MEXUS GOLD US - MXSG STOCK NEWS

Mexus Gold US (OTCQB: MXSG) is collaborating with geologists from the Herradura mine to explore a potential 1 million+ oz gold target at the Santa Elena mine in Caborca, Mexico. This initiative aims to complement the estimated 150-200k oz gold from the vein quartz structure, which will be added to the reserves upon verification. Core drilling is set to begin shortly to evaluate the mineral deposit's economic viability. Additionally, a long-term financial agreement for continued drilling is expected soon.

Mexus Gold US (OTCQB: MXSG) successfully conducted a blast at the Quartz 2 vein of its Santa Elena mine on April 29, yielding between 10,000 to 15,000 tons of mineralized material. The company expects an average gold grade of 2 to 4 g/t Au from this material. Improvements in the gold recovery circuit are underway, aiming to boost the heap leaching process. A potential partner is planning a visit to explore collaboration opportunities. CEO Paul Thompson noted that this breakthrough enables Mexus to expand more rapidly due to higher-grade material, which previously posed profit margin challenges.

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.

Mexus Gold US (OTCQB: MXSG) has obtained an explosives permit to advance mining in the Mexus II and Julio vein structures, which contain gold grades up to 16 gpt Au and an average of 4.2 gpt Au. The company anticipates conducting its first blast shortly, aiming to produce around 10,000 tons of leachable material. There are ongoing discussions with multiple mining companies regarding future opportunities for their properties in Sonora, Mexico. This progress is expected to enhance cash flow and expedite growth.

Mexus Gold US (OTCQB: MXSG) continues to attract interest from various mining companies for potential partnerships and drill agreements based on 43-101 results. Currently, it is reviewing its properties, including the Santa Elena mine and the Mabel gold/copper property, which has shown significant potential with 40,000 oz Au equivalent drilled. Recent developments include the opening of three major pits at the Santa Elena mine, which contain varying grades of gold. The company is awaiting a blasting permit to enhance production and efficiency at these sites.

Mexus Gold US (OTCQB: MXSG) resumes mining operations at the Santa Elena mine after overcoming a 20-day COVID-related slowdown. The Mexus III area shows promising gold and silver values, with leaching currently at 60 Gpm. New carbon filters optimize gold recovery. The Vein II area is ready for blasting, expected to yield over 10,000 tons of high-grade material. CEO Paul Thompson highlights ongoing discussions with potential partners and expresses optimism about the company's future prospects, particularly regarding its copper property in Sonora State.

Mexus Gold US (MXSG) has provided updates on its Santa Elena mine, highlighting ongoing work in the Mexus III area, yielding an average gold grade of 1.02 g/t Au. Their drilling program reports zones of up to 2.3 g/t Au and plans for a significant blast to produce 15,000 to 20,000 tons of mineralized material. Approximately 2,000 tons with 1 g/t Au are being processed on leach pads, achieving initial recoveries of 30% and potentially reaching 70-80%. The Mabel Project's reserves are under review, with prior estimates suggesting 45,000 ounces of gold.

Mexus Gold US (OTCQB: MXSG) has announced the successful removal of two-thirds of the heap leach pad at its Santa Elena mine in Caborca, Mexico, down to 1.5 meters. The company is now processing remaining gold-bearing material through its ball mill gravity recovery system. A new heap leach pad is set for completion by November 1, with operations commencing by November 15. The average grade of stockpiled mineralized material is 4.2 GPT Au, with gold recovery anticipated by December 1, 2020.

Mexus Gold US (OTCQB: MXSG) has completed a 1 for 20 reverse stock split effective today, aiming to enhance its stock price and facilitate uplisting opportunities. This decision follows the company's recent discovery of gold in silver chloride at its Santa Elena mine, with net gold recovery reaching $9,339.85. Mexus has contracted David H. Fell & Company for gold processing and aims to resolve variable recovery issues by year-end. The company is optimistic about its mineral properties, including the Mabel and 8 Brothers/370 properties, which hold substantial gold, silver, and copper potential.