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Posted On: 08/23/2021 1:58:31 AM
Post# of 2062
News out! “Continued Positive Developments at Mexus’ Santa Elena Mine”
CABORCA, Mexico, August 22nd, 2021 – Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) confirmed that the activated carbon system at its Santa Elena mine located in Caborca, MX is working as planned and is currently producing gold. Mexus is enlarging the heap leach pad and has purchased the liner and seaming equipment to complete the job. Increasing the pad will allow Mexus to run 24 hours a day 7 days a week at 12 liters per second representing a 110% increase over current flows.
For the last few months Mexus has had ongoing discussions with multiple mining companies interested in developing the Santa Elena’s estimated 1.5 million oz. gold potential resource. The same companies are also interested in Mexus’ Mabel property with drill results showing 40,000 oz gold initially and the Ures property with gold and a potential copper porphyry. The company is currently under two non-disclosure agreements and looks to make a deal should the right offer be submitted. Mexus will continue to produce gold and expand its geographical models to add value to the Santa Elena project.
CABORCA, Mexico, August 22nd, 2021 – Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) confirmed that the activated carbon system at its Santa Elena mine located in Caborca, MX is working as planned and is currently producing gold. Mexus is enlarging the heap leach pad and has purchased the liner and seaming equipment to complete the job. Increasing the pad will allow Mexus to run 24 hours a day 7 days a week at 12 liters per second representing a 110% increase over current flows.
For the last few months Mexus has had ongoing discussions with multiple mining companies interested in developing the Santa Elena’s estimated 1.5 million oz. gold potential resource. The same companies are also interested in Mexus’ Mabel property with drill results showing 40,000 oz gold initially and the Ures property with gold and a potential copper porphyry. The company is currently under two non-disclosure agreements and looks to make a deal should the right offer be submitted. Mