Photo Release -- Mexus Gold US: MEXUS TRINIDAD JV
February 19 2013 - 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.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=17218
Mexus has announced today the Trinidad Joint Venture has
initiated its previous stated goal to re-crush the estimated 2.5
million tons of ore now on the heaps. In addition, newly processed
mined ore will be placed on those pads as the material becomes
available for the production process. Evaluation analysis
consisting of column tests, dynamic leaching tests and geochemical
analysis indicate that the existing rock of 2" to 3"; did not allow
the production solution to penetrate the rock properly. Our test
results established the need to re-crush the ore in order to
address the permeability situation issue and allow economic
recovery of the values contained in that ore. The portable system
is a modified screen and cone crusher with a conveyor system has
the capability of screening fines to 3/4" mesh and crushes the
larger material to 1/2".
Chris Cherrywell, Chief Geologist goes on to state that our mine
data base is extensive data and must be evaluated in support
of rapid advancement of exploration objectives. Assays from
our existing open pits show gold values ranging up to 10 grams per
ton and silver in excess of 100 grams per ton. Our geological
investigations are showing potential mining values in the same
range as historical mining grades. Mexus is presently
confirming these historic values by collecting new samples for
testing. Mr. Cherrywell reports that existing data is being
collected to compile exploration data in support of determining
optimum locations to develop new mining targets. We plan to
begin a diamond drilling program later in this week to advance our
knowledge of the various mineralized structures near to the current
Heap Leaching Operation.
As a part of Mexus Trinidad JV restructuring, the metallurgical
department has been improved with the addition to the group of one
of the best metallurgists in the industry, Ing. Oscar A Rodriguez
Garcia. His extensive experience with heap leaching, Merrill Crowe
recovery and his research investigations will be a strong addition
to the program. His biographical information is being posted to the
Company Web Site.
Mexus has filed a five day extension on our Quarterly Report due
to the complexity of the Mexus Trinidad Joint Venture established
in Mexico. This extension will allow sufficient time for
proper filings.
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.
The photo is also available via AP PhotoExpress.
CONTACT: Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
Mexusgoldus@aol.com
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