CARSON CITY, Nev., Oct. 28, 2013 (GLOBE NEWSWIRE) — Mexus Gold US (MXSG), Mexus Mining Updates
Mexus Enterprise heap leaching continues to produce gold. Our RC drilling program on the newly acquired San Felix is going as planned with 5 holes completed with near surface intercepts from 78′ to 126′ thick mineralized zones found, the drilling will continue. The San Felix mine is known to have been mined underground by the Spaniards some 350 years ago to a depth of 300′. Some of the old workings are open today. Up until recent times, mining anything under two ounces per ton was not considered economically feasible. Mexus will use contract miners that already have the necessary equipment needed to mine 6000 tons a day. Recent assay show 0.300 to 11.430 grams per ton gold and 18.16 grams per ton silver with an average of 2 grams per ton gold. Although our drilling shows great potential, Mexus is considering all options at this time.
Mexus Gold Mining SA de CV
In anticipation of receiving our mining permits, Mexus is moving forward with the necessary recovery equipment to process 400 gpm. We have purchased and constructed 90% of this equipment at this time, (See Julio Mine gallery on Mexus website for pictures: http://mexusgoldus.com/photos.php) , along with the engineering to install and operate an open pit heap leach operation at the Julio mine. Ready and waiting permits, the Julio underground is also ready to start along with restarting the placer operation. This is very exciting times for Mexus.
About Mexus Gold US (MXSG)
Mexus Gold US is a gold, silver and copper exploration company focused on projects in the Western United States and Northern Mexico. Mexus Gold US and its subsidiaries Mexus Enterprises S.A. de C.V. and Mexus Gold Mining S.A. de C.V. have several mining operations in Mexico. Mexican operations include the San Felix Mine; the Mexus-Atzek Mine, a joint venture agreement with Atzek Mineral S.A. de C.V.; the Julio Mine and other prospective areas awaiting additional exploration and evaluation. Mexus Gold Mining S.A. de C.V. and Mexus Enterprises S.A. de C.V. employ over 60 people and utilize third-party consultants and geologists to assess its mining exploration and operations for gold and other precious metal values. 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 mexusgoldus.com.
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.
Paul Thompson CEO/President