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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 hartaddon Aug 26, 2020 3:56pm
228 Views
Post# 31457380

Did not the market like those drill results?

Did not the market like those drill results?id not the market like those drill results? Why such a downer on this stock? Brien Lundin made Libero a new pick a month ago along with V.MEX at 16 and 14 cents respectively. I got in at 18 cents on LBC, so should have waited until the initial buying after Brien's tip of LBC. V.MEX was languishing under 12 cents and then Brien wrote it up 2 days ago and it has moved up to 15 cents now. Lundin said last month" The Ridge target, where continuous rock chip sampling results last year included 5.14 grams per tonne gold from a single continuous chip sample taken over 50 meters, is one of the most exciting drill targets I’ve seen in years. Libero will drill 24 RC holes in the program beginning in early August, and will use an on-site XRF scanner to direct the exploration in real time. Given the size of both this target and the Big Red property overall, this is a great strategy to get the most results, and value, out of the relatively short Golden Triangle exploration season.For the Ridge drilling alone, I would make Libero a strong buy. Add in the fact that the share price has not yet taken off in a similar way as many other explorers getting ready to drill, and the opportunity at current price levels is even more attractive. I wouldn’t wait long to get involved." Gold Newsletter out tomorrow- see what he says about Libero then.
Bullboard Posts