CABORCA, Mexico, May 06, 2019 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company) announced that it has begun blast hole drilling on the Julio vein system and the adjacent shear zone in preparation for blasting. This initial drilling should be completed the week of May 13th with the resulting blast producing the ore necessary to start steady production. The material being drilled has been sampled and is averaging 4 grams per ton Au and 12 grams per ton Ag.
Mexus currently has over 12,000 tons of ore stockpiled and ready to mine which was a result of the preparation of the pit on the Julio vein. This material is being crushed and placed on the pad now. The recent progress is further proof that the company is steadily transitioning from an exploration company to a producing miner.
New photos added to Mexus website
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.
Stan Berk phone # 805-206-5816
William T. Bogard phone # 949-351-0207
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.
Original Article: https://www.nasdaq.com/press-release/mexus-continues-positive-progress-towards-production-of-gold-at-santa-elena-mine-20190506-00056
