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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.”