CABORCA, Mexico, June 12, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced today that the secondary cone crusher has arrived at the Santa Elena mine. This equipment will help the company and our JV partner, MarMar Holdings, in reaching the end goal of producing 10,000 tons per day.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/c9175153-ebf4-4a4d-908e-96de0de0efd2
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In addition, the company received additional assays from material collected near the Julio Vein system.
| Au grams per ton | Ag grams per ton | ||
| 8.3 | 4.8 | ||
| .7 | 2.1 | ||
| 1.9 | 2.1 | ||
| 5.8 | 8.7 | ||
| 5.0 | 5.6 | ||
| 1.1 | 2.1 | ||
| 1.3 | 2.6 | ||
Finally, The Atomic Absorption machine is now installed and ready for use. A lab has been set up at the mine site which is shown in the attached photos.
‘We continue to get fantastic assay results from material collected in and around the Julio vein system. Both Mexus and our JV partner are excited about these results and show the potential of this property. I’m also thrilled with MarMar and the recent progress. The amount of equipment arriving on site has been incredible. Both companies are committed to seeing this property to full production!” added Mexus CEO Paul Thompson.
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. 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.