Mexus Updates Its Shareholders
Mexus Gold US (OTC PINK:MXSG) has updated shareholders regarding its Santa Elena project in Mexico, believed to hold over 1 million ounces of gold. The company is negotiating with one exploration firm after receiving multiple offers for property rights. Mexus also retains rights to two additional properties, including a copper porphyry site at Ures. An agreement is in place for the Mabel project. As a mining firm, Mexus is committed to environmental protection and community employment.
- Negotiations with an exploration company for Santa Elena project may enhance resource development.
- Possession of three properties in Mexico may diversify resource potential.
- Uncertainty surrounding the successful completion of exploration and development.
- Dependence on securing a suitable partner poses risks.
CABORCA, MEXICO / ACCESSWIRE / June 27, 2022 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) updated its shareholders concerning the Santa Elena project located near Caborca, Mexico. Mexus continues to seek the right partner to complete the necessary exploration on what the company believes is a 1,000,000 oz plus gold resource. The company has received several offers for the rights on the property and has narrowed negotiations to one exploration company. Mexus is hopeful a deal can be reached in the near term. Mexus has rights to three different properties in Mexico. The company currently has an agreement in place on one of these properties (Mabel project) and will continue to keep an open mind regarding the two others which includes a potential copper porphyry at its Ures property.
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.
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.
CONTACT:
Mexus Gold US (775) 721-9960. Paul Thompson Sr
SOURCE: Mexus Gold US
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