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    gold investing

    Leagold Reports Additional Drill Results, Including High-Grade Intercepts Along Western Flank of Bermejal Underground

    Priscila Barrera
    Nov. 20, 2017 08:35AM PST
    Precious Metals Investing

    Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) reports additional results from the Bermejal Underground drill program at the Los Filos mine in Mexico. Highlights include 5.8 grams per tonne (“gpt”) over 41.9 metres, including 10.6 gpt over 8.6 metres and 23.2 gpt over 3.5 metres; 19.0 gpt over 4.2 metres; and 8.3 gpt …

    Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) reports additional results from the Bermejal Underground drill program at the Los Filos mine in Mexico. Highlights include 5.8 grams per tonne (“gpt”) over 41.9 metres, including 10.6 gpt over 8.6 metres and 23.2 gpt over 3.5 metres; 19.0 gpt over 4.2 metres; and 8.3 gpt over 7.6 metres (all capped grades and true widths; see Table 1). The 22 new holes are part of a 56,000-metre infill and step-out exploration program, and follow 66 holes previously reported. Over 52,500 metres (94%) of the drill program have now been completed.
    As quoted in the press release:

    Leagold CEO Neil Woodyer stated: “The results of the drill program at Bermejal Underground have exceeded our expectations to date, with several areas of high-grade mineralization already defined. We continue to see excellent results as we focus the remainder of the drilling on the Central and Western side of the deposit. We have 15 rigs on site and will complete the drill program in November.
    “In the meantime, work continues on the Bermejal Underground ramp. We have advanced 99 metres to date and are on track to reach the test mining area in Q2 of next year. Operational improvements under the guidance of the new management team at the Los Filos Mine continue to steadily progress.”

    Click here for the full text release

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