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Mexican Gold Mining Corp. (MEX.V)

TSXV - TSXV Real Time Price. Currency in CAD
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Previous Close0.1000
Open0.1050
Bid0.1050 x 0
Ask0.1100 x 0
Day's Range0.1050 - 0.1100
52 Week Range0.0600 - 0.1700
Volume65,500
Avg. Volume71,439
Market Cap13.568M
Beta (5Y Monthly)1.78
PE Ratio (TTM)N/A
EPS (TTM)-0.0280
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
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    • GlobeNewswire

      Mexican Gold Welcomes Craig Roberts and Michael Murphy as Technical Advisors

      VANCOUVER, British Columbia, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Mexican Gold Mining Corp. (the “Company” or “Mexican Gold”) (TSXV: MEX) is pleased to announce that Craig Roberts and Michael Murphy have joined the Company as Technical Advisors. Highlights: Michael Murphy is a Founder and Director of Torex Gold, responsible for identifying Torex’s Morelos Gold asset from Teck and arranging a +$240-million financing to acquire the asset. Morelos is now in production and produced over 400,000 oz last year.Craig Roberts is the CEO of New Found Gold and CTO of Palisades Goldcorp, and he has played lead roles in a large number of mining equity financings.Their collective background in mining, Mexico, and financing of development projects will assist the Company as it moves Las Minas towards a Preliminary Economic Assessment. Craig Roberts stated: “I am very much looking forward to working with the Mexican Gold team and as they move ahead with an initial economic evaluation at Las Minas. Many years of exploration work has led to the definition of a resource sufficient to support a maiden PEA economic evaluation. If the results of this study work are positive, the possibility of establishing an initial mining operation based on the currently defined resource with the potential to expand the scale of operations through further exploration success provides an interesting and exciting path forward for Mexican Gold. I have been involved in financing and advising management at several other successful start-ups of smaller underground mining operations in Mexico that have subsequently undergone significant expansions, and am optimistic that a similar path forward can be pursued at Las Minas.” Michael Murphy stated: “I also look forward to working with the Mexican Gold team as a technical advisor. The Las Minas gold and copper project is on track to become one of the next exciting exploration and development projects in Mexico, with the right asset and the right team in place.” Craig Roberts, P.Eng, M.Phil Craig is currently the CEO of New Found Gold, CTO of Palisades Goldcorp, and the CEO of Ethos Gold. He is a mining engineer with over 35 years of operations, consulting, and investment banking experience. His initial experience included management roles in both construction and development, plus five years in operations at a new underground coal mine in British Columbia. With Wright Engineers and Fluor Corporation he participated in economic studies of underground and open pit base and precious metals mining projects worldwide. As an investment banker with First Marathon Securities, National Bank Financial, PI Financial, and Axemen Resource Capital, he has played lead roles in numerous mining equity financings and in advising management and boards on a significant number of merger and acquisition transactions. Michael Murphy BA, MBA, MSc, ICD Michael is a founder and Director of Torex Gold and the CEO of Global Battery Metals. He was responsible for identifying Torex’s Morelos Gold asset from Teck in a very competitive environment, arranging the +$240 million financing, and played a significant role in recruiting the Torex board and management team. Michael remains on the Torex board and is a member of Health and Corporate Social Responsibility committee. He is also the President and CEO of Woodman Capital, a private consulting company. Michael previously spent 15 years in institutional equities in London with Merrill Lynch, Donaldson, Lufkin & Jenrette, and Credit Suisse. 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 acquisitions of prospective precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing the Las Minas Project, which is located in the core of the Las Minas mining district in Veracruz State, Mexico, and 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.caWebsite: 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.

    • GlobeNewswire

      Mexican Gold Engages JDS Energy & Mining for a Preliminary Economic Assessment at the Las Minas Project

