CARSON CITY, Nev., Jan. 11, 2013 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.
The Mexus Trinidad Joint Venture started off the 2013 New Year with a bang! The Mexus Trinidad JV poured its first production on January 3, 2013 consisting of 4,392 grams of gold at 97% fineness and 126,184 grams of silver at 99.5% purity and was shipped by armored car on the 8th. “This is just a start” as Production Manager and JV Partner, Kenneth Azuka puts it. He goes on to say “Now that we have adequate pregnant solution flow at a rate of 1650 gallons per minute from our #3 and #6 Pads returning to our Merrill Crowe recovery plant and four filter presses in operation, the seasoned crew working as a well-oiled team we should produce gold/silver product every 10 to 15 days.”
Mine Engineer, Segisfredo Velazquez Fragozo states that “The JV’s plan was to be in production by January 1, 2013.” He goes on to state that this date was met. Our next goal is to re-crush Pads 1 and 2, which according to Segisfredo, contains approximately 2,000,000 tons of ore needing to be re-crushed to a 3/8 minus as our testing shows a recoverable grade of 1 gram per ton gold and 40 grams of silver. This will be done using our new crushing and conveying equipment sized for 6,000 tons a day including placement of the ore using a radial stacker by February 1, 2013. Third, our goal is to re-build and purchase new mining equipment to place new ore on our extended and new heap pads by May 1, 2013.
About Mexus Gold US
Mexus Gold US (OTCQB:MXSG) is a company engaged in the mining industry for the purpose of producing precious metals, including gold, silver and copper, from its projects located in the state of Sonora, Mexico and in the states of Nevada and Alaska. Mexus Gold US is dedicated to protecting the environment, providing employment and education opportunities for the communities where they operate. For further information or to see the full report, visit www.mexusgoldus.com.
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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.
JAN
2013