CABORCA, Mexico, March 2nd, 2020 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is pleased to announce that it is now capable of producing gold on a daily basis. The company has arranged for the sale of 32 ounces of gold from two activated carbon cells using the electrowinning gold recovery system which was started on February 24th, 2020. The company has an additional 65 ounces of gold being processed bringing the total to 97 ounces of gold to date. Under current conditions Mexus will be able to produce 5 to 7 ounces of gold per day with the goal of increasing to 10 ounces of gold per day by March 30th, 2020. The company’s goal is to be producing 100 ounces of gold per week by May 1st, 2020.
“It is with great satisfaction that I can announce this monumental accomplishment for Mexus. We will continue to build upon this production and push to meet our long-term goal of becoming a 100,000 ounce per year gold producing company.” added Mexus CEO, Paul Thompson Sr.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. 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.
Mexus Gold US (775) 721-9960
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.
MAR
2020