Mexus Gold US Mining Updates
December 30 2013 - 5:30AM
Mexus Gold US (OTCQB:MXSG) announced today that progress at the San
Felix is being made. Paul Thompson stated, "We have a couple
of options we are looking at for the San Felix project both of
which will be extremely beneficial to the long term outlook of the
company." On December 21 and 22, Mr. Thompson met with four
representatives from a Nevada mining company. There are currently
six parties negotiating for the San Felix property.
One option will be to commence additional drilling to establish
a reserve value which the company believes could be as much as 1
million ounces. This belief is based on historical data as
well as preliminary drill results produced by our geologist. A
drilling program would allow a 43-101 proven reserve value to be
established for this property.
Update on Julio/Santa Elena
Our crew has been working at our goal of doubling our placer
production by moving the plant to a new location to give us needed
area to expand as we have out grown our present location. We have
located a suitable area approximately 1,000 feet to the North and
our expansion of the placer goes with our high grade gravity mill
and underground mine as well as developing an additional water
source for our future open pit heap/leach project. Our open pit
mining will start with the mining of the exposed veins, Julio/Santa
Elena, of known values originally shown by our geologist Cesar
Lemas report.
About Mexus Gold US (OTCQB: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.
CONTACT: Paul Thompson CEO/President
(775) 721-9960
Info@mexusgoldus.com
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