CARSON CITY, Nev., March 20, 2017 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced that the initial assay results of the cyanide solution returning to the holding pond is better than expected. On-site engineers have been collecting samples at the outflow pipe twice a day for lab testing. The numbers equate to an average grade for all assays of 1 gram per ton entering the pond.
“This is exciting news for Mexus and our JV Partner. The Initial amount of gold returning to the recovery pond is normally lower during the first weeks of cyanide being introduced to a pad. These returns increase as the cyanide is able to work through the mineralized material. I would expect our numbers to increase as pad 1 gets fully saturated which should take another week. Overall, I’m thrilled with the progress being made at the Santa Elena mine. We have gold in our recovery pond and will be processing gold shortly,” added Mexus CEO Paul Thompson.
In addition, the company announced that a 750KW generator was recently purchased at auction for the San Felix project. This generator will run the entire processing plant at the mine and is an integral part of getting the San Felix mine into production. The generator will be shipped to the mine site during the week of March 19th.
About Mexus Gold US
Mexus Gold US is an American based mining 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 mine is currently leaching on pad1 with gold returning to the holding pond. The company is also 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. 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.
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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