Mexus Gold US (OTCQB:MXSG) today announced that it has completed
the land acquisition and purchase of the San Felix Mine. The final
piece was the purchase agreement finalized with the Ejido land
owners which the San Felix concessions lay upon. CEO Paul Thompson
has worked tirelessly over the last year consolidating this
property and tying up all loose ends. Mr. Thompson explained,
"Within a short time of forming the Mexus/Trinidad JV we learned
there were property right issues on and around the San Felix mine.
Those issues are now settled leaving Mexus Enterprise SA de CV in
full control of the property and the rights that go along with that
control."
Mexus Gold is reducing its monthly overhead at the San Felix
mine and concentrating on increasing the gold equivalent reserve
value. The company just received the most recent drill results from
ING. Guillermo E. Teran-Martinez. Mr. Teran-Martinez drilled 850.95
meters with outstanding results.
Highlights of this report include a 60 foot interval averaging
.187 ounces of gold and 3.65 ounces of silver per ton (Hole E
25). In addition, Hole E 78, contained a 20 foot interval
averaging 0.176 ounces of gold and 2.383 ounces of silver per
ton.
These results add credence to the company's belief that the
property has the potential to show a 1 million ounce gold
equivalent reserve.
Negotiations between Mexus and potential buyers of the San Felix
property are still ongoing. There is currently one offer on the
table that would include a cash payment in addition to a per ounce
concession paid based on a 43-101 certified drilling program. The
company is confident any drilling program would confirm a large
reserve on this property.
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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