Mexus Gold US: Santa Elena Mine Update
May 31 2016 - 4:00AM
Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced
that work on the Santa Elena mine is progressing as
planned. On My 24th, representatives from MarMar
holdings and Mexus (JV members) held a meeting and adopted a mining
plan with numerous items being discussed and agreed upon. Out
of this meeting came the decision to obtain a blasting permit in
the name of the JV as opposed to using a blasting contractor.
The parties can control costs and manage the process more
efficiently than using an outside vendor. It will take
4 to 6 weeks to obtain this blasting permit allowing time for our
partner to bring in additional equipment. In the end,
this property will be brought into full production faster and much
larger than first anticipated.
Geologists from both companies are working at identifying and
mapping additional areas of interest on the property. They’ve
begun taking samples for testing shown in the attached
report. Added CEO Paul Thompson, “The work being done will, I
believe, help confirm Mexus’ belief that this property will produce
1,000,000 plus ounces gold equivalent. I’m extremely pleased
with our JV partner (MarMar) as they have and continue to follow
through with their plans for the Santa Elena. I believe
that their knowledge and expertise will help make this property a
major mining operation and produce outstanding returns for our
shareholders.”
Summary of Santa Elena Project
Photos of equipment being moved to the Santa Elena mine
About Mexus Gold US
MEXUS GOLD US is an American-based exploration company with
holdings in Mexico. Mexus' fully owned Santa Elena mine is located
54km NW of Caborca, Mexico. Recently, the company entered
into a joint venture agreement with MarMar holdings of 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)
Historical Stock Chart
From Mar 2024 to Apr 2024
Mexus Gold US (CE) (USOTC:MXSG)
Historical Stock Chart
From Apr 2023 to Apr 2024