Mexus Trinidad Joint Venture Update
November 13 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.
Mexus Enterprises S.A. de C.V., a Mexican Corporation wholly
owned by Mexus Gold US (MXSG), gives Mexus Gold US a 60% ownership
in the Mexus Trinidad Joint Venture.
Trench sampling of the Joint Venture number 3 and 6 leach pads
show a high of 10 grams per ton gold and 190 grams per ton silver.
The Joint Venture, after reviewing the recommendations of its staff
engineers, geologists, and metallurgists, intends to start the
smallest heap leach number 3 pad leaching as soon as December 16,
2012 and to be followed by the number 6 pad. These pads contain the
majority of the estimated 2.6 million tons of ore. With the 2.6
million tons of ore already in place on the pads, the Joint Venture
will not have to start spending money on the mining/crushing part
of the operation for approximately 75 days.
The Joint Venture owns the rights to a 100 year old tails dump,
approximately 1 million tons, located off site and our Joint
Venture partner has been running a pilot plant to test the values
and processing procedure to recover values. With that being
completed, the results are at a projected production of 120 tons
per day. It is estimated to produce $2,100,000.00 per month in
gross revenue at an estimated production cost $525,000.00, leaving
a net of $1,575,000 per month. The necessary new equipment has
already been purchased by the Joint Venture and is being installed
with an estimated completion date of 11/24/2012. President Paul
Thompson states that, "With the reorganization of the Trinidad
Pacific management by the new Joint Venture, Mexus will receive
skilled personnel to manage and operate the Joint Venture along
with Mexus' existing and future expanding operations."
Julio Update
Julio Placer Operation is continuing to produce gold. Mexus
continues its drilling program on the property and is excited with
the results of drilling towards its future open pit/heap leach
project on the Julio.
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
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