• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • WORLD EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • WORLD EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Minerals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    Gold Price
    • Gold Market
    • Gold News
    • Gold Stocks
    • Gold Price

    Sale of Gold Confirmed from Test Run at Santa Elena Mine

    Written by Melissa Shaw
    |
    Feb. 16, 2018 09:14AM PST

    Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced today that a small amount of gold has been sold as a result of its joint venture operation at the Santa Elena mine. MexusGold MX, a wholly owned subsidiary of MexusGold US, continues to work towards production at the fully permitted Ures property in Hermosillo, Mexico.  President …

    Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced today that a small amount of gold has been sold as a result of its joint venture operation at the Santa Elena mine.

    MexusGold MX, a wholly owned subsidiary of MexusGold US, continues to work towards production at the fully permitted Ures property in Hermosillo, Mexico.  President of MexusGold MX, Cesar Lemas, and advisor Elias Badilla continue to assay and map the property to determine the best area to begin mining. Their assaying is showing 5 to 10 grams Au per ton.

    Mexus CEO Paul Thompson said:

    “The Santa Elena results to date are disappointing.  We were expecting to be producing a significant amount of gold by now. I’m hopeful that MarMar will get the job done as we know that there is gold on the leach pad and on the property in general.

    I will get updates to our shareholders as we receive additional information.   I’m optimistic that MarMar has the right staff on site to get the gold from the leach pad.  We are pushing forward with our other properties and the outlook for these is extremely promising.   You can see that our first target is the Ures property.  Getting production from this property will give Mexus the much needed revenue stream to allow for a build out on all of our properties.”

    Click here to read the full text release.

    joint venture
    The Conversation (0)

    Go Deeper

    AI Powered
    Lahontan Gold Corp. (TSXV:LG)

    Lahontan Gold Corp.

    Orex Awards a Contract for Metallurgical Testing on Sandra Escobar Silver Project

    Latest News

    $2.5m Raised to Fast Track Stage 2 Drilling at Music Well

    Trading Halt

    Trading Halt

    Nine Mile Metals Announces Additions to Management Team and Board of Directors

    Sankamap Announces Adoption of Semi-Annual Reporting

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES