Mexican Gold Corp. announces organizational changes planned to advance its Las Minas Project towards a point of development and further exploration. John Anderson will become the new Chairman of the Company replacing the current Chairman Ali Zamani, who will remain on the Board of Directors. In addition, Carl Hering will be appointed CEO of MEX. Mr. Anderson, a current Director of the Company, will step in as the new [...]
THUNDER BAY, Ontario, July 24, 2018 -- Mexican Gold Corp. announces that continued sampling of historical mines and new discoveries at the Changarro zone has yielded significant assay results including: Plan of the Las Minas Area Showing 2018 Surface Exploration Zones 2018 Sampling in the Changarro – La Perdida Area Overburden Stripping at La Lola Mine 5.11 g/t gold, 7.15% zinc over 2.0 metres from outcrop 7.0 [...]
Mexican Gold is pleased to announce that its on-going field exploration program at Pueblo Nuevo continues to yield high-grade sampling results. Recent assays from sampling of newly discovered surface outcrops and historical mines include: Plan of the Las Minas Area Showing 2018 Surface Exploration Zones Sampling in the Pueblo Nuevo Valley Area 81.3 g/t Au + 91.1 g/t Ag + 17.1% Zn over 0.20 metres 25.2 g/t Au + 165.8 g/t [...]
THUNDER BAY, Ontario, May 23, 2018 -- Mexican Gold Corp. is pleased to announce that its common shares are now DTC eligible. The DTC is a subsidiary of the Depository Trust and Clearing Corporation, which was created to improve efficiencies and reduce risks in the clearance and settlement of securities transactions. When DTC provides services as the depository for a company’s shares, the shares can be traded [...]
THUNDER BAY, Ontario, May 16, 2018 -- Mexican Gold Corp. announces that it has granted 100,000 incentive stock options to a director of the Company pursuant to Mexican Gold’s Stock Option Plan. The options are exercisable at a price of $0.37 for a period of ten years. The options vest as to one-third after twelve, eighteen and twenty-four months respectively from the effective date of the grant. The grant of options [...]
THUNDER BAY, Ontario, May 09, 2018 -- Mexican Gold Corp. is pleased to announce additional positive drill results for recently completed step-out drilling at the El Dorado/Juan Bran and Santa Cruz zones. Step-out hole LM-18-JB-25 intersected high–grade mineralization grading 3.87 g/t Au Eq 206 metres north-west of the El Dorado/ Juan Bran zone. Plan View of Diamond Drill Hole Collars and Traces. Infill drilling at [...]
THUNDER BAY, Ontario, May 01, 2018 -- Mexican Gold Corp. is pleased to announce that its 2018 Field Exploration Program at the Changaro zone has yielded high-grade sampling results. Channel sampling carried out at the historical La Perdida mine assayed: Sampling Changaro Mine Mineralized Skarn Zones at Las Minas Historical Mine Workings at Changaro 13.48 g/t Au Eq over 8 metres, including 27.76 g/t Au Eq over 2.0 metres [...]
THUNDER BAY, Ontario, April 20, 2018 -- Mexican Gold Corp. announces that it has granted 174,000 incentive stock options to directors and officers of the Company pursuant to Mexican Gold’s Stock Option Plan. The options are exercisable at a price of $0.39 for a period of ten years. The options vest as to one-third after twelve, eighteen and twenty-four months respectively from the effective date of the grant. A [...]
THUNDER BAY, Ontario, April 18, 2018 -- Mexican Gold Corp. is pleased to announce initial sampling results for four high-grade gold bearing veins at its Pueblo Nuevo concession. The sampling was carried out at the historical Timiahua I, Tamiahua II, Dos Rios and El Cajon mines. Sampling results at the Tamiahua I reported 90.82 g/t gold and 37.2 g/t silver over 0.42 metres contained within 2.2 metres grading 17.01 g/t gold [...]
Ontario, April 10, 2018 -- MEXICAN GOLD CORP. is pleased to announce that, further to its announcement on March 26, 2018, it has completed a non-brokered private placement for gross proceeds of $1,046,950 at a price of $0.30 per unit . Each Unit consisted of one common share of the Company and one common share purchase warrant . Each Warrant entitles the holder to purchase one common share of the Company at a price of [...]
THUNDER BAY, Ontario, April 10, 2018 -- Mexican Gold Corp. is pleased to announce the first batch of results from its 2018 Phase 1 resource expansion drill program, including multiple high-grade intercepts. The drilling program comprised both step-out and infill drilling, concentrating on little-known mineralized indications on the periphery of the current resource envelope at the Las Minas property. These initial results [...]
THUNDER BAY, Ontario, March 27, 2018 -- Mexican Gold Corp. announces that recent field work at its 100% owned Pueblo Nuevo concession at Las Minas has resulted in the discovery of a number of previously unknown historical gold mines within a cluster of similar mines with demonstrated high grade potential – see press release May 31, 2017. Tamiagua II East Portals. These levels form a stope inside the mine. The west [...]