief Executive Officer, Mexican Gold Corp. "This an exciting time for our Company as we continue our drill program focused on resource expansion of the high – grade zones recently intersected by drilling at the property.”

“The results of this past week demonstrate the outstanding potential of the Las Minas project and confirm our thesis in making our initial investment,” stated Sean Zubick, Principal & Co-Founder, Palisade Global Investments Ltd. “The potential exists for a significant deposit at Las Minas in terms of both grade and size. Palisade Global will continue to support Mexican Gold moving forward.”

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3 months 1 week ago #119441 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
Yesterday with a strong Hole

Cuts Several High Grade Intervals Including 38 M of 9.24 g/t Au Eq

www.mexicangold.ca/_resources/news/nr-2017-11-14.pdf

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4 months 21 hours ago #119243 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
A guy who was at the Conference at the weekend, where Mexican Gold has participated wrote:

Afraid I don't have a lot of project-specific info. My sense for MEX is based on the people involved. Strong promotional aspect through Palisade, which is clear as they were one of few companies invited to sponsor unique conference that just happened. Maybe not loud retail promotion yet but effective regardless. And the technical people are exceptional. I had 90 minute car ride with CEO Brian Robertson today. Asked him everything I could think of about mining and he was great conversationalist. Not always a given with mine engineers. He has the experience to create value with the drill bit! Again, lots that I don't know about MEX but what I've seen so far is exceptional. Sometimes it can be hard to hold that together and capture potential for many reasons, but I think people involved are on same page and capable of building a good junior mining company and a good stock. No idea what best-case upside or how much downside there is at present, but I would expect that it's skewed in favourable direction under present conditions.

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4 months 5 days ago #119216 by PerseusLtd
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4 months 5 days ago #119197 by PerseusLtd
PerseusLtd replied the topic: Mexican Gold - MEX.V
I invested in MEX in the last few months and I am happy. The company delivers all what they said. Now I am waiting for the event they are participating in this week - speaker is E.Sprott.
I think we see buying power after this with news from the drill program.

They like to grow the Resource to 2-3 M ounces

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