CABORCA, Mexico, Feb. 26, 2018 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that progress at the Ures project continues and is on pace. Cesar Lemas, project manager for the Ures project, recently completed the construction of access roads on the Ures, El Scropio, and 370 concessions. In addition, he continues to take samples from the area to be initially mined and is extremely happy with the assay results. Mr. Lemas added, “Based on my sampling, I can say that we should average 5 grams per ton Au from our VAT leaching system.”
The construction of the VAT system continues at Mexus’ Walnut Grove shop. The tank and its attached systems will be completed and shipped this week. Once operable, the tank will be loaded with 100 tons of crushed ore and filled with the proper cyanide solution including lime for PH control. Air will then be forced through the ore via outlets in the bottom of the tank which will ensure that all material is being leached. In approximately 72 hours, the pregnant solution will be drained into a holding tank which will then be run through Mexus’ Merrill Crowe gold recovery system. Mexus already owns the equipment for this project and will only need diesel, cyanide and other miscellaneous parts to begin production.
The lead engineer at the Santa Elena mine has adjusted the recovery formula to deal with the refractory element contents of the ore. He feels this has fixed the recovery problems and has restarted the leaching of the pad. Mexus CEO Paul Thompson added, “I’m confident that the engineer our JV partner has brought on board will fix the issues at the Santa Elena project. I look forward to seeing additional gold sales and continued progress.”
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/2018/02/26/1387027/0/en/Ures-and-Santa-Elena-projects-moving-forward.html
