Mexus Gold US San Felix Mine Update
September 18 2013 - 6:00AM
Mexus Gold US (OTCQB:MXSG), 50% owner of Mexus Enterprises SA de
CV, releases cost projections per ounce gold equivalent mined from
the San Felix Mine.
Mexus Enterprises can now project costs per ounce gold
equivalent. Based upon using an experienced and well equipped
mining contractor at a rate of $2.09 USD per ton. These cost
projections are based on information contained in an August 2013
report by geologist Ing. Javier Martinez which Mexus Enterprises
published September 16, 2013. This report indicates the gold and
silver content is considered to be 1.23 grams of gold with a 70%
recovery of 0.86 grams of gold and 24.60 grams of silver with a 70%
recovery of 17.32 grams of silver per ton of ore. Based upon a
stable production of 3,000 tons of ore a day, Mexus Enterprises
anticipates 108.60 ounces gold equivalent per day. At 3,000
tons of ore per day production, Mexus Enterprises can make the
following cost projections:
Established daily direct costs to
produce: |
$ 20,246.07 |
Contract miner at $2.09 per ton: |
$ 25,080.00 |
Contingency: |
$ 4,682.61 |
|
|
Total projected mining costs for 3,000
ton: |
$ 51,508.68 |
|
|
Gold equivalent ounces per day: |
$ 108.60 |
Projected cost per gold ounce
equivalent: |
$ 474.30 |
Gross sales per day: |
$141,179.31 |
Projected net per day ($1,300 gold &
$20.00 silver) |
$ 89,670.63 |
The Mexus Enterprises existing 1,600 gpm gold recovery plant has
the capacity to handle 6,000 tons per day production.
The 3,000 tons per day is considered to be a start up
amount. Mexus Enterprises has a target production rate of
6,000 tons per day. At the 6,000 tons per day, Mexus
Enterprises can project a gold equivalent recovery of 217.20 ounces
per day with a gross sales amount of $282,358.62, a projected net
per day of $202,577.33, and a projected cost per gold ounce
equivalent of $367.17.
The above figures are based upon gold sales of $1,300 per ounce
and silver sales of $20 per ounce.
About Mexus Gold US (OTCQB:MXSG)
Mexus Gold US is a gold, silver and copper exploration company
focused on projects in the Western United States and Northern
Mexico. Mexus Gold US and its subsidiaries Mexus Enterprises S.A.
de C.V. and Mexus Gold Mining S.A. de C.V. have several mining
operations in Mexico. Mexican operations include the San Felix
Mine; the Mexus-Atzek Mine, a joint venture agreement with Atzek
Mineral S.A. de C.V.; the Julio Mine and other prospective areas
awaiting additional exploration and evaluation. Mexus Gold Mining
S.A. de C.V. and Mexus Enterprises S.A. de C.V. employ over 60
people and utilize third-party consultants and geologists to assess
its mining exploration and operations for gold and other precious
metal values. Founded in 2009, Mexus Gold US is committed to
protecting the environment, mine safety and employing members of
the communities in which it operates. For more information on Mexus
Gold US, visit mexusgoldus.com.
Forward looking Statement: Statements in this press release may
constitute forward-looking statements and are subject to numerous
risks and uncertainties, including the failure to complete
successfully the development of new or enhanced products, the
Company's future capital needs, the lack of market demand for any
new or enhanced products the Company may develop, any actions by
the Company's partners that may be adverse to the Company, the
success of competitive products, other economic factors affecting
the Company and its markets, seasonal changes, and other risks
detailed from time to time in the Company's filings with the
Securities and Exchange Commission. The actual results may differ
materially from those contained in this press release. The Company
disclaims any obligation to update any statements in this press
release.
CONTACT: Paul Thompson CEO/President
(775) 721-9960
Mexusgoldus@aol.com
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