CABORCA, SONORA STATE, MEXICO, November 20th, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) announced geologist Cesar Lemas validated recent tests of the heap leach pad at the Santa Elena mine confirming an average of 4 grams per ton Au. Importantly there is approximately 40,000 tons of ore on the pad now with additional material being added daily. The new material being placed on the pad was recently fire assayed by Mr. Lemas showing 12 grams and 14 grams per ton Au and 28 grams per ton Ag. These tests were confirmed and validated by Mexus engineer Robert Garcia.
The second Merrill Crowe system recently shipped from Walnut Creek, CA is expected to clear customs Monday November 20th. Robert Garcia, Cesar Lemas, and Mexus CEO Paul Thompson will be on-site to assist in the set up and fine tuning of the new Merrill Crowe gold recovery system. Mexus JV partner, MarMar Holdings, has 2 experts who are assisting in the roll out of this system. Retired University professor, Elias Felix Badilla, joins and is assisting in the scale up of production at the Santa Elena mine. Mr. Badilla retired from the University of Sonora State in Hermosillo as a Chemical engineer and has extensive knowledge of metallurgy. Mexus CEO Paul Thompson and MarMar Holdings CEO Marco Martinez are in agreement that the team assembled has the knowledge and experience to bring the Santa Elena mine to production.
Mexus CEO Paul Thompson added, “I hope our shareholders have a great Thanksgiving. I would like to thank them for their continued support and patience. This has been a long journey but we are on the cusp of bringing the Santa Elena mine into continuous production. The next few weeks should be a monumental time for this company and our faithful supporters.”
About Mexus Gold US
Mexus Gold US is an American based mining 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 company is also 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 2018. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. 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
NOV
2017