Mexus Gold US (OTCQB:MXSG), Mexus Mining Updates
Mexus Enterprise heap leaching continues to produce gold. Our RC
drilling program on the newly acquired San Felix is going as
planned with 5 holes completed with near surface intercepts from
78' to 126' thick mineralized zones found, the drilling will
continue. The San Felix mine is known to have been mined
underground by the Spaniards some 350 years ago to a depth of 300'.
Some of the old workings are open today. Up until recent times,
mining anything under two ounces per ton was not considered
economically feasible. Mexus will use contract miners that already
have the necessary equipment needed to mine 6000 tons a day. Recent
assay show 0.300 to 11.430 grams per ton gold and 18.16 grams per
ton silver with an average of 2 grams per ton gold. Although our
drilling shows great potential, Mexus is considering all options at
this time.
Mexus Gold Mining SA de CV
In anticipation of receiving our mining permits, Mexus is moving
forward with the necessary recovery equipment to process 400 gpm.
We have purchased and constructed 90% of this equipment at this
time, (See Julio Mine gallery on Mexus website for pictures:
http://mexusgoldus.com/photos.php) , along with the
engineering to install and operate an open pit heap leach operation
at the Julio mine. Ready and waiting permits, the Julio underground
is also ready to start along with restarting the placer operation.
This is very exciting times for Mexus.
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
Info@mexusgoldus.com
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