is pleased to announce that it has closed Tranche One of the previously announced, non-brokered private placement of units in the Company at $0.20 per Unit for gross proceeds of up to $3,000,000, subject to the Company’s option to increase the size of the private placement by 25% as announced in the Company’s October 22, 2018 and November 1, 2018 News Releases. Each Unit offered under the Private Placement [...]
is pleased to report that it has received a positive response to the previously announced financing , which proposed a non-brokered private placement of units at $0.20 per Unit for gross proceeds of up to $3,000,000 . Accordingly, the Company wishes to extend the previously announced November 10, 2018 period for competing the Private Placement, to allow certain interested investor to participate in the Private Placement [...]
is pleased to announce that it intends to complete a non-brokered private placement of up to $3,000,000 at a price of $0.20 per unit with a small group of investors. The Company may, in its sole discretion increase the size of the Private Placement by up to 25% for aggregate gross proceeds of up to $3,750,000 at the price of $0.20 per Unit at any time prior to the closing of the Private Placement. Each Unit will consist [...]
Mexican Gold Corp. is pleased to announce plans to update the initial Las Minas NI 43-101 resource estimate. The updated resource will include the recently discovered high-grade mineralization found in the El Dorado Dike Contact zone as well as additional tonnage delineated by step-out drilling at the El Dorado/Juan Bran and Santa Cruz zones. The updated resource is scheduled for completion in Q1 2019. The company is also [...]
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 [...]
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