- Mexican Gold Mining (MEX) has launched a 10,000-metre drill program at its Las Minas project in east-central Mexico
- The program will follow up on the discoveries made last year at the Cinco Senores Vein, along with three other priority target areas
- These results included 5.2 metres of 8.7 grams per tonne of gold from 114 metres
- Drilling will also seek to expand and upgrade the current resource at El Dorado, which remains open in several directions
- Mexican Gold Mining (MEX) is currently up 4.76 per cent and is trading at C$0.11 per share
Mexican Gold Mining (MEX) has launched a 10,000-metre drill program at its Las Minas project in east-central Mexico.
Kluane Drilling, which has been retained for the 2020 program, began work at the project on July 1.
The program has been designed with a primary focus on expanding and upgrading the current resource at El Dorado, which remains open in several directions.
It’s thought that a number of satellite intersections may connect with the main resource region, and a careful study of various models is being used to optimise the results of this program ahead of an upcoming Preliminary Economic Assessment.
In addition to the work at El Dorado, the program will follow up on discoveries made at the Cinco Senores Vein in November last year.
A hole of 114 metres in vertical depth previously intersected a shallow-dipping, pyrite-rich quartz vein that returned 5.2 metres at 8.94 grams per tonne of gold, as well as 21.37 grams per tonne of gold over two metres.
Drilling at this target will seek to define the currently unknown veining and identify additional strong gold values.
Philip O’Neill, CEO of Mexican Gold Mining, said he is excited to be working on the various follow up activities.
“This discovery demonstrates the well-endowed nature of Las Minas and the potential for opening up another area of significant gold mineralization at the project.
“At the same time, we will be drilling brand new targets at Changarro, Cinco Senores Skarn, and Las Minillas, as well as drilling at El Dorado for resource expansion and upgrading,” he said.
Mexican Gold Mining (MEX) is up 4.76 per cent and is trading at C$0.11 per share at 11:27am EDT.