High-Grade Gold And Silver Mineralization At Pueblo Nuevo Concession

 

THUNDER BAY, ON - Mexican Gold Corp. reported on its recent sampling program at its newly acquired Pueblo Nuevo concession at the Las Minas project. The sampling was carried out on the Tamiagua 1, Tamiagua 2, and Dos Rios vein structures. Sampling of the Tamiagua 1 vein structure yielded up to 24.86 g/t gold and 17.8 g/t silver or 25.13 g/t Au Eq over 0.25 m, contained within a 0.72 m interval grading 19.09 g/t gold and 10.6 g/t silver or 19.24 g/t Au Eq. A sample from the shaft at the Tamiagua 2 vein structure graded 13.68 g/t gold, 29.8 g/t silver or 14.90 g/t Au Eq over 0.20 m. A chip sample of the vein outcropping on surface graded 15.93 g/t gold. 98.6 g/t silver or 17.3 g/t Au Eq. Sampling of the Dos Rios vein yielded 3.23 g/t gold, 25.2 g/t silver or 3.67 g/t Au Eq over 0.30 m. 

Brian Robertson, President and CEO stated, "We are excited about these high- grade sample results. The high-grade, gold bearing veins on the Pueblo Nuevo concession occur along the same sill contact and are believed to be part of the same metallogenic system as the better-known Au-Cu skarn deposits a few kilometers away at Las Minas proper. We look forward to carrying out further sampling and drilling at this highly mineralized site."

The Tamiagua 1, Tamiagua 2 and Dos Rios vein structures are two of eight known veins on the Pueblo Nuevo concession. The concession encompasses several historical underground mines and adits including the La Miqueta, La Miqueta Alta, Marangola, Murcielagos, Dos Rios and El Cobre. All of these vein systems strike NNE to NE. The La Miqueta mine was extensively mined in the past and has 21 known levels. Historic mining activity was carried out on narrow (10-20 cm) quartz veins in both diorite and marble, extending approximately 100 meters on strike and over 100 meters vertically.