First Mexican Update on Guadalupe Property, Mexico
28 Avril 2016 - 5:46PM
First Mexican Gold Corp. (the `Company` or `FMG`) (TSX-V:FMG)
(Frankfurt:21M) wishes to advise that as a result of a review by
the British Columbia Securities Commission, we are issuing the
following news release to clarify our disclosure. First
Mexican Gold wishes to advise the public that its October 28, 2014
technical report, as currently filed, does not comply with the
requirements of NI 43-101. As such, the resource estimates on its
Guadalupe project are not supported by the compliant NI 43-101
technical report, contrary to NI 43-101, and that the resource
estimates should not be relied on until they have been verified and
supported by a revised technical report. The Company is working
with its consultants and Qualified Persons (as that term is defined
under NI 43-101) to file a revised technical report as soon as
possible and will keep the shareholders apprised of its progress.
At this point in time the Company continues to talk with
numerous seriously interested parties to advance the Karen zone
development including trying to close the existing agreement signed
with Link resources FZC on October 10, 2015. The Company
anticipates having further information to report in the near
future. The Company apologizes to shareholders for the delay but
the discussions have been delicate and extensive.
The Company also remains very interested in future
exploration of the Diana zone. When funds are available the
Company plans a series of holes from the north side of the ridge
with the objective of defining a potential zone that outcrops out
at surface and has been further exposed some 125 metres below the
ridge by a bulldozer road cut into the lower mountainside.
The Diana target comprises a strongly altered near-vertical dipping
vein breccia system with widths near surface of 30 to 50 metres
that has been traced along strike for more than 700
metres. A faulted off extension of the vein breccia has
been traced for an additional 400 metres at surface.
John Archibald, PGeo, a qualified person pursuant
to National Instrument 43-101, has reviewed and approved the
technical information in this press release on behalf of the
Company.
First Mexican Gold Corp is an active explorer for
precious metals in Mexico and controls a 100% interest in the
Guadalupe property package with the intention of becoming a gold
and silver producer.
On behalf of the Board of Directors,Jim
VoisinPresident & CEO First Mexican Gold Corp519 699
5352drift@golden.net
Vancouver Head Office #1000, 355 Burrard Street Vancouver, B.C.
V6C 2G8 CanadaPhone: 604 681 7265Website:
www.fmgoldcorp.com
We seek safe harbour.
First Mexican Gold (TSXV:FMG)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
First Mexican Gold (TSXV:FMG)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024
Real-Time news about First Mexican Gold Corp (TSX Venture Exchange): 0 recent articles
Plus d'articles sur