Mexus Gold US MXSG
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Mexus Gold US
Company Website: http://mexusgoldus.com/
Mexico Properties
Santa Elena Mine
Mexus’ Santa Elena Mine is located 54 kilometers NW of Caborca, Sonora, Mexico just West of Mexico Highway 2. This fully permitted project consists of several mining concessions totaling approximately 1340 hectacres.
The Santa Elena Mine is dominated by a series of fissure white quartz veins where 6 important systems have been recognized. Three or four low angle shear zones are also present with important prospects in them and notable higher gold grades as bonanza pockets. The fissure quartz veins have an average width of 2.1 meters. The quartz is massive and mostly fractured, and often brecciated due to multiple pulses during deposition.
The Julio Vein extends more than 800 meters before it buries and is known for high bonanza grades which includes the underground mining site on the property and is estimated at 415,000 tons on the surface with a minimum of 5 grams per ton. There are also four shear zones recognized in the area. Shear Zone 1 is coincident with the Julio Vein and had a sample graded at 11.5 grams. Shear Zone 2 is 400 meters to the south east and parallel to the vein system 1 through 5. Shear Zone 3 contains a bonanza pocket which had sample results as high as 19 grams was graded at an average of 5.5 grams from assayed sample results. Shear Zone 4 presently contains some pits, adits and shafts and graded 2 grams from eight samples. The 6 major vein structures identified in the area south of the Julio shaft account for nearly 4,000,000 tons of ore with an average gold grade of 2.5 grams with three times as much in Silver.
Mexus Gold US announces Santa Elena mine update
07/14/2016
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, minesafety 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
Mexus releases photo of drill working quartz vein at the Santa Elena mine
06/10/2016
Photo found under the Santa Elena album.
http://www.mexusgoldus.com/photos.php
Photos added to the media gallery showing a small portion of the equipment being moved to the Santa Elena mine
05/30/2016
http://www.mexusgoldus.com/photos.php
Found under Santa Elena mine
Mexus enters into joint venture with MarMar Holdings
05/24/2016
CARSON CITY, Nevada May 23rd, 2016: Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced today that it has entered into a joint venture agreement with MarMar Holdings of Mexico at its Julio/Santa Elena property. Under the 50/50 joint venture agreement, MarMar will operate the mine and carry all costs. In addition, the company is announcing that the Julio/Santa Elena property will now be known as the Santa Elena mine.
MarMar Holdings is owned by Marco Martinez of Monterrey, Mexico. Mr Martinez has over 40 years of experience in mining including work done at Penoles’ La Herradura open pit mine. MarMar has an extensive staff including lawyers, certified geologists, engineers, equipment operators and general labor to work the Santa Elena mine. In addition, MarMar owns equipment capable of moving up to 100,000 tons of ore a day. Certified Geologists from MarMar are already working the property and have identified additional ore bodies. The company is bringing in a blast hole drill and will do the initial shoot when ready. Initially, Mexus had planned to do a test 10,000 ton heap leach pad. This agreement changes the plan and will allow the heap leach pads and ponds to be built much larger.
Added Mexus CEO Paul Thompson, “The scale and scope that MarMar brings to this project will allow the mine to be built out much larger and much faster than we had planned. This is a great fit for Mexus and a win for our shareholders. Marco’s knowledge and experience with large mines will prove invaluable as we move forward. Between our geologist, Cesar Lemas, and MarMars’ certified geologist we’ve identified over 1,000,000 tons of mineralized material with an average value of 1.5 gram AU per ton. This material sits at the surface with an initial mining depth of 3 meters and no overburden. We know that this properties value goes much deeper than that. In addition, the certified geologists will begin a drill program that will be the basis of creating an NI 43-101. Our goal is to mirror what Penoles did just 30km south of our property and create a world class mine that will produce gold for years to come.”
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. 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
MXSG Security Details
Share Structure
Market Value1 $27,722,043 a/o Jul 22, 2016
Authorized Shares 860,000,000 a/o Mar 09, 2016
Outstanding Shares 486,351,623 a/o Feb 22, 2016
-Restricted Not Available
Float Not Available
Par Value No Par Value
Transfer Agent(s)
Action Stock Transfer Corporation
Shareholders
Shareholders of Record 274 a/o Jul 14, 2015
Company Website: http://mexusgoldus.com/
Mexico Properties
Santa Elena Mine
Mexus’ Santa Elena Mine is located 54 kilometers NW of Caborca, Sonora, Mexico just West of Mexico Highway 2. This fully permitted project consists of several mining concessions totaling approximately 1340 hectacres.
