Re: shallow

First Mexican Gold Corp.

NEW: now 100% interest in the Guadalupe Property in Sonora, Mexico (Jan. 2012) / Best intercept: 37.8 metres of 6.51 g/t Au, 678 g/t Ag

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goldbarron

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Re: shallow

in response to

Re: shallow

FANTOMAS

posted on Mar 10, 2011 05:10PM

1. The fact that we hit on everyhole...even with low grades...is very encouraging...there is no guaranteee in any drilling ...that this will happen.

2.agreed the low grades at surface levels are very good...but we also hit silver...I didn't do any math..but it probably doubles the gold equivalent at $35ounce

3.Now we have the IP info which will be a big help.

4.The cost and speed of drilling will be very effcient...I'm guessing that for our $300,000 financing we will be able to drill 30-40holes..maybe more.Drilling from surface down to100m is a lot different than going down 500m...or more