Mexus Updates Its Shareholders

Rhea-AI Summary

Mexus Gold US (OTCQB:MXSG) has updated shareholders about its Santa Elena project, emphasizing ongoing discussions with potential partners for production and exploration. CEO Paul Thompson indicated that progress on various properties, including the Mabel property, will be communicated soon. The company operates the fully owned Santa Elena mine located near Caborca, Mexico, and also holds rights to the Ures property, which spans 6900 acres and contains both gold and copper.

Positive

• Ongoing discussions with multiple companies for potential production and exploration partnerships.
• Commitment to environmental protection and community employment in operations.

Negative

• Uncertain outcomes from current negotiations may affect project timelines.
• Reliance on partnerships introduces risk if these discussions do not result in agreements.

CABORCA, MEXICO / ACCESSWIRE / August 29, 2022 / Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company) updated its shareholders concerning its Santa Elena project. Mexus continues to actively seek the right partner for production and/or exploration at the property. The company is in discussions with multiple companies.

"We are still working on all options for Mexus' multiple properties and I expect to update our shareholders on progress at the Mabel property in the near future." Added Mexus CEO Paul Thompson.

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/713755/Mexus-Updates-Its-Shareholders

FAQ

What is the latest update from Mexus Gold US regarding the Santa Elena project?

Mexus Gold US is actively seeking partners for production and exploration at the Santa Elena project, with ongoing discussions with multiple companies.

What properties does Mexus Gold US own?

Mexus Gold US owns the fully operated Santa Elena mine and holds rights to the Ures property, which contains both gold and copper.

What is the significance of the Mabel property for Mexus Gold US?

The Mabel property is expected to see updates soon as Mexus Gold US continues to explore various options for its properties.

What risks are associated with Mexus Gold US's current partnerships?

The company faces risks such as potential failure to finalize partnerships and market demand uncertainties for new developments.