The Santa Elena Mine is dominated by a series of fissure white quartz veins where 6 important systems have been recognized. Three or four low angle shear zones are also present with important prospects in them and notable higher gold grades as bonanza pockets. The fissure quartz veins have an average width of 2.1 meters. The quartz is massive and mostly fractured, and often brecciated due to multiple pulses during deposition.
The Julio Vein extends more than 800 meters before it buries and is known for high bonanza grades which includes the underground mining site on the property and is estimated at 415,000 tons on the surface with a minimum of 5 grams per ton. There are also four shear zones recognized in the area. Shear Zone 1 is coincident with the Julio Vein and had a sample graded at 11.5 grams. Shear Zone 2 is 400 meters to the south east and parallel to the vein system 1 through 5. Shear Zone 3 contains a bonanza pocket which had sample results as high as 19 grams was graded at an average of 5.5 grams from assayed sample results. Shear Zone 4 presently contains some pits, adits and shafts and graded 2 grams from eight samples. The 6 major vein structures identified in the area south of the Julio shaft account for nearly 4,000,000 tons of ore with an average gold grade of 2.5 grams with three times as much in Silver.
Mexus Gold US announces Santa Elena mine update
07/14/2016
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, minesafety 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
Mexus releases photo of drill working quartz vein at the Santa Elena mine
06/10/2016
Photo found under the Santa Elena album.
http://www.mexusgoldus.com/photos.php
Photos added to the media gallery showing a small portion of the equipment being moved to the Santa Elena mine
05/30/2016
http://www.mexusgoldus.com/photos.php
Found under Santa Elena mine
Mexus enters into joint venture with MarMar Holdings
05/24/2016
CARSON CITY, Nevada May 23rd, 2016: Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced today that it has entered into a joint venture agreement with MarMar Holdings of Mexico at its Julio/Santa Elena property. Under the 50/50 joint venture agreement, MarMar will operate the mine and carry all costs. In addition, the company is announcing that the Julio/Santa Elena property will now be known as the Santa Elena mine.
MarMar Holdings is owned by Marco Martinez of Monterrey, Mexico. Mr Martinez has over 40 years of experience in mining including work done at Penoles’ La Herradura open pit mine. MarMar has an extensive staff including lawyers, certified geologists, engineers, equipment operators and general labor to work the Santa Elena mine. In addition, MarMar owns equipment capable of moving up to 100,000 tons of ore a day. Certified Geologists from MarMar are already working the property and have identified additional ore bodies. The company is bringing in a blast hole drill and will do the initial shoot when ready. Initially, Mexus had planned to do a test 10,000 ton heap leach pad. This agreement changes the plan and will allow the heap leach pads and ponds to be built much larger.
Added Mexus CEO Paul Thompson, “The scale and scope that MarMar brings to this project will allow the mine to be built out much larger and much faster than we had planned. This is a great fit for Mexus and a win for our shareholders. Marco’s knowledge and experience with large mines will prove invaluable as we move forward. Between our geologist, Cesar Lemas, and MarMars’ certified geologist we’ve identified over 1,000,000 tons of mineralized material with an average value of 1.5 gram AU per ton. This material sits at the surface with an initial mining depth of 3 meters and no overburden. We know that this properties value goes much deeper than that. In addition, the certified geologists will begin a drill program that will be the basis of creating an NI 43-101. Our goal is to mirror what Penoles did just 30km south of our property and create a world class mine that will produce gold for years to come.”
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. 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
MXSG Security Details
Share Structure
Market Value1 $27,722,043 a/o Jul 22, 2016
Authorized Shares 860,000,000 a/o Mar 09, 2016
Outstanding Shares 486,351,623 a/o Feb 22, 2016
-Restricted Not Available
Float Not Available
Par Value No Par Value
Transfer Agent(s)
Action Stock Transfer Corporation
Shareholders
Shareholders of Record 274 a/o Jul 14, 2015
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