      VANCOUVER, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Mexican Gold Mining Corp. (the “Company” or “Mexican Gold") (TSXV: MEX) is pleased to announce that it has formally engaged JDS Energy & Mining Inc. ("JDS") of Vancouver, British Columbia, to conduct a Preliminary Economic Assessment ("PEA") of its 100% owned Las Minas gold-copper project located in Veracruz, Mexico. Highlights: JDS is widely regarded as a leader in mine project engineering and economic assessments in Canada and abroad with in-depth experience in economic assessments and mine-builds in Mexico.The JDS team, as well as certain members of Mexican Gold’s management, conducted a site visit from January 17-19, 2021 as part of their process to completing a PEA.The PEA is scheduled to be completed in the 2nd Quarter of 2021. “After completing a high-level review of the Las Minas project followed by a comprehensive site visit, we look forward to conducting a PEA on the project for Mexican Gold. Although the project is located in an area of steep terrain, it has good access, power, and water infrastructure elements in place. A new resource estimate is being developed based on recent drilling and once that is complete, we will proceed with the PEA,” stated Gord Doerksen, President – Engineering Division, JDS Energy & Mining. “Mexican Gold looks forward to advancing the Las Minas project through a Preliminary Economic Assessment study with a partner like JDS Mining & Energy. Their extensive background in project assessments as well as their in-depth experience in building mines in Mexico will greatly help Mexican Gold move forward at Las Minas,” stated Philip O’Neill, Chief Executive Officer. Overview of PEA The PEA study will focus on practical, fit-for-purpose solutions that will maximize the value of the Las Minas project. JDS anticipates completing the PEA in the 2nd quarter of 2021 and will subsequently file a technical report based on National Instrument (NI) 43-101 guidelines and Canadian Institute of Mining (CIM) best practices. The PEA will provide a solid project evaluation to be used by management to establish the approximate value and outline the key decision points for the future development of the project. The PEA report will be authored by JDS in collaboration with a number of other specialized and experienced consulting and advisory firms in the area of tailings disposal, metallurgy, environmental science, construction/mechanical engineering, and geology. JDS completed a site visit at the Las Minas project from January 17-19, 2021. 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 acquisitions of prospective precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing the Las Minas Project, which is located in the core of the Las Minas mining district in Veracruz State, Mexico, and 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.caWebsite: 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.

    • GlobeNewswire

      Mexican Gold Intersects 21m of 9.82 g/t AuEq and 52m of 3.17 g/t AuEq in Step Out Drilling at El Dorado, Las Minas

      VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Mexican Gold Mining Corp. (the “Company” or “Mexican Gold") (TSXV: MEX) is pleased to announce the final assay results from the 2020 drilling program in which a total of 65 holes were drilled for 10,221m. All of the drilling reported in this news release targeted potential extensions of several zones in the El Dorado resource area. Highlights: Hole LM-20-ED-76 intersected 21m of 9.82 g/t AuEq in the recent El Dorado (“ED”) zone extension and 10m of 6.39 g/t AuEq in the West Dike Contact (“WDC”) zone. This hole confirmed the increase in width of the WDC zone ore shoot by 150% at the south end.Multiple intersections in hole LM-20-ED-81 including 52m of 3.17 g/t and 12m of 4.31 g/t AuEq confirmed a WDC Zone extension of more than 135m by 150m.Hole LM-20-ED-73 intersected 28.3m of 2.03 g/t AuEq in the East Dike Contact (“EDC”) zone ore shoot 150m to the south-east of the previous intersection. * Refer to the drill results table below for estimated true widths and depths “These results mark the successful conclusion of our 2020 drill program which was designed to expand and upgrade resources at the El Dorado resource zone. Drilling demonstrated that the deposit remains open in several directions and significantly expanded tonnage. This drilling will form the basis for an updated resource model and a Preliminary Economic Assessment at Las Minas,” stated Philip O’Neill, Chief Executive Officer. Hole IDFrom(m)To(m)Length(m)AuEqg/tAu g/tCu%Est. TrueWidth (m)AzimuthDipLM-20-ED-7260.578.5183.382.450.66-8185-75including60.572.5124.643.340.844-5 LM-20-ED-73197.1225.428.32.031.480.362080-55LM-20-ED-7514314742.651.780.583115-55and157172152.762.420.2211 and18919342.111.920.123 LM-20-ED-76139149102.141.230.617.599-50and179200219.829.320.3316.1 LM-20-ED-77110.7120.7103.522.090.96uncertain90.5-53LM-20-ED-7814114322.091.850.321.588-55and16316521.741.370.241.5 LM-20-ED-79899122.011.50.311.595-55LM-20-ED-8196106102.581.720.54uncertain212-70and128180523.171.51.1uncertain including128162343.941.831.4uncertain and193205124.312.551.1811 and22423061.550.890.435.6 LM-20-JB-40130.3132.321.690.310.931.9268-72LM-20-JB-41154.21627.81.851.050.515.5273-45LM-20-JB-42715.48.41.411.030.22uncertain273-75and11011992.430.990.949 LM-20-JB-43606442.390.61.2490-48LM-20-JB-4420.534.5142.521.080.9614265-48LM-20-JB-4564.774.7101.520.540.639.779-75including64.766.725.261.72.332 LM-20-JB-4673.2751.810.683.624.63uncertain270-55and148.4152.444.382.311.333.3 Table 1: Assay Results from the 2020 Drill Program at Las Minas Holes LM-20-ED-74, LM-20-ED-80, LM-20-LB-03, and LM-20-LB-04 returned no significant assays. The AuEq grade is calculated using the following formula: g AuEq/t = g Au/t + (0.0123077 x g Ag/t) + (1.4492753 x %Cu) This formula is based on prices of US$1,300.00 per ounce gold, US$16.00 per ounce silver, and US$2.75 per pound copper. Metal recoveries were not included in the equivalency calculation since the metallurgical studies completed to date indicate a recovery of 89 per cent for gold, 84 per cent for silver and 95 per cent for copper. West Dike Contact Zone (WDC) Drilling: The WDC zone consists of mineralization within 2 sub-parallel structures related to steeply-dipping diorite-marble contacts and the thickened, enriched ore shoots formed where the dike contacts meet the flat-lying El Dorado zone sill contact. Each has a distinct mineralization style. The WDC zone ore shoot is the richest portion of the Las Minas resource, so the recent expansion of this zone is significant. The southern half of the vertical portion of the WDC zone, now defined by multiple intersections, was essentially theoretical until recent drilling. Holes LM-20-ED-76 (21m of 9.82 g/t AuEq) and LM-20-ED-81 (12m of 4.31 g/t and 8m of 3.34 g/t AuEq) successfully infilled the 100m by 75m expansion of the WDC-ED Zone ore shoot created by recent drilling. These holes also intersected the upper WDC zones above and below these ore shoot intersections. Drilling on the southern limbs of the WDC vertical zone has and defined an up-dip height of 135 to 170m over 150m of strike: LM-20-ED-75 cut a composite mineralized zone including 15m of 2.76 g/t AuEq, which has extended the zone 100m to the south. LM-20-ED-72 (18m of 3.38 g/t AuEq) cut the WDC Zone 135m up-dip from the ED zone top and 215m up-dip from the lowest WDC zone intersection in the area. The true width of the zone here is uncertain (likely 6 to 8m) as the hole was drilled steeply to the zone orientation. LM-20-ED-81 was also drilled steeply to the zone due to terrain constraints. A nearly continuous 135m of mineralization was encountered which included multiple intersections of the upper and lower WDC Zones and the ED Zone. The true widths of these intersections cannot be established but may be inferred from surrounding intersections which were oblique to the zone. East Dike Contact Zone (EDC) Definition and Expansion: The EDC has similar morphology to the WDC, with lesser thicknesses and grades, but it had not been included in previous resource modelling due to sparse drilling. Multiple mineralized intercepts in the 2020 program define continuous mineralization, which remains open to the SE. LM-20-ED-73 intersected 28.3m of 2.03g/t AuEq closely above the EDC-ED Zone ore shoot. This is an 80m extension from the closest EDC zone intercept in hole LM-20-ED-59 and a 150m extension of the ore shoot to the south-east from hole LM-20-ED-57. West El Dorado (ED) Zone Expansion: Drilling detailed in the previous news releases of 2020 had appended a 450m long strip 90 to 135 m wide to the ED zone. The latest holes focussed on continuing this expansion to the north. LM-20-JB-41 (7.8m of 1.85 g/t AuEq) and LM-20-JB-46 (4m of 4.50 g/t AuEq) represent 160m and 140m west extensions to the ED zone 100m and 150m north of pre-2020 drilling. LM-20-JB-42 (9m of 2.43 g/t AuEq) successfully infilled the 160m extension of hole LM-20-JB-41. WDC Zone North Extension: The EDC Zone extends as far north as the ED Zone but weakens in its northern reaches. Holes LM-20-JB-44 (14m of 2.52 g/t AuEq) and LM-20-JB-45 (10m of 1.52 g/t AuEq) extended the WDC zone a total of 180m to the NW, to complement the ED zone expansion in this area. Quality Assurance/Quality Control 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 National Instrument 43101. Mr. Bernales is responsible for logistics and supervision of all exploration activity conducted by Mexican Gold on the property. The Company has implemented and adheres to a strict Quality Assurance/Quality Control program which includes inserting mineralized standards and blanks into the sample stream, about 1 for every 10 samples. The standards and blanks were obtained from CDN Resource Laboratories Ltd. of Langley, BC, Canada. Each sample bag is properly sealed and kept in a secured, restricted storage place prior to shipping to the lab. Samples are shipped directly by Mexican Gold or picked-up by the lab vehicle with chain of custody/sample submittal signed and dated. The Company sends its samples to SGS Mineral Services (ISO/IEC 17025) at Durango, Mexico, an accredited and independent laboratory. 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 acquisitions of prospective precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing the Las Minas Project, which is located in the core of the Las Minas mining district in Veracruz State, Mexico, and 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.caWebsite: 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.