CARSON CITY, Nev., March 13th, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) announced that from March 9th to March 13th, CEO Paul Thompson hosted Mexus advisor Paul Dent at the Santa Elena Mine in Caborca, Mexico. During their visit both Paul’s were able to observe leaching solution returning to the pregnant solution pond. This returning solution will increase in value and flow allowing the pregnant solution pond to sustain a 600 GPM flow to the Merrill Crowe recovery plant by month end. CEO Paul Thompson added, “I was thrilled to see pregnant solution coming from Pad 1. This marks the beginning of continuous production for Mexus and our JV Partner, MarMar Holdings Inc.”
Mine manager Regino Vargas notified Mr. Thompson that effective March 13, 2017, the placing of mineralized material will commence on Pad 2. Mr. Vargas also stated that the completion of a five meter lift on Pad 2 will coincide with the completion of initial leaching on Pad 1. The leaching and stacking of mineralized material will alternate between the two pads allowing for a continuous 600 GPM flow to the Merrill Crowe recovery plant.
About Mexus Gold US
Mexus Gold US is an American based exploration company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The JV is currently lining the heap leach pads and ponds with the initial stacking of ore to begin in the first part of 2017. The company also is a partner with MarMar holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is planned for the first half of 2017. Mexus also owns rights to the Ocho Hermanos property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the mine. The permit to build and access road will be submitted in October, 2016 with the plan to drill the property for future use. 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 www.mexusgoldus.com.
Cautionary Statement
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: Inquiries – Paul Dent, 425-478-4908 pdent@mexusgoldus.com
MAR
2017