Mexus Continues To Produce Gold; Seeks JV at Santa Elena Mine
Mexus Gold US has announced readiness to ship gold-laden activated carbon from its Santa Elena mine, following assays from the customs office. This marks the company's second shipment since December 20, 2021, with additional shipments anticipated in the next 3½ weeks due to improved mining operations. CEO Paul Thompson expressed intentions to pursue a joint venture for a drilling program at the mine, aiming for favorable pricing and royalties amidst high gold prices. The company is committed to environmental protection and community employment.
- Ready to ship gold-laden activated carbon, indicating productive operations.
- Expecting additional shipments in the next 3½ weeks due to recent mining improvements.
- Pursuing a joint venture to enhance shareholder value through drilling programs.
- Dependence on assays from the customs office may delay shipments.
- Risks associated with joint venture negotiations could impact future operations.
CABORCA, MEXICO / ACCESSWIRE / January 10, 2022 / Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company) announced it is ready to ship gold laden activated carbon from production at its Santa Elena mine upon receiving assays from the import/export customs office. This shipment will be the second shipment since 12/20/21. The net returns will be published when results are produced by the smelter. Based on recent mining improvements and the opening of new ground the company expects an additional shipment will be made in the next 3 ½ weeks.
Mexus is pursuing a joint venture partner at the Santa Elena mine. Mexus CEO Paul Thompson added "I believe that a partner performing a drilling program with the option to buy for a set price plus a royalty is the best option for the shareholders. We expect to negotiate a good price per oz gold equivalent given the continued high price of gold, production occurring at the Santa Elena mine, and the data compiled to date."
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
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https://www.accesswire.com/681610/Mexus-Continues-To-Produce-Gold-Seeks-JV-at-Santa-Elena-Mine
FAQ
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