Mexus Prepares To Blast At Its Santa Elena Mine; Continues To Speak To Potential Partners

Rhea-AI Summary

Mexus Gold US (OTCQB: MXSG) announced plans for a significant blast at its Santa Elena mine on April 12, 2021, aiming to yield 10,000 tons of mineralized material with an average of 2.2 gpt Au. Production of gold from this material is expected within 30 days following the blast. The company is exploring partnerships for its 24 claims across 12,500 hectares in Sonoran, Mexico, while the Santa Elena project is prepared to mine 2,500 tons per day, targeting 10,000 tons daily in the long term. The exploration projects also show promising resources of gold and copper.

CABORCA, Mexico, April 05, 2021 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that on April 12^th the company plans on blasting at its Santa Elena mine located near Caborca, MX. The blast will produce approximately 10,000 tons of mineralized material averaging 2.2 gpt Au. Mexus expects to be producing gold from this material within 30 days of the blast.

The company continues to speak to multiple mining companies concerning partnerships for all its properties. The company believes the time is right with the company controlling 24 claims on approximately 12,500 hectares. The claims are located in the Sonoran State of Mexico and reside near other producing mines. The Santa Elena project is operational with all the necessary permits and equipment to crush, mine, and leach an initial 2500 tons a day of mineralized material. The company’s long-term goal is to mine 10,000 tons a day. The Mabel project, with only 5% of the concession drilled, has an estimated resource of approximately 45,000 oz. of Au near surface with little over burden. The Ures project gold assays show .5 to 16 gpt Au, 8 Brothers has shown up to 10 Kilos Ag per ton, and the Scorpio contains as high as 9% copper. Geologists from a neighboring mine recently visited Mexus’ Santa Elena project. The visiting geologist believe the minerals and multiple structures resemble those at the nearby La Herradura mine. Mexus feels the time is right to consider all qualified offers from exploration drilling companies to production investment companies allowing Mexus to expand to its fullest potential and offer the biggest return for its shareholders.

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.

 

FAQ

What are the plans for the Santa Elena mine by Mexus Gold US on April 12, 2021?

Mexus Gold US plans to blast at the Santa Elena mine on April 12, 2021, to produce approximately 10,000 tons of mineralized material averaging 2.2 gpt Au.

When does Mexus Gold US expect to start gold production after the blast?

Mexus Gold US expects to start producing gold from the blasted material within 30 days after April 12, 2021.

How many claims does Mexus Gold US control and what is their area?

Mexus Gold US controls 24 claims over approximately 12,500 hectares in Sonoran, Mexico.

What is the long-term mining goal for Mexus Gold US at the Santa Elena project?

The long-term goal for Mexus Gold US at the Santa Elena project is to mine 10,000 tons of mineralized material per day.

What estimated resources are present at the Mabel project by Mexus Gold US?

The Mabel project has an estimated resource of approximately 45,000 oz. of Au near surface with little overburden.