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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2011) - First Mexican Gold Corp. (TSX VENTURE:FMG) has received assay results from the recently completed rock chip sampling survey on the Bailey zone of the Guadalupe property package in Sonora, Mexico, which is contiguous to Corex Gold Corp. (TSX VENTURE:CGE) Santana Property where consistently good exploration results have been demonstrated.


The gold/silver/copper bearing Bailey zone has now had a total of 40 samples recently collected and assayed. Three of these samples were taken directly from a small ore dump at the entrance to an adit with the balance, 37 samples, taken over 55.5 metres along the rock wall face on either side of this adit. The sampled rock face has been exposed to the elements for some 20 years. This sampling was done to further build the data base on this high potential target in preparation for future drilling. All samples reported herein are compliant and the rock face samples were taken every 1.5 metres.


Samples Highlights

sample #479120 returned 13.75 g/t gold, 262 g/t silver, .25% copper
sample #479119 returned 7.69 g/t gold, 110 g/t silver, .16% copper
sample #479158 returned 2.84 g/t gold, 2700 g/t silver, .29% copper
sample #479134 returned 3.88 g/t gold, 425 g/t silver, 2.54% copper