Mexus Gold US Announces Julio Environmental Mining Permit
December 18 2013 - 6:30AM
Mexus Gold Mining S.A. de C.V., a wholly owned subsidiary of Mexus
Gold US (OTCQB:MXSG), announced today that it has received the
final Mexican Environmental Mining Permit for the Julio/Santa Elena
project. The 30 year permit will allow the Company to mine and
produce gold on its wholly owned property. The Company plans to
establish three operations at the Julio/Santa Elena mine site.
1) Placer Operation: The existing placer
operation will be moved a short distance from its current location
allowing a doubling of the capacity.
2) High-Grade Underground
Mining: Mexus has installed and tested the necessary
equipment to begin underground mining once the qualified miners
have been hired. This equipment includes a hydraulic head
frame along with a gravity recovery plant. (Photos of
hydraulic head frame found under Julio Mine Project) The
underground shaft is currently 100 feet deep with 100 feet of
drift. Past assays show gold up to 6 ounces
per ton. The production operation will be 20 tons a day to
start using a 4 man underground crew and an additional 3 men at the
mill. This rate of tonnage will increase as knowledge and
efficiencies are gained.
3) Heap Leach: The open pit/heap
leach operation holds the most promise for Mexus. The Company
will start with the 600 GPM Merrill Crowe recovery system presently
store at the Company's fabrication facility. (Merrill Crowe
photos under the Julio Mine Project.) The capacity, using
existing mining equipment, is approximately 2,500 tons per day with
an expected average of 1.5 grams per ton.
"Our open pit will start with shallow mining of numerous exposed
quartz veins on the property. Overburden is basically
non-existent on these veins so our start up time is
minimal. We will be digging 50 to 60 foot wide swaths down to
30 feet. This material alone will keep us stacking for the
first year. In the meantime, we will continue with our core
drilling and mapping so we have a game plan once this initial
mining is complete." Stated Paul Thompson, the company's Chief
Executive Officer. "Our goal is to get to 6000 tons a
day!"
Mr. Thompson went on to say, "I realize that this has been a
challenging year for our shareholders. I appreciate the
patience and support that has been shown during this
time. Obtaining these permits is truly a watershed moment for
Mexus and sets us up to have a fantastic 2014. We have begun
the march to full production at our Julio/Santa Elena
property!"
About Mexus Gold US (OTCQB:MXSG)
Mexus Gold US is a gold, silver and copper exploration company
focused on projects in the Western United States and Northern
Mexico. Mexus Gold US and its subsidiaries Mexus Enterprises S.A.
de C.V. and Mexus Gold Mining S.A. de C.V. have several mining
operations in Mexico. Mexican operations include the San Felix
Mine; the Mexus-Atzek Mine, a joint venture agreement with Atzek
Mineral S.A. de C.V.; the Julio Mine and other prospective areas
awaiting additional exploration and evaluation. Mexus Gold Mining
S.A. de C.V. and Mexus Enterprises S.A. de C.V. employ over 60
people and utilize third-party consultants and geologists to assess
its mining exploration and operations for gold and other precious
metal values. 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 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
Info@mexusgoldus.com
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