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MEXUS GOLD US (symbol: MXSG) is an exploration stage mining company focusing on gold, silver, copper, and other precious metal projects in Sonora, Mexico, and the Western United States. With interests in the Santa Elena and Ures properties, Mexus is committed to evaluating, acquiring, and advancing projects. Established in 1990 and based in Carson City, Nevada, Mexus Gold US seeks sustainable growth through strategic initiatives and collaborations.
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.
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.
Mexus Gold US (OTC PINK:MXSG) has signed a letter of intent with Irmex Mining for its Mabel project in Northern Mexico, involving cash payments and a 10% Net Profit Interest. The Mabel property encompasses 1,459 hectares. Additionally, the company is set to ship activated carbon from its Santa Elena mine, with leaching grades averaging 0.66 oz Au. CEO Paul Thompson expressed optimism about securing a joint venture partner for the Santa Elena project, aiming for a potential 1,000,000+ ounce gold resource.
Mexus Gold US (OTCQB:MXSG) sold gold at $1,800 per ounce from material sent to the refiner on December 8, 2021. The company has invested time and resources updating its deep submersible pump and leach pad sprinkler pump in preparation for production and exploration expansion. CEO Paul Thompson stated that Mexus is negotiating with a mining/exploration company concerning one of its properties, anticipating an agreement by January 7, 2022. Mexus operates in Mexico and is focused on environmentally responsible mining practices.
Mexus Gold US (OTC PINK:MXSG) announced plans to ship gold-laden activated carbon to their Idaho refining partner by December 1, 2021. The gold will be sold at a 1.5% discount to spot prices at the time of smelting. Additionally, the company has replaced a deep well submersible pump at its Santa Elena mine in Caborca, Mexico, in preparation for upcoming RC drilling, which is expected to support a belief in over 1,000,000 oz of gold reserves. Mexus is actively seeking partnerships to maximize the mine's potential.
Mexus Gold US (OTC PINK:MXSG) reported revenue of $128,000 for October 2021, with expectations to exceed $150,000 in November due to ongoing improvements at their Santa Elena property. CEO Paul Thompson projected revenues could reach $200,000 per month by January 2022, aiming to reduce outstanding debt. The company operates in Mexico with a focus on mining gold and copper while ensuring environmental protection and community employment.
Mexus Gold US (OTCQB:MXSG) announced that funding for activated carbon is expected by October 28, with another shipment set to process by November 1. The company aims to establish a three-week recurring revenue cycle from activated carbon. Currently, mineralized material is averaging 4.6 gpt Au and 8 gpt Ag. Mexus has initiated a new drill program on October 18, targeting 15,000 tons of high-grade gold material. The Santa Elena mine shows a potential resource of 1.5 million oz of Au and is in partial production as negotiations for an exploration partner continue.
Mexus Gold US (MXSG) has successfully completed the expansion of its heap leach pad at the Santa Elena mine, increasing capacity by 15,000 tons. This new pad is set to begin receiving mineralized material from September 27, 2021. Additionally, preparations for the shipment of the second batch of activated carbon are underway. This expansion is a significant step in enhancing the company’s operational capabilities in mining, particularly in gold and copper extraction in Mexico.
Mexus Gold US (OTC PINK:MXSG) announced its first gold sale from the Santa Elena mine in Caborca, Mexico, completing the shipment of a 76.5 troy oz gold bar to a buyer on September 10, 2021. Additionally, the company plans to send 1.5 tons of activated carbon to its processor by September 24, 2021, which is larger than the prior shipment. Mexus is focused on finalizing an exploration agreement at the Santa Elena mine, enhancing its production capabilities.
Mexus Gold US (OTC PINK:MXSG) announced a new milestone in producing and shipping activated gold-bearing carbon. The first shipment payment is expected by mid-September, with plans to ship twice monthly, averaging 45 oz. gold and 100 oz. silver. Mining at the Santa Elena Vein 2 is ongoing, with 600 to 800 tons produced daily. Recent assays show gold content ranging from 1.5 to 5.4 grams per ton, with silver values up to 100 grams per ton. Mexus is exploring development partnerships for its properties to maximize shareholder returns.
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