Mexican Gold Mining Corp V.MEX

Alternate Symbol(s): MEXGF

Metals & Mining Industrial Metals & Minerals

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.

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Mexican Gold Mining Corp > super numbers with only a fraction of the property drilled

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Comment by seter99on Aug 09, 2021 10:15am

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Post# 33671393

RE:RE:super numbers with only a fraction of the property drilled

I think what happened is that the expectations was the old Indicated / Inferred and we "missed" estimate sortof like missing an earnings estimate and yes, I know the cutoff was changed.

Old: 645K @3.67 + 217K @ 2.68
Pea: 443K @3.34 + 361K @ 2.16

So after 1 year, 10K drill program, spending X amount (forgot how much) the resource goes down in size and grade.

So what's the next catayst anyone?

Thanks.

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