Mexus Gold US Caborca, Sonora State, Mexico Update
July 23 2012 - 6:30AM
Mexus Gold US (OTCQB:MXSG) is a company engaged in the evaluation,
acquisition, exploration, development and production of mining
properties and conducts salvage operations for the recovery of
precious metals.
The projects situated on the Caborca Properties are moving
forward on schedule with both the placer operations and the hard
rock operations entering the production phase of each project.
Placer Operations Caborca, State of Sonora, Mexico
The assembly of new equipment for the placer mining project is
now complete and the equipment has been installed into the
production cycle. After trial tests and adjustment the facility
will be placed into production on Tuesday, July 24, 2012.
Hard Rock Operations Caborca, State of Sonora, Mexico
The equipment scheduled for installation at the Julio quartz
deposit is now complete. The 120 ton per day crushing and milling
recovery plant has been successfully tested and is now in
production producing and recovering gold as expected. The initial
material to be processed by the facility is an estimated 30,000 ton
mine dump from previous mining attempts by the owner's ancestors.
Grab sample assay analysis results have indicated gold content high
as 28 grams per ton. Mexus is expecting the average overall gold
content to be approximately 7.5 grams per ton.
The newly installed crushing and milling recovery plant is
designed for the Julio quartz vein which has had past assay
analysis results as high as 5.5 oz. of gold per ton and with some
visible gold in the quartz rock.
A hydraulic head frame hoisting system has been installed on the
Julio vein whereby, Mexus expects to initiate an underground
operation into production by August 20, 2012.
President Paul Thompson states that "Mexus will continue
drilling and as soon as our new recovery plant has been time
tested, Mexus will work toward a third and larger project which is
an open pit concentrating on a high volume heap leach recovery
system."
About Mexus Gold US
Mexus Gold US (OTCQB:MXSG) is a company engaged in the mining
industry for the purpose of producing precious metals, including
gold, silver and copper, from its projects located in the state of
Sonora, Mexico and in the states of Nevada and Alaska. Mexus Gold
US is dedicated to protecting the environment, providing employment
and education opportunities for the communities where they operate.
For further information or to see the full report, visit
www.mexusgoldus.com.
The Mexus Gold US logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7718
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
Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
Mexusgoldus@aol.com
Mexus Gold US (CE) (USOTC:MXSG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mexus Gold US (CE) (USOTC:MXSG)
Historical Stock Chart
From Jul 2023 to Jul 2024