CARSON CITY, Nev., February 6th, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) CEO Paul Thompson visited the Santa Elena mine on February 2nd. The purpose of this trip was to evaluate the progress at the mine. Mr. Thompson was able to observe multiple dump trucks placing mineralized material on the leach pad. The excavation and trucking of this material is going well and it was apparent that the first 3 meter lift is nearing completion.
Mr. Thompson was able to meet with on-site engineers and review their initial findings. The first column test has been performed by these engineers with a result of .70 grams AU. This result is encouraging as it represents near surface material. They also stated that cyanide leaching of the pad will begin by the end of February with production occurring by the end of March.
Added Mr. Thompson, “Although progress is slower than we had hoped we are nearing production. The year 2017 will have Mexus ramping up to 10,000 tons a day at the Santa Elena mine. In addition, we expect great things from our San Felix project with production occurring as soon as feasible. All of this is occurring with minimal debt. “
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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 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 2017. In addition, Mexus owns rights to the Ocho Hermanos property located 80km N of Hermosillo, Mexico. This copper and gold property consists of 6900 acres. The permit to build an 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
FEB
2017