Mexus begins work on its open heap leach pad with all permits in hand
April 25 2016 - 9:25AM
Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced
today that the environmental and mining permits are complete and
work has begun on the area that will become Mexus’ open pit heap
leach mine. An area 300 meters by 100 meters is being cleared
and leveled for the pad. (See Attached Photos) Mexus intends to
open pit the shear zone where the Julio high grade quartz vein
faulted to the west as identified by Director of Operations Cesar
Lemas. The shear zone and the Julio quartz vein will be
mined simultaneously with strict grade control. The shear
zone ore has graded 1 to 5 grams per ton with the Julio assays
running much higher and includes visible gold. Mexus believes that
mining the Julio quartz vein from the surface along with the shear
zone makes the most sense. The shear zone material will be crushed
to ¾” minus then placed on the leach pad. The Julio high grade will
go straight to Mexus’ crusher ball mill gravity recovery plant. The
tailings from the gravity recovery plant will also be placed on the
heap.
Photos accompanying this release are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/bbb7e2a5-cfd4-40b2-83ad-2bb3e7d81aaehttp://www.globenewswire.com/NewsRoom/AttachmentNg/63f5447e-03e8-4b57-9586-18344c9f48a1http://www.globenewswire.com/NewsRoom/AttachmentNg/dc7670e6-8d2a-4cbc-a2e6-00c42af3f697
Mexus is working with a blasting contractor who has already been
on site and evaluated the area. Track drilling will be
commenced soon with 200 to 250 drill holes ranging from 3 to 6
meters deep being completed. Each of these holes will be
sampled to control the grades being processed.
The funding necessary for the materials, dirt work, blasting,
and labor is coming from the sale of the non-essential placer
plant. Added CEO Paul Thompson, “Our Director of Operations
Cesar Lemas presented a budget to get an initial heap leach pad
completed. It became clear that if we could sell some
of our equipment we would be able to afford the heap leach/ball
mill plan as laid out by Mr. Lemas.”
The revenue from this initial test pad will give the company the
needed funds to continue furthering its mine plan. “We will
be in a fantastic position after the completion of our first
run. We’ll have cash in the bank to expand the heap
leach and will have shown the value and potential of this
property,” said CEO Thompson.
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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