Mexus terminates JV agreement with MarMar Holdings; Update on 8 Brothers project

 

CABORCA, SONORA STATE, MEXICO, April 16th, 2018(GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) announced today that MexusGold Mining SA De CVA, a subsidiary of MexusGold US, is terminating its joint venture agreement with MarMar Holdings.   The agreement outlined the contractual obligations at the Santa Elena project in Caborca, Sonora State, Mexico.  The decision to terminate the agreement was made due to MarMar’s lack of funding for the project, non-compliance with various aspects of the agreement, and ...

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