Mexican GOLD Engages Jds Energy & Mining FOR a Preliminary Economic Assessment at the Las Minas Project
Vancouver, BC TSX-V: MEX
For Immediate Release January 26, 2021
MEXICAN GOLD ENGAGES JDS ENERGY & MINING FOR A PRELIMINARY ECONOMIC
ASSESSMENT AT THE LAS MINAS PROJECT
Mexican Gold Mining Corp. (the “ Company” or “ Mexican Gold ") (TSXV: MEX) is pleased to
announce that it has formally engaged JDS Energy & Mining Inc. (" JDS") of Vancouver, British
Columbia, to conduct a Preliminary Economic Assessment ("PEA") of its 100% owned Las Minas
gold-copper project located in Veracruz, Mexico.
Highlights:
• JDS is widely regarded as a leader in mine project engineering and economic assessments
in Canada and abroad with in-depth experience in economic assessments and mine-builds
in Mexico.
• The JDS team, as well as certain members of Mexican Gold’s management , conducted a
site visit from January 17-19, 2021 as part of their process to completing a PEA.
• The PEA is scheduled to be completed in the 2nd Quarter of 2021.
“After completing a high -level review of the Las Minas project followed by a comprehensive site
visit, we look forward to conducting a PEA on the project for Mexican Gold. Although the project
is located in an area of steep terrain, it has good access, power, and water infrastructure elements
in place. A new resource estimate is being developed based on recent drilling and once that is
complete, we will proceed with the PEA,” stated Gord Doerksen, President – Engineering Division,
JDS Energy & Mining.
“Mexican Gold looks forward to advancing the Las Minas project through a Preliminary Economic
Assessment study with a partner like JDS Mining & Energy. Their extensive background in project
assessments as well as their in -depth experience in building mines in Mexico will greatly help
Mexican Gold move forward at Las Minas,” stated Philip O’Neill, Chief Executive Officer.
Overview of PEA
The PEA study will focus on practical, fit-for-purpose solutions that will maximize the value of the
Las Minas project. JDS anticipates completing the PEA in the 2 nd quarter of 2021 and will
subsequently file a technical report based on National Instrument (NI) 43 -101 guidelines and
Canadian Institute of Mining (CIM) best practices. The PEA will provide a solid project evaluation
to be used by management to establish the approximate value and outline the key decision points
for the future development of the project.
The PEA report will be authored by JDS in collaboration with a number of other specialized and
experienced consulting and advisory firms in the area of tailings disposal, metallurgy,
environmental science, construction/mechanical engineering, and geology. JDS completed a site
visit at the Las Minas project from January 17-19, 2021.
About Mexican Gold Mining Corp.
Mexican Gold is a Canadian-based mineral exploration and development company committed to
building long-term value through ongoing discoveries and strategic acquisitions of prospective
precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing
the Las Minas Project, which is located in the core of the Las Minas mining district in Veracruz
State, Mexico, and host to one of the newest, under-explored skarn systems known in Mexico.
For more information, please contact:
Philip O’Neill – CEO, President, and Director
E-mail: [email protected]
Website: www.mexicangold.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements in this press release, other than statements of historical fact, are "forward -looking
information" with respect to Mexican Gold within the meaning of applicable securities laws. Mexican Gold
provides forward-looking statements for the purpose of conveying information about current expectations
and plans relating to the future and readers are cautioned that such statements may not be appropriate for
other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be
general or specific and which give rise to the possibility that expectations, forecasts, predictions,
projections or c onclusions will not prove to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are
not limited to market conditions, exploration findings, results and recommendations, as well as those risks
and uncertainties identified and reported in Mexican Gold’s public filings under Mexican Gold’s SEDAR
profile at www.sedar.com. Although Mexican Gold has attempted to i dentify important factors that could
cause actual actions, events or results to differ materially from those described in forward -looking
information, there may be other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that such information will prove to be accurate as actual
results and future events could differ materially from those anticipated in such statements. Mexican Gold
disclaims any intention or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise unless required by law.