Category: Exploration and Development

The management team has been developing a restart plan that will provide for a safe mine site environment that delivers cash flow from operations while working under the mandated sanitation measures required by government. On site manpower will be increased progressively as it is deemed safe, with the initial focus being the development of ramps in Lupita Extension and Diluvio West to access higher grade mineralization. Diamond drilling crews will be added in early June to resume delineation drilling programs. It is anticipated that by early July the mine will once again be fully operational.

“We are very pleased with the extension of the option agreement on the San Acacio project and want to thank our property vendor for their continued support of Defiance Silver. This additional financial flexibility will enable us to continue our ongoing exploration efforts, which are focused on the compilation and reinterpretation of all previous work done at San Acacio. This work will allow us to better understand the mineral system and create better structural controls for future drill target definition and delineation,” stated Chris Wright, Executive Chairman & CEO.

“Every day Mexus is experiencing firsts relating to production. From the amount of material being mined, crushed, and placed on the heap leach pad to the end production of gold. This will be our best month of gold production and is a testament to the perseverance and commitment of all involved with the company. The Santa Elena mine is a historical mine site and encompasses over 6500 acres. I’m excited to see the production of gold increase as we build out and tap into this outstanding property. My goal has always been to make Mexus into a major mining company.” added Mexus CEO, Paul Thompson.

“Ante la emergencia sanitaria que vive México como consecuencia de la pandemia de Covid–19, Minera Gorrión (MG), subsidiaria mexicana de Almaden Minerals a cargo del desarrollo del proyecto de mina Ixtaca, entregó insumos de higiene y prevención al gobierno estatal, a las instancias de salud y a la población de Ixtacamaxtitlán. En total, se distribuyeron 4 mil botellas de alcohol en gel y 10 mil cubrebocas de triple capa.

Operations will be allowed to re-open from 1 June 2020, with the period from 18 May to 31 May to be used to implement changes to protocols and procedures to ensure workplace safety. The resumption of activities is conditional upon approval by the Ministry of Health of each company’s new safety measures and may be subject to further Government orders as the COVID-19 pandemic develops.