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Mexican Gold Mining Corp V.MEX

Alternate Symbol(s):  MEXGF

Mexican Gold Mining Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and evaluation of resource properties in Mexico. The Company owns a 100% interest in the Las Minas and La Miqueta properties, collectively named the Las Minas Project, through its wholly owned subsidiary, Roca Verde Exploracion de Mexico, S.A. de C.V. (Roca Verde). The Las Minas project is located 16 kilometers (km) from a toll highway and rail corridor at Cruz Blanca junction, which by road is another 240 km east of Mexico City and 150 km west of the port city of Veracruz. The Las Minas project has two gold-copper deposits in advanced-stage exploration, and multiple exploration targets. The project comprises six mineral concessions located in the Las Minas district in the state of Veracruz, Mexico, consisting of the Pepe, Pepe Tres, San Jose, Pueblo Nuevo, La Luz I and San Valentin mineral concessions.


TSXV:MEX - Post by User

Bullboard Posts
Post by yu174605on Oct 31, 2000 2:34pm
265 Views
Post# 2742961

comments welcome

comments welcomeI just recently started studying this company. I am waiting on an investors package from the company, in the meantime, I was hoping that some of the posters here could enlighten me about the company. It's hitting new lows on news that it is no-longer involved(besides a %royalty) in Hoff Well #? in West Virginia. When I look farther back into the companies history, it appears that this was not its main focus. The property in Columbia that has been tested, and was capped due to the rainy season should soon pop up in a news release as they have mentioned that they would recontinue work on that well. If this well does have the potential to produce 700+b.p.d.(see NR's) and there should be an update soon, why is the stock price hitting new lows. I noticed that volume has picked up today and there was a nice price rebound, although not nearly as nice as the 0.70+ it has seen in the past. All comments are welcomed(good/bad).
Bullboard Posts