MEXICAN GOLD ANNOUNCES SIGNING OF CONTRACT FOR GROUND MAGNETIC SURVEY AT LAS MINAS AND ISSUANCE OF BONUS SHARES

http://www.mexicangold.ca/_resources/news/nr-2017-07-12.pdf

MEXICAN GOLD CORP. (the “Company” or “Mexican Gold”) (TSX-V: MEX) is pleased to announce that Geofisica TMC SA de CV has been engaged to complete ground magnetic survey at the Cinco Senores mineralized zone at Las Minas.
The ground magnetic geophysical survey will target potential extensions to the high-grade intercept in step-out hole LM-17-CS-04, which intersected massive chalcopyrite grading 10.8 g/t gold, 41.7 g/t silver and 2.8% copper gold equivalent over 2.0 metres – see press release dated May 15, 2017. The strong chalcopyrite mineralized magnetite intercept was located approximately 100 metres west of mineralized intercepts outlined by earlier drilling and at the same elevation as the projected El Dorado /
Juan Bran skarn zone – see cross section in Figure 1. When combined with earlier drilling and sampling results, step-out hole LM-17-CS-04 is believed to be indicative of a potential El Dorado / Juan Bran type zone at Cinco Senores. The survey will also cover historical mine workings with associated magnetite mineralization. The high–grade values at Las Minas are associated with skarn-type alteration with high magnetite content.

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