Mexus Continues to Increase Production at its Santa Elena Mine

Rhea-AI Summary

Mexus Gold US (OTC PINK:MXSG) announced a new milestone in producing and shipping activated gold-bearing carbon. The first shipment payment is expected by mid-September, with plans to ship twice monthly, averaging 45 oz. gold and 100 oz. silver. Mining at the Santa Elena Vein 2 is ongoing, with 600 to 800 tons produced daily. Recent assays show gold content ranging from 1.5 to 5.4 grams per ton, with silver values up to 100 grams per ton. Mexus is exploring development partnerships for its properties to maximize shareholder returns.

Positive

• New shipment of activated gold-bearing carbon expected by mid-September.
• Planned increase in monthly production starting October 2021.
• Strong assay results from recent control sampling, indicating high gold and silver content.

Negative

• None.

CABORCA, MEXICO / ACCESSWIRE / August 30, 2021 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it has reached a new milestone as it continues to produce and ship activated gold bearing carbon for processing. Payment for the initial shipment is expected to be received by mid-September. The company now expects to ship activated carbon twice a month with a minimum of 45 oz. gold and 100 oz. silver. Monthly production will begin to increase in October 2021 as the company builds out and adds to the existing 100,000 ton leach pad.

Operationally, Mexus continues mining at the Santa Elena Vein 2 area which is carried out selectively as control sampling and fire assays are guiding production. Mixed oxides and quartz vein- shear zone areas are treated differently with lower grades being worked around. The company is currently producing and hauling approximately 600 to 800 tons per day.

Between July 8th and August 26^th 49 control samples were assayed with impressive results. Shear zone material remains between 1.5 to 2 grams average gold content with up to 100 grams per ton silver. Quartz vein mineral is averaging 5.4 grams per ton gold and a wide spectrum of silver values from 13 to 50 grams per ton with some high bonanza spots. Very few blank gold samples in between show a homogeneous gold content throughout the vein structure. In addition, deeper levels have increased gold and silver values due to the weathering effect. Vein 2 mineral continues to be hauled and crushed to the pad site.

Mexus is considering all offers to develop its 3 properties: Santa Elena, Mabel, Ures. The company believes that the right partner would leverage Mexus' opportunity to maximize shareholder returns.

Recent-fire-assays

About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. 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.

Mexus Gold US (775) 721-9960.
Paul Thompson Sr

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.

SOURCE: Mexus Gold US

View source version on accesswire.com:
https://www.accesswire.com/661904/Mexus-Continues-to-Increase-Production-at-its-Santa-Elena-Mine

FAQ

What is the latest production update for Mexus Gold US (MXSG)?

Mexus Gold US is set to produce and ship activated gold-bearing carbon, with the first payment expected by mid-September and planned shipments twice a month.

What are the recent assay results for Mexus Gold US's mining operations?

Recent assays revealed gold content between 1.5 and 5.4 grams per ton, with silver values reaching up to 100 grams per ton.

When will Mexus Gold US increase its production levels?

Mexus Gold US plans to increase monthly production beginning in October 2021.

What are Mexus Gold US's plans regarding its mining properties?

Mexus Gold US is considering partnerships to develop its three properties: Santa Elena, Mabel, and Ures.