Mexus appoints Director of Operations, Mine Superintendent, and a Mining Plan for their Santa Elena Project
March 29 2016 - 10:32PM
Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) today
announced the appointment of Geologist Cesar Lemas as Director of
Operations (DOO). Mr. Lemas is a graduate of the University
of Arizona with a Masters in Mineral Economics. His
experience is vast and includes geological exploration,
mine-project valuation and development, geophysics, geochem,
metallurgy, mine design, mineral processing, and dry desert placer
mining and development. CEO Paul Thompson added, “Cesar Lemas
is the perfect person to help Mexus bring its Santa Elena project
into production. His knowledge of our property matched with
his experience will prove invaluable moving forward.”
The company also announced that Diego “Memo”
Guillermo has been named Mine Superintendent at the Santa Elena
property. Mr. Guillermo will manage the day to day operations
at the site which will include earth movement, equipment
maintenance, and general operations. “Memo has been with our
company since day one. His experience at the property,
connections within the community, and knowledge of the dirt will
really help the mine get to production quickly. We are thrilled
that he has accepted this important position,” said Paul Thompson,
CEO.
Mexus Gold US is proud to announce that a new plan
to begin a production operation at the Santa Elena Project is
complete. DOO Cesar Lemas produced the plan and has completed
the initial budget. The pilot plant will start with a 10,000
ton heap leach pad. The initial expectation is 1 to 2 grams
per ton Au based on our existing resource from the outcropping
quartz vein system. This system had been previously sampled
and was recently tested by more aggressive and encouraging
geochemical follow up. The resource is near surface,
economically valuable ore, with open depth potential and holds
bonanza Au grades. All exploration data is being evaluated
and processed to proceed with the production of a modeled economic
volume of ore related to the low angle shear zone structures.
These structures dominate the property and are the main bulk
mining ore targets in the area.
CEO Thompson closed, “Cesar has given us the budget
to begin production. We are currently in the process of
procuring the necessary funds which involves various levels of
discussions with five different companies. Fortunately, the
company already owns most of the equipment needed to produce so the
net cost is very reasonable. Cesar believes that we can have
our mine operational in 45 days once we flip the switch. This
is truly an exciting time for the company. We will have
additional information for our shareholders in the coming
weeks.”
About Mexus Gold US
MEXUS GOLD US is an American-based exploration
company with holdings in Mexico. Mexus' fully owned Julio/Santa
Elena property is located 54km NW of Caborca, Mexico. The
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. 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.
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:
Inquiries
Paul Dent, 425-478-4908 pdent@mexusgoldus.com
Mexus Gold US (CE) (USOTC:MXSG)
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