Mexican Gold Mining Corp. , is pleased to announce that further to its news release dated December 29, 2020, regarding its non-brokered private placement of 20 million common shares at an issue price of $0.07 per Share , it has received a lead order from Palisades Goldcorp Ltd. , which is subscribing for 15 million of those Shares. The Private Placement, subject to acceptance by the TSX Venture Exchange, will raise [...]
Mexican Gold Mining Corp. is pleased to announce the undertaking of a non-brokered private placement comprised of 20 million shares of the Company at an issue price of $0.07 per share for aggregate gross proceeds $1,400,000. About Mexican Gold Mining Corp. Mexican Gold is a Canadian-based mineral exploration and development company committed to building long-term value through ongoing discoveries and strategic [...]
Mexican Gold Mining Corp. is pleased to announce results from its annual general and special meeting of shareholders held December 16, 2020. All matters presented to shareholders of the Company for approval at the Meeting as set out in the Company’s management information circular dated October 27, 2020 , were approved by the requisite majority of votes cast at the Meeting, including: Electing all nominees – John [...]
Mexican Gold Mining Corp. is pleased to announce further assay results from the 2020 drilling program. So far, 52 holes have been drilled for 8,075m. The vast majority of the drilling has been targeting various potential extension zones at the El Dorado resource, which remains open in several directions. Highlights: Hole LM-20-ED-69 intersected 32m of 4.56 g/t AuEq and 13m of 6.39 g/t AuEq. This hole increased the width [...]
Mexican Gold Mining Corp. is pleased to announce initial assay results from the 2020 drilling program, which targeted expansion and definition drilling at the existing resource at El Dorado. Drilling is ongoing. Highlights: Mexican Gold has drilled 29 holes for 4,031m, targeting various potential zones of extension of the existing resource at El Dorado, which remains open in several directions Step-outs of between 90m and [...]
Mexican Gold Mining Corp. is pleased to announce that a 10,000 meter drill program is underway at Las Minas, designed to follow up on the discovery made in 2019 at the Cinco Senores Vein target, as well as to test 3 other high priority exploration targets at the project. Additionally, expansion and upgrade drilling is planned to optimize the current resource at El Dorado for inclusion in the upcoming Preliminary Economic [...]
Mexican Gold Mining Corp. is pleased to announce that fieldwork towards completing an environmental baseline study has commenced at the Las Minas project. Drilling at Las Minas is scheduled to commence in early July. Highlights: Mexican Gold has engaged Consultor?a y Tecnolog?a Ambiental , based in Zacatecas, Mexico, to begin an environmental baseline study at the Las Minas project for inclusion in Mexican Gold’s [...]
Mexican Gold Mining Corp. is pleased to announce that upon COVID-19 direction from the Mexican federal government and the state of Veracruz, and through consultations with the Municipality of Las Minas, the Company will commence operations at the Las Minas project in July of 2020 with the goal of having all the inputs for a Preliminary Economic Assessment study completed by the end of the year. Highlights: Achieving all [...]
Mexican Gold Mining Corp. announces that along with New Found Gold Corp., it has mutually terminated the binding letter agreement to acquire all of the issued and outstanding shares of NFGC. The Company also wishes to announce the re-commencement of field operations at its Las Minas project in Veracruz, Mexico. Mexican Gold is preparing for an upcoming drill program to follow-up the discovery of a high-grade gold [...]
Mexican Gold Corp. is pleased to announce that it has completed its previously announced continuation of its incorporation from Ontario to British Columbia and its name change to Mexican Gold Mining Corp. In connection with the Continuance and name change, the Company’s trading symbols of “MEX” for its common shares listed on the TSX Venture Exchange and “MEX.WT” for its share purchase [...]
Mexican Gold Corp. is pleased to announce that Dr. Quinton Hennigh has joined the Company as a special advisor. The Company has an agreement to acquire all the issued and outstanding shares of New Found Gold Corp. which holds a 100% interest in the Queensway Gold Project, located on the Trans-Canada Highway approximately 10 km west of Gander, Newfoundland . Following closing, the Company will be re-named Bonanza King [...]
Mexican Gold Corp. is pleased to announce that on January 26, 2020, it entered into a binding letter agreement with Toronto based New Found Gold Corp. to acquire all of the issued and outstanding shares of NFGC. It is anticipated that the transaction will constitute either a Fundamental Acquisition or a Reverse Takeover pursuant to TSXV policies, and as such the shares of the Company will remain halted pending TSXV [...]