Mexus Gold US announces Santa Elena mine update
27 Giugno 2016 - 9:30AM
Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) along with
its mine partner MarMar holdings gave an update on the progress at
the Santa Elena mine.
Work continues as expected with the stockpiling of 700-1000 tons
of ore from the vein 2 area. This material is from the blast
preparation and is ready to be crushed and placed on top of the
geomembrane liner. The company estimates that 3500 tons of
crushed ore will be used as a filter for the Heap Leach
system. MarMar has drilled a 100 meter section on vein 2 with
6 meter blast holes which are ready to be charged. An
additional 200 meters on this round will produce about 8000 tons of
ore in one blast.
The area known as vein 1 is also being prepared. A 530
meter section of vein 1 will add an estimated 15,000 tons of ore on
the first 6 meters.
Geological mapping and sampling of the property continue on the
property with the existing database being examined and expanded to
produce a geologic model that can be measured and
evaluated.
The heap leach pad and ponds are about 80% complete and ready to
be protected with a 2.5 meter wire mesh fence before proceeding
with installation of the geomembrane.
Added CEO Paul Thompson, “I’m thrilled with MarMar’s progress to
date. They continue to meet and exceed the time frames
they have laid out. I look forward to the day that we
can announce the mine is in full production.”
Additional progress photos have been added to the
website.
Photos found here under Santa Elena Mine
About Mexus Gold US
MEXUS GOLD US is an American-based exploration company with
holdings in Mexico. Mexus' fully owned Santa Elena mine is located
54km NW of Caborca, Mexico. Recently, the company entered
into a joint venture agreement with MarMar holdings of Mexico.
The property sits in an area which is currently being mined
by some of the largest mining companies in the world.
Mexus has drill results which show a high grade, multi vein system
throughout the property. Mexus also owns the rights to the
Ocho Hermanos property, which is located 80km NE of Hermosillo,
Mexico. This property will be drilled to show a proven
reserve once our flagship property is in full production.
Preliminary drilling on this property has been extremely
promising. 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: Inquiries
Paul Dent, 425-478-4908 pdent@mexusgoldus.com
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