Mexican Gold Re-commences Field Operations at Its Flagship Las Minas Project and Announces the Termination of the Business Co...
February 19 2020 - 3:00PM
Mexican Gold Mining Corp. (the “Company” or “Mexican Gold") (TSXV:
MEX) announces that along with New Found Gold Corp. (“NFGC”), 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 occurrence in a previously
unexplored area near the Cinco Senores prospect where the Company
intersected 21.37 g/t gold over 2m and 8.94 g/t gold within the
entire 5.2m altered zone in hole LM-19-CS-13. Please refer to
Mexican Gold’s January 21, 2020 new release for further
information.
Qualified Person
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 British Columbia and a qualified
person as defined by NI 43-101. Mr. Bernales is
responsible for logistics and supervision of all exploration
activity conducted by Mexican Gold on the property.
About Mexican Mining Gold Corp.
Mexican Gold Mining Corp. is a Canadian based mineral
exploration and development company committed to building long-term
value through ongoing discoveries and strategic acquisitions of
prospective precious metals and copper projects in the Americas.
Mexican Gold is exploring the Las Minas Project, which is located
in the core of the Las Minas mining district in Veracruz State,
Mexico, and is host to one of the newest, under-explored skarn
systems known in Mexico.
For more information, please contact:
Philip O’Neill – CEO, President, and DirectorE-mail:
info@mexicangold.caTelephone: (604) 638-1428Website:
www.mexicangold.ca
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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.
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