MX Gold Corp. - Golden Triangle Exploration Program Update
VANCOUVER, British Columbia, Sept. 28, 2017 (GLOBE NEWSWIRE) -- MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce that is has engaged Ridgeline Exploration Services to immediately initiate an exploration program on MX Gold’s newly acquired Midas Gold project in the “Golden Triangle” region of north-western British Columbia. The Midas gold project has contiguous claim boundaries with Aben Resources Ltd.'s Forrest Kerr gold project and is located immediately north of projects owned by Garibaldi Resources Ltd. and Colorado Resources Ltd.
Exploration Strategy
The objectives of the Midas project exploration program consist of an airborne geophysical survey, weather permitting, and a regional geological and geochemical program. In addition, a historical data compilation is also currently being undertaken. The fall 2017 program will be headed up by Ridgeline Exploration Services and is designed to advance the Midas project and to identify potential drill targets for the 2018 drilling season. MX Gold has acquired a substantial land package of approximately 22,881 acres in the heart of the Golden Triangle where other companies consisting of Aben Resources (ANB) and Garibaldi Resources (GGI) are currently drilling.
Dan Omeniuk comments, “We are pleased to have been able to engage Ridgeline for our fall exploration program on our Midas Gold Project. Ridgeline is very experienced and currently active on several projects in the Golden Triangle, where they are providing geological and exploration services to a number of companies. The goal is to get drill ready as quickly as possible. The Golden Triangle has proved to be an exciting gold exploration region and we look forward to being a part of this.”
Lorne Warner, P.Geo., director of the company has reviewed and approved the scientific and technical information set out in this news release and is a Qualified Person as defined in National Instrument 43-101.
About MX Gold
MX Gold is a junior mining company focused on the exploration and development of advanced projects located in Mexico and British Columbia, Canada. The company’s primary focus, is the Magistral del Oro tailings project located 392 km SW of Chihuahua and includes a 500 tonnes-per-day dynamic cyanide countercurrent system plant constructed in 2013, which is currently being expanded to 1,000 tonnes-per day. The Company also owns 50% of the IDS Project, which includes a smelter that was completed in 2014 for a throughput capacity of 50 tonnes per day. The smelter was built to receive and process material from small-scale miners across the state of Durango and beyond.
MX Gold has acquired a substantial land package of approximately 22,881 acres in the heart of the Golden Triangle.
MX Gold Corp. is also focused on the exploration, development and mining of advanced projects located in British Columbia and Mexico. The Company’s primary focus in British Columbia is its Willa gold and copper project located 12 kilometers south of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max Molybdenum Mine and Mill Complex. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also elect to reopen the Max Molybdenum mining operation once world Moly prices improve. For updates on the Magistral Project please visit our website. www.mxgoldcorp.com
On behalf of the Board of Directors,
“Akash Patel”
Akash Patel, Vice President and Director, MX Gold Corp.
For further information, please contact
Dan Omeniuk, CEO
Email: dano@mxgoldcorp.com
(778) 798-4653
Or by email to:
info@mxgoldcorp.com
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
