First Mexican Gold Corp. TSX-V : FMG CA$0.03 +0.00 (0.00%)
CVE:FMG

First Mexican Gold Corp. TSX-V : FMG

Company ID [CVE:FMG] Last trade:CA$0.03 Trade time:10:42:00 EST Value change:▼+0.00 (0%)

Mission Statement

Create shareholder value by acquiring strategic Gold and Silver exploration assets in Mexico and deploying the right resources to develop their full potential.

Overview

A progressive exploration company with seasoned management now developing a great asset in SE Sonora Mexico, "The Guadalupe Property". The Company owns 100% of the mineral rights and is entertaining Joint Venture partners to advance the property to production. With encouraging results during the 2009 work program at a particular known zone of mineralization (now referred to as the Karen Zone) the Company decided to go public and began trading as a reporting issuer on January 4, 2011 on the TSX Venture Exchange under the Symbol FMG. 

While navigating the approval process with the TSX Venture Exchange during 2010, the Company’s technical team carried our extensive grid and trench surface sampling to develop and discover additional targets; while also serving to considerably strengthening Management’s confidence in the target rich characteristics of the Guadalupe Property area.  In so doing Senior Management took the decision to secure strategic ground surrounding the Company’s original 1,346 hectare  “Hilda 30,31,32,37 & 38” concessions and beginning early in February of 2011 announced a number of strategic acquisitions to develop the asset into a contiguous land package that now comprises 15,112 hectares within an extremely target rich environment and proven setting for gold / silver and copper mineralization.

Highlights:

  • Discovered & advanced numerous target areas at the Guadalupe Property  in last 2 years (from 2 target zones in 2007 to now 9 target zones;
  • Became a public traded company in January 2011;
  • Completed 1st phase of 2011 drilling campaign (8 of 10 planned holes);
  • 3D-IP contribute greatly by strengthening the Diana zone target as well as discovering a very major target using 3D-IP geophysics, the Erica zone;
  • Just commenced next phase of drilling (8 to 10 holes, late March 2011).

 

 

 

All technical information contained on this web site was authorized by John Archibald P.Geo  qualified person who prepared or supervised the preparation of the contained information.

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