Mexican Gold Announces High- Grade Intersection Indicative of Potential Parallel Zone at Las Minas

THUNDER BAY, ONTARIO–(Marketwired – May 15, 2017) – Mexican Gold Corp. (“Mexican Gold “ or the “Company”) (TSX:MEX) is pleased to announce that step-out drilling at the Cinco Senores zone has indicated a potential parallel mineralized zone at the Las Minas property. Step-out diamond drill hole LM-17-CS-04 was drilled at the end of the 2017 Phase 1 drilling program to test the geological concept that the Cinco Senores historic mining area represents a further lobe of the El Dorado mineralized skarn system.

The hole intersected a high- grade 2.0 metre interval with massive chalcopyrite grading 10.8 g/t gold, 41.7 g/t silver and 2.8% copper or 15.98 g/t gold equivalent. The strong presence of chalcopyrite-mineralized magnetite at the targeted skarn elevation in the step-out hole, when combined with earlier drilling and sampling results – see press releases dated February 2, 2011 and August 8, 2011 – is believed to be indicative of a potential El Dorado/Juan Bran type zone at the Cinco Senores mineralized zone

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