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Posted On: 09/09/2019 8:28:54 AM
Post# of 2062
Press Release - Sep 9th, 2019 Continuous Leach Continues
https://www.globenewswire.com/news-release/20...-mine.html
CABORCA, Mexico, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company”) confirmed and restated that continuous leaching continues on its 5000 ton heap leach pad. The returning solution from pad #1 continues to increase in values and flow. Mexus expects the returns to stabilize in the next few days allowing for the gold extraction process to begin. The loading of an additional 5000 tons of mineralized material on pad #2 will be completed by the end of the week. The leaching of pad #2 will commence once returns from pad #1 peak. The company will have continuous flow from approximately 10,000 tons of material on pads 1 and 2 with grades expected to reach 4.5 grams per ton gold. The mining of an additional 5000 tons of mineralized material has already begun and will be ready to place on pad #1 when leaching moves to pad #2.
the usual boiler plate followed the above
So yes there was press release and they have bought another two to four weeks of time. 10,000 tons of high grade ore should produce a significant amount of gold even factoring in the recovery percentage, cost of refining and the likelihood that the stated 4.5 grams/ton is the high not the average grade of all the ore.
i'm willing to take this at face value - they are working at this project at the pace they can accomplish with what is probably a small crew and two haul trucks.
https://www.globenewswire.com/news-release/20...-mine.html
CABORCA, Mexico, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company”) confirmed and restated that continuous leaching continues on its 5000 ton heap leach pad. The returning solution from pad #1 continues to increase in values and flow. Mexus expects the returns to stabilize in the next few days allowing for the gold extraction process to begin. The loading of an additional 5000 tons of mineralized material on pad #2 will be completed by the end of the week. The leaching of pad #2 will commence once returns from pad #1 peak. The company will have continuous flow from approximately 10,000 tons of material on pads 1 and 2 with grades expected to reach 4.5 grams per ton gold. The mining of an additional 5000 tons of mineralized material has already begun and will be ready to place on pad #1 when leaching moves to pad #2.
the usual boiler plate followed the above
So yes there was press release and they have bought another two to four weeks of time. 10,000 tons of high grade ore should produce a significant amount of gold even factoring in the recovery percentage, cost of refining and the likelihood that the stated 4.5 grams/ton is the high not the average grade of all the ore.
i'm willing to take this at face value - they are working at this project at the pace they can accomplish with what is probably a small crew and two haul trucks.
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