Mexus Gold US Shareholder Update
June 06 2014 - 6:30AM
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company") Shareholder
Update:
Mexus Gold US announced that it has turned down a seven figure
offer for the funding of its Julio/Santa Elena project. This
offer came from one of three mining companies that Mexus is in
discussions with. President Paul Thompson states "The offer
came from a well-known mining company but unfortunately the demands
were too high and would have resulted in our ownership being
diminished."
Mr. Thompson went on to say "We have way too much knowledge of
the Julio/Santa Elena now for the company to take just any
offer. From producing placer in the last year, sampling and a
trial run of our underground high grade Julio mine, along with the
core drilling that has been done on the property the potential for
a large open pit/heap leach operation is real." The potential
can be seen in two spreadsheets recently posted to the company
website. CEO Thompson stated "These reports were produced with
the help of a potential purchaser. This isn't just Mexus'
work. I hope our investors take a few moments to read these
sheets to get a real sense of the potential we have as a
company." The projections are based on two different time
frames using 1.2 grams per ton. The spreadsheets referenced
can be found here.
Mexus also announced that it has decided to place the placer
operation back into production. The company will triple the
production level it had previously run. This will give Mexus
positive cash flow while waiting for the right financing/funding
opportunity to arise. The company wants to reiterate that it
still is in ongoing negotiations with potential
partners.
About Mexus Gold US
MEXUS GOLD US is an American-based exploration company with
holdings in Mexico and Nevada. Mexus' fully owned Julio/Santa
Elena property is located 54km NW of Caborca, Mexico. This
property sits in an area which is currently being mined by some of
the largest mining companies in the world. Mexus has drill
results which show a high grade, multi vein system throughout the
property. The company looks to have this property in full
production by the end of 2014. Mexus also owns the rights to
the Ocho Hermanos property, which is located 80km NE of Hermosillo,
Mexico. This property will be drilled to show a proven reserve
once our flagship property is in full production. Preliminary
drilling on this property has been extremely promising. The
company owns claims in Lida, Nevada and will evaluate production
possibilities at a future date. 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
www.mexusgoldus.com.
Cautionary Statement
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: Mexus Gold US
Inquiries
Paul Dent, 425-478-4908
pdent@mexusgoldus.com
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