Highlights:
- Mexican Gold has engaged Consultoría y Tecnología Ambiental (“CTA”), based in
Zacatecas, Mexico , to begin an environmental baseline study at theLas Minas project for inclusion in Mexican Gold’s preliminary economic assessment study (“PEA”) - Further, the Company has engaged
Kluane Drilling (“KDL”) to commence a +3,000-meter drill program atLas Minas in early July
“The commencement of the environmental baseline study at
Drilling Program
The Company will embark on a +3000m drill program to expand and upgrade the current resource at
A comprehensive drill program will also follow up the
High grade gold assays were received in early 2020 from a historic mine in the Changarro area which had not been sampled for at least a century. Channel samples spaced 3m apart and averaging 0.65m in width returned an average of 8.82 g/t gold along the entire 52m drift. These strong results precipitated exploration work in February-
Environmental Baseline Study
Consultoría y Tecnología Ambiental has commenced an environmental baseline study of the resource area at the
The surface water study will involve taking samples from the nearby rivers/creeks to analyze concentrations of metals and mercury (total and dissolved) and other inorganic parameters (chlorides, pH, color, sulphates, hardness, dissolved oxygen, total suspended solids, and conductivity). The flora and fauna study will make observations along transects in the project’s area of influence to identify species of herpetofauna, birds, and flora, including possible protected species from these three groups. The work will be carried out by three biologists specialized in these three specific groups. The biologists who will also perform the collection of the water samples for analysis at an accredited Canadian laboratory. At the conclusion of the program, CTA will prepare and present the Company with an environmental baseline study report.
Quality Assurance/Quality Control
The technical information in this news release has been reviewed and approved by Sonny Bernales, P. Geo., a registered Professional Geoscientist in the Province of
The Company has implemented and adheres to a strict Quality Assurance/Quality Control program which includes inserting mineralized standards and blanks into the sample stream, about 1 for every 10 samples. The standards and blanks were obtained from
About Consultoría y Tecnología Ambiental
With offices in
About
For more information, please contact:
Philip O’Neill – CEO, President, and Director
E-mail: info@mexicangold.ca
Website at www.mexicangold.ca
Neither the
All statements in this press release, other than statements of historical fact, are "forward-looking information" with respect to Mexican Gold within the meaning of applicable securities laws. Mexican Gold provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to market conditions, exploration findings, results and recommendations, as well as those risks and uncertainties identified and reported in Mexican Gold’s public filings under Mexican Gold’s SEDAR profile at www.sedar.com. Although Mexican Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Mexican Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.
Source:
2020 GlobeNewswire, Inc., source