- First Mexican Gold (TSXV:FMG) has revealed its upcoming exploration plans at the Golden Giant Project in Quebec
- The company has sent a team of four geologists to the James Bay region for three weeks, to conduct a helicopter-assisted prospecting program
- The team has already competed some helicopter prospecting on the western block of the site, and will now be doing the same on the eastern block
- The assays from the grab results taken from the western section of the property are still pending
- First Mexican Gold (FMG) is down 6.9 per cent and is trading at C$0.34 per share
First Mexican Gold (TSXV:FMG) has revealed its upcoming exploration plans at the Golden Giant Project in Quebec.
The company has sent a team of four geologists to James Bay for three weeks, to conduct a helicopter-assisted prospecting program.
With the initial block of work completed on the western block of the site, First Mexican will now be building a geological map of the site, focusing on the eastern block of Golden Giant.
The company has already completed the prospecting work on the site’s western block.
The previous work resulted in several outcrops mapped and sampled, along with several significant areas of hydrothermal alteration.
The assays from the grab results taken from the western section of the property are still pending.
President and CEO of First Mexican Gold, Albert Contardi said the phase one program has already shown signs of success, and had returned numerous areas of interest, most notably the site’s Azimut Patwon discovery.
“We have seen several areas across the project that are very exciting for us and are significant in terms of size, alteration, and mineralization.
“We look forward to the upcoming assays results across the Golden Giant from phase one and will continue to update the market as we continue to explore the project and are eager to initiate phase two in the near future,” he said.
The Golden Giant property is made up of two land parcels, covering 8,865 hectares. One of these properties is contiguous with Azimut Exploration’s Elmer project and is 2.8 kilometres south of the region’s Patwon gold discovery.
First Mexican Gold (FMG) is down 6.9 per cent and is trading at C$0.34 per share at 2:10 pm EDT.
