First Mexican Gold Corp FMG:CA in joint venture with International Millennium Mining Corp IMI:CA announced drill results from the Karen Zone of the Guadalupe Property in Sonora State, Mexico. Assays include 1.57 g/t gold and 335.5 g/t silver over 15.2 metres, 200.3 g/t silver over 22.4 metres, 4.27 g/t gold and 394.7 g/t silver over 33.5 metres, and 4.9 g/t gold and 104.2 g/t silver over 21.6 metres. First Mexican holds an option to acquire an 80% interest in the property package and is the project operator.
First Mexican President/CEO Jim Voisin commented, “We are very pleased with the results of this initial drilling of our 2011 drill program at the Karen zone of the Guadalupe property and look forward to further drill results. These initial holes for 2011 have confirmed the higher grade potential of this project and provide a good start to our 2011 program which has just barely begun.”
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First Mexican Gold Corp
by Ted Niles