CARSON CITY, Nev., Dec. 19, 2016 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) CEO/ President Paul Thompson visited the Santa Elena mine in Sonora State Mexico from December 13th through the 17th. Mr. Thompson reports that the Merrill Crowe is being installed and will be operational in January 2017.
In addition, the company announced that fresh ore is being crushed and stacked on the pads. The mine site is currently using Mexus’ 1236 jaw crusher and impacting system. It was recently determined that this system will not meet the production goals for the mine. Mexus JV partner, MarMar Holdings, made the decision to increase production by installing a 42” jaw crushing system. This crusher should be in place shortly and will be added to Mexus’ 54” closed cone screen plant to increase the overall output.
“Our JV partner continues to work hard to get the Santa Elena mine into production at a very low cost. I would like to thank our shareholders for their patience and support as we continue to grow Mexus into what is becoming a world class mine,” added Mexus CEO Paul Thompson.
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 be completed by the end of October, 2016. Mexus recently added another mine to its portfolio. The San Marco mine is a gold and silver mine which sits in the municipality of Pitiquito, 200km S of Puerto Penasco and 250km NW of Hermosillo, Sonora in the community of Puerto Libertad. This property encompasses a total of 970 acres. The previous owner had identified 110,000oz. of gold through prior geological evaluations. The property is in a 50/50 joint venture with MarMar holdings. Permits for this project are being submitted as of September, 2016. 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.
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.
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