Mexican Gold Mining Corp. announces that it further to its news releases of July 29, 2022, and August 16, 2022, it is closing its non-brokered private placement offering with the issuance of a total of 10,000,000 units of the Company at a price of $0.015 per Unit for proceeds of $150,000 . Each Unit consists of one common share in the capital of the Company and one Share purchase warrant , whereby each Warrant is [...]
Mexican Gold Mining announces that it has reduced the per Unit price of the private placement offering announced July 29, 2022 and increased the number of Units offered. The price per Unit of the Offering has been reduced from $0.02 per Unit to $0.015 per Unit. As it remains the Company’s intention to raise $150,000, the number of Units offered has increased from 7,500,000 to 10,000,000 accordingly. All other terms and [...]
Mexican Gold Mining is pleased to announce a non-brokered private placement offering of up to 7,500,000 units of the Company at $0.02 per Unit to raise gross proceeds of up to $150,000. Each Unit shall consist of 1 common share in the capital of the Company and 1 Share purchase warrant, whereby each Warrant shall be convertible into an additional Share at an exercise price of $0.05 for a period of 60 months from the date [...]
Mexican Gold Mining is pleased to announce the appointment of Julie Van Baarsen as Chief Financial Officer of the Company effective today's date. Julie van Baarsen is an effective leader and accounting professional with significant experience in public company reporting, IFRS, internal controls and auditing. She brings 30 years of experience across diverse financial leadership positions having previously served as Chief [...]
Mexican Gold Mining is pleased to announce the favourable resolution of the claims dispute concerning certain lands that overlap a portion of the Company's Pepe mineral concessions at its Las Minas Project. A dispute was filed over seven years ago concerning the claim boundaries of the 1,000-hectare Pepe property, upon which subsequent prospectors had staked a 220-hectare overlapping land position which coincided with the [...]
Mexican Gold Mining announces that it has granted stock options to acquire an aggregate of 2,000,000 common shares in the capital of the Company at an exercise price of $0.055 in accordance with its 10% rolling stock option plan. The Options, fully vested and exercisable for a five-year term expiring November 18, 2026, were granted to a director and officer of the Company. Mexican Gold is a Canadian-based mineral [...]
Mexican Gold Mining is pleased to announce that it has appointed Jack Campbell as President, CEO, and Director of the Company. Mr. Campbell is a Professional Engineer and holds a BSc from the University of Maryland. With Mr. Campbell's appointment, Mexican Gold has accepted the resignations of Philip O'Neill as an officer and director of the Company and Jay Sujir as a director of the Company. Jack Campbell, CEO of Mexican [...]
Mexican Gold Mining Corp. is pleased to announce a positive Preliminary Economic Assessment for its 100% owned Las Minas Project in southeastern Mexico. Summary economic results are as follows: Las Minas PEA Financial Highlights, including Metal Prices Sensitivity Base Case Spot Price Upside Downside Au 1625 1830 2000 1200 Ag 20 25.5 28 14 Cu 3.25 4.45 4.75 2.25 Magnetite Concentrate 100 213.5 220 65 Cumulative Cash Flow [...]
Mexican Gold Mining Corp. is pleased to announce that work towards completing a preliminary economic assessment study for the Las Minas project in Veracruz, Mexico, continues. Mexican Gold has engaged JDS Energy & Mining to conduct the PEA. It is estimated that the PEA will be completed and results reported within the next three weeks. About Mexican Gold Mining Corp. Mexican Gold is a Canadian-based mineral exploration [...]
Mexican Gold Mining Corp. is pleased to announce that Craig Roberts and Michael Murphy have joined the Company as Technical Advisors. Highlights: Michael Murphy is a Founder and Director of Torex Gold, responsible for identifying Torex's Morelos Gold asset from Teck and arranging a +$240-million financing to acquire the asset. Morelos is now in production and produced over 400,000 oz last year. Craig Roberts is the CEO of [...]
Mexican Gold Mining Corp. is pleased to announce that it has formally engaged JDS Energy & Mining Inc. of Vancouver, British Columbia, to conduct a Preliminary Economic Assessment of its 100% owned Las Minas gold-copper project located in Veracruz, Mexico. Highlights: JDS is widely regarded as a leader in mine project engineering and economic assessments in Canada and abroad with in-depth experience in economic [...]
Mexican Gold Mining Corp. is pleased to announce the final assay results from the 2020 drilling program in which a total of 65 holes were drilled for 10,221m. All of the drilling reported in this news release targeted potential extensions of several zones in the El Dorado resource area. Highlights: Hole LM-20-ED-76 intersected 21m of 9.82 g/t AuEq in the recent El Dorado zone extension and 10m of 6.39 g/t AuEq in the West [...]