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 is pleased to announce that M.S. Carlos Merino, our mining
permit agent, has filed the requisite documents for mining
operations for our Julio project. We have been informed the
permitting process is approximately 30 days; therefore, Mexus is
progressing with plans for the Julio underground mine establish
mining and production operations as soon as the permits are
authorized. Two additional employees have been retained for
refurbishing the previous Julio underground equipment and to deepen
the existing shaft by 100 feet to the 200 foot level. Future plans
include construction of a shaft to the north along the quartz vein
and mine up to drop the gold bearing quartz in to cars which will
be transported to the surface. At the surface, the cars will be
moved by a previously installed, hydraulic powered head frame to
the ball mill gravity recovery system.
President Paul Thompson stated that the underground resource is
capable of sustaining commercial volumes of 20 tons a day with
precious metal grades of 20 to 30 oz of gold during that period
with budgeted daily mining cost of $3,000 per day. Recent
sampling of the underground shaft produced quartz samples with
visible gold; please refer to the Julio gold rock picture on
website www.mexusgoldus.com.
Julio open pit heap leaching recovery
project
Mr. Thompson also stated that with receipt of the permit, Mexus
will begin preparations for begin open pit mining operations with a
production rate of 1,000 to 1,500 tons increasing to 6,000 tons per
day with a target grade of 1.5 grams per ton average. A report
prepared by Cesar Lemos, geologist, indicates that a potential of a
reserve of 3.5 million tons with little overburden (basically
exposed at the surface). There is also an adjacent shear zone
identified by drilling, service sampling and geophysical surveys
which now leads Mexus to conclude that we have sufficient data to
proceed with further evaluation and production testing of the shear
zone. Mexus intends to have this particular Julio potential fully
operational by September 1, 2013.
Mexus Trinidad JV Update
Mexus Trinidad JV is producing gold and silver on a daily basis.
The flow rate to our Merrill Crow recovery plant is 1600 gallons
per minute. This is on target according to Mexus previous
expectations.
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.
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: Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
Mexusgoldus@aol.com
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