CABORCA, Mexico, March 05, 2018 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) released a report written by geologist Cesar Lemas on its Ures property located near Hermosillo, Mexico. The preliminary geological report details initial sampling done on the properties 3 concessions- 370, 8 Brothers, and Scorpio.
Assaying done at the 370 concession, which Mexus will initially mine, showed promising results. The tests were highlighted by 3 samples showing 9, 47, and 10 grams of Au each with 41, 33, and 8 grams Ag as well.
The report is highlighted with the statement that all 3 concessions could contain porphyry type systems. Mr. Lemas added, “Additional drilling should confirm the extent of these porphyry systems. I’m thrilled that Mexus has 3 high grade systems within close proximity to each other. The company will be able to expand its geological reporting as we build out the initial mine.”
The heap pad at the Santa Elena project continues to leach with processing to occur in the near future.
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 producing gold. 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 2018. 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. The company is currently moving equipment to property and will begin mining shortly. 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.
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.
Inquiries – Paul Dent, 425-478-4908 [email protected]
Original Article: https://globenewswire.com/news-release/2018/03/05/1414556/0/en/Mexus-releases-report-on-Ures-property-showing-high-grade-gold-Santa-Elena-update.html
