CABORCA, Mexico, Sept. 24, 2018 (GLOBE NEWSWIRE) — Mexus Gold US is pleased to announce funding has been secured and drilling will start Q4 on the 300 Meter portion of the 2.2km long strike along the Julio Shear Zone. Typical past shear zone assays have shown an average of 4 gr per ton gold and 20 to 30 gr per ton silver with areas of higher grades in the underground workings on the 30 Meter level of the Julio quartz vein showing Bonanza grade gold.
The target of the up to 12 hole core drill program of up to 800′ of drilling is to establish structural features, the types of mineralization and define up to 100,000 oz of gold resource in about a 500,000 ton resource block, building towards a future 43-101 report. Additionally the program will allow Mexus to begin initial mine plans. Mexus will release assays throughout the 4th Quarter as they become available. The program is expected to cost $ 250,000.00US all in. Mexus Gold US President Paul Thompson stated “we are excited for our shareholders to see core drilling activity starting on the Julio and Mexus believes the potential exists for a much larger resource”.
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. Paul Dent 425-478-4908
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.
Source: Mexus Gold US
Original Article: https://www.nasdaq.com/press-release/mexus-gold-us-to-commence-core-drilling-on-julio-shear-zone-at-santa-elana-project-in-sonora-mx-20180924-00079
