Mexus Gold Continues to Increase Production at its Santa Elena Mine
CABORCA, August 30, 2021 - Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it has reached a new milestone as it continues to produce and ship activated gold bearing carbon for processing. Payment for the initial shipment is expected to be received by mid-September. The company now expects to ship activated carbon twice a month with a minimum of 45 oz. gold and 100 oz. silver. Monthly production will begin to increase in October 2021 as the company builds out and adds to the existing 100,000 ton leach pad. Operationally, Mexus continues mining at the Santa Elena Vein 2 area which is carried out selectively as control sampling and fire assays are guiding production. Mixed oxides and quartz vein- shear zone areas are treated differently with lower grades being worked around. The company is currently producing and hauling approximately 600 to 800 tons per day.
Between July 8th and August 26th 49 control samples were assayed with impressive results. Shear zone material remains between 1.5 to 2 grams average gold content with up to 100 grams per ton silver. Quartz vein mineral is averaging 5.4 grams per ton gold and a wide spectrum of silver values from 13 to 50 grams per ton with some high bonanza spots. Very few blank gold samples in between show a homogeneous gold content throughout the vein structure. In addition, deeper levels have increased gold and silver values due to the weathering effect. Vein 2 mineral continues to be hauled and crushed to the pad site.
Mexus is considering all offers to develop its 3 properties: Santa Elena, Mabel, Ures. The company believes that the right partner would leverage Mexus' opportunity to maximize shareholder returns.
Recent-fire-assays
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. 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.
Mexus Gold US (775) 721-9960.
Paul Thompson Sr
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.
SOURCE: Mexus Gold US