20:36:37 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



MX Gold Corp
Symbol MXL
Shares Issued 162,603,107
Close 2016-12-22 C$ 0.125
Market Cap C$ 20,325,388
Recent Sedar Documents

ORIGINAL: MX Gold options 5% of Bonaparte from Westkam Gold

2016-12-23 15:56 ET - News Release

Also News Release (C-WKG) Westkam Gold Corp

Received by email:

File: MX Gold - News Release Announcing Bonaparte.DOC


 
900 - 570 Granville Street Vancouver, B.C. V6C 3P1
FOR IMMEDIATE RELEASE                                                                                                 
--->                December 23, 2016
  
MX Gold Corp. Announces Option of 5% of Bonaparte Property

Vancouver, B.C. - MX Gold Corp. (TSX-V: MXL) (FSE: ODV) (OTCQX: MXLGF) (the "Company" or "MX Gold") announces that Wes
--->tKam Gold Corp. has optioned a 5% interest in the Bonaparte property to MX Gold, a company with a common director. The
---> option can be exercised by incurring a minimum of $650,000 in exploration expenditures on the property by December 31
--->, 2016.
"The agreement with WestKam Gold represents a strategic step forward, adding value to our company," said Dan Omeniuk C
--->hairman and CEO. "We look forward to reporting on the Bonaparte progress early in 2017." 
About MX Gold
MX Gold Corp. is a junior mining company focused on the exploration, development and mining of advanced projects locat
--->ed in British Columbia and Mexico. 
The Company's primary focus in British Columbia is its high-grade Willa gold and copper project located 12 kilometers 
--->south of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max M
--->olybdenum Mine and Mill Complex. This acquisition removed major costs and shortened timelines typically associated wit
--->h mine project development. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also ele
--->ct to reopen the Max Molybdenum mining operation once world Moly prices improve.
Located in Mexico, MX Gold's new Magistral Del Oro Project is located 392 kilometres south-west of Chihuahua City, in 
--->route to Parral 220 km, from there due South on Durango Hi-way for 120 km to Santa Maria Del Oro interception, turn We
--->st to Santa Maria Del Oro for 48km, continue East for 3.5 km, then turn South for .5 km to the Magistral Del Oro Proje
--->ct. All paved road except for the last 0.5 kilometer.

On behalf of the Board of Directors,
"Dan Omeniuk"
CEO, MX Gold Corp. 
For further information, please contact 
SkanderBeg Capital Advisors 604-687-7130  Ext 203
Dan Omeniuk, CEO Email: dano@mxgoldcorp.com
Ron Birch Phone: 250-545-0383 Toll Free: 1-800-910-7711 Fax: 604-926-4232
Or by email to:
info@mxgoldcorp.com
Neither 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.
Statements in this news release that are not historical facts are forward-looking statements.  Forward-looking stateme
--->nts are statements that are not historical, and consist primarily of projections - statements regarding future plans, 
--->expectations and developments.  Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "a
--->nticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements.  Forward-lo
--->oking statements in this news release include MX Gold's estimation that the Magistral plant can be fully operational w
--->ithin 4 to 6 months, and its plans for a data verification program and additional geochemical studies.  All of these f
--->orward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that co
--->uld cause actual events or results to differ from those expressed or implied, including, without limitation, business 
--->integration risks; uncertainty of production, development plans and cost estimates, commodity price fluctuations; poli
--->tical or economic instability and regulatory changes; currency fluctuations, the state of the capital markets, uncerta
--->inty in the measurement of mineral reserves and resource estimates, MX Gold's ability to attract and retain qualified 
--->personnel and management, potential labour unrest, reclamation and closure requirements for mineral properties and the
---> availability of capital to fund the Company's projects, as well as other risks and uncertainties identified under the
---> heading "Risk Factors" in the Company's continuous disclosure documents filed on SEDAR.  You are cautioned that the f
--->oregoing list is not exhaustive of all factors and assumptions which may have been used.  MX Gold cannot assure you th
--->at actual events, performance or results will be consistent with these forward-looking statements, and management's as
--->sumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future ev
--->ents and operating performance and speak only as of the date hereof and MX Gold does not assume any obligation to upda
--->te forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other t
--->han as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-loo
--->king statements.



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