Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced today that it has reached a tentative agreement with a driller to operate the companies two track mounted core drills. The initial agreement is to produce 2500ft of core drills. The results of these core samples will give engineers the information needed to lay out a reverse circulation program. The reverse circulation operation will include 30,000ft of drilling to a depth of 300ft.
Along with Geologist Cesar Lemas report (Cesar Lemas Report) and the data gained by drilling the quartz veins and the adjacent shear zones, we hope to prove a 500,000oz gold reserve with little over burden.
CEO Paul Thompson stated, “I’ve met with a mine engineering firm and they are preparing a drill program for us. This is just a start for Mexus and will give us a stronger position when dealing with potential partners.”
Mr. Thompson added, “I had a meeting with a group in Arizona this weekend who are very interested in partnering with Mexus. We’ve been in discussions with this group for quite some time and I’m now hopeful a deal can get done in the near future.”