First Mexican Gold Corp. Begins Drilling Program
January 10 2011 - 10:00AM
Marketwired
First Mexican Gold Corp. (TSX VENTURE: FMG) (the "Company" or
"First Mexican" or "FMG") is pleased to announce the commencement
of a diamond drill program on the Guadalupe property in Sonora
State, Mexico. The planned program is to drill from 8 to 10 holes
between the established Karen zone and the newly identified Diana
zone.
The drilling objective on the Karen zone is to better define the
previously identified high grade mineralized area that was a result
of earlier rock chip sampling, soil sampling and previous drilling.
Our work on Karen zone so far has lead to some interesting
geological assumptions now being drill tested.
Upon completion of the Karen zone drilling, the rig will be
moved approximately one kilometre northwest to the Hilda 38
concession, to the Diana zone. Our assessment of the rock chip and
soil samples on this zone concludes it has the potential to host a
high tonnage lower grade zone comparable to the zones that have
been identified on the Santana property within 1 km to the west by
neighbouring Corex Gold Corp. It's planned that an initial two or
three hole program be drilled into the Dianna zone to test surface
expression mineralization at depth.
First Mexican Gold Corp is an active explorer for precious
metals in Mexico and holds an option to acquire 80% interest in the
Guadalupe property package from (MIMSA) a wholly owned subsidiary
of International Millennium Mining Corp. (IMI-TSX-V).
On behalf of the Board of Directors,
Jim Voisin, President & CEO
First Mexican Gold Corp.
We seek safe harbour.
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this release, including, without limitation,
statements regarding plans for the completion of a private
placement financing and other future plans and objectives of the
Company are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's plans or expectations include market
prices, availability of capital and financing, general economic,
market or business conditions, regulatory changes, timeliness of
government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with
securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation.
Contacts: First Mexican Gold Corp. Damien Lowry Toll Free:
1-800-366-8566 (Canada & USA) www.fmgoldcorp.com
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