First Mexican Gold Corp. TSX-V : FMG

Company ID [CVE:FMG] Last trade:CA$0.02 Trade time:16:00:00 EST Value change:▼0 (0%)

2010 Highlights

  • Legal (access) agreements were signed and completed with both relevant communities, Guadalupe Tayopa and Santa Ana.
  • Confidentiality Agreement signed with Corex Gold Corp (TSX-V: CGE), our direct neighbour who are very actively exploring a significant gold discovery contiguous to our property package.
  • Through numerous interim financing during the Qualifying Process with the Exchange, the Company continued exploration activities as follows:
  • Access road development (over 15 km) to the numerous exploration areas on the property.
  • Extensive systematic grid sampling and mapping of soil and rock chips for over 2000 samples assayed to date.
  • Completion and interpretation of a regional airborne magnetic survey carried out in conjunction with Corex Gold. 
  • All technical work completed under the supervision of both James McCrea, PGeo and Ryan Grywal, Bsc.Geo. This work has led to numerous additional target areas over and above the original discoveries reported in the last shareholders update.
  • Filed a revised 43-101 report in Q2 2010 in support of the Qualifying Transaction.
  • Company continued with its endeavour to pursue additional property packages in the area and expects to finalize numerous acquisitions in the near term.
  • Completed site preparation for a new camp and compound.
  • Designed & planned new camp and compound for its management and exploration team that includes accommodation, secure facilities for core storage & logging and sample preparation, as well as equipment storage and maintenance.  Construction expected to commence in Q1-11. 
  • On site personnel now numbers 6 people with plans to add personnel as the exploration program ramps up.

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