Mexus Gives An Update On Its Three Properties
Mexus Gold US (OTCQB:MXSG) provides an update on its three properties in Mexico. The Santa Elena project, spanning 5678 acres, is currently producing gold using open pit mining and heap leaching. The company is negotiating a potential joint venture with a major mining firm. The Mabel Project contains over 45,000 ounces of gold and 500,000 ounces of silver and is progressing well with drilling programs. Lastly, the Ures Scorpio project has shown promising assay results, leading to plans for a follow-up drilling program. Mexus is committed to environmental protection and community employment.
- Santa Elena project is actively producing gold, showcasing operational capability.
- Mabel Project has measured resources of over 45,000 ounces of gold and up to 500,000 ounces of silver.
- Successful agreement with Irmex for drilling at the Mabel Project indicates strong partnership prospects.
- Ures Scorpio project has promising trenching results, suggesting potential for future drilling.
- Mexus is committed to environmental safety and community employment.
- The company faces risks related to the successful development of new or enhanced products.
- Forward-looking statements raise concerns about capital needs and market demand.
CABORCA, MEXICO / ACCESSWIRE / February 14, 2022 / Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company) released a general update on its 3 properties. The Santa Elena project, located 30 kms east of the major gold producer mine La Herradura in Sonora, Mexico, is a private property ranch of 5678 acres. The property consists of 8 mining concessions totaling 2227 acres.
Santa Elena is currently in test capacity producing gold with direct open pit mining, heap leaching, and carbon absorption recovery. Once collected the carbon is shipped to a recovery facility to obtain and complete the final sale of dore. Mining high-grade mineral allows the small capacity to sustain current operations. Mexus is negotiating with a major mining/exploration company to joint venture or complete an exploration option to buy deal. Recent geologic evaluations have turned the Santa Elena into a major exploration target.
The Mabel Project is located 40 kilometers south of the Arizona border at Sasabe and about 80 kms south of the major porphyry copper mines in Arizona and Sonora. The property contains 10 mining concessions totaling 4832 acres. The Mabel was originally a porphyry copper target project but also contains a gold resource which has been intensively drilled and partially measured with more than 600 drill holes. It is estimated that more than 45,000 ounces gold and up to 500,000 ounces of silver are present at shallow depths. Mexus reached an agreement with Irmex mining company, a Mexican corporation. The partner company is making excellent progress at the property as they work to begin a drill program.
Mexus' Ures Scorpio project, about 65 kilometers NE of Hermosillo, Sonora, Mexico, is located within the Sonora-Sinaloa porphyry copper-gold belt and contains 9173 acres. There are 8 concessions which have been partially worked and geologically interpreted as a major 2 kilometer long gold and base metal structure. Trenching and surface sampling assays have been extremely promising and suggests a follow up drilling program. The company will seek to joint venture this property with an exploration company.
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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FAQ
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