CARSON CITY, Nev., Aug. 08, 2016 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that a series of blasts were completed at the Santa Elena mine with successful fragmentation. The initial blasts resulted in 60,000 tons of ore with grades ranging from 1 to 3 grams per ton. Marco Martinez, President of MarMar holdings, stated that this material is now ready to be moved to the heap leach pad. In addition, Mr. Martinez stated that the geomembrane heap leach pad is nearly complete with the anchoring of the liner remaining. The electro winning gold recovery equipment is currently being assembled in Monterrey, Mexico. The equipment should be ready by the time the first 1 meter lift is completed on the heap leach pad.
Added Mexus CEO Paul Thompson, “With our JV partner MarMar we continue to move closer and closer to production and reaching our ultimate goal of becoming a major gold producer!”
Video of one of the blasts performed at the Santa Elena mine
Photos of blast preparation, blasted material, and geomembrane installation (under Santa Elena mine)
MEXUS GOLD US is an American-based exploration company with holdings in Mexico. Mexus' fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Recently, the company entered into a joint venture agreement with MarMar holdings of Mexico. The property sits in an area which is currently being mined by some of the largest mining companies in the world. Mexus has drill results which show a high grade, multi vein system throughout the property. Mexus also owns the rights to the Ocho Hermanos property, which is located 80km NE of Hermosillo, Mexico. This property will be drilled to show a proven reserve once our flagship property is in full production. Preliminary drilling on this property has been extremely promising. 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.