CHIHUAHUA STATE, Mexico There is a silver lining in Mexico, and a very nice one, too, as reported by MEXGOLD RESOURCES of Dartmouth, N.S. Drill core from the former Guadalupe y Calvo gold-silver project assayed 11,092 g/t Ag and 0.48 g/t Au over 2 metres. This section was contained in a larger, 25.5-metre intersection averaging 961 g/t Ag and 1.16 g/t Au.
Mexgold is in the midst of a 40-hole program to upgrade resources at this former producer. The company hopes to expand the known high-grade structures on the property and to expand the currently-defined 1.78-million-oz gold-equivalent resource. Complete results from the first 10 holes are posted at www.mexgold.com.
The first precious metals were discovered at Guadalupe y Calvo in 1835. Perhaps 2 million oz of gold and 28 million oz of silver were recovered from then to 1940. Production continued intermittently into the 1980s. Mexgold is the 100%-owner of the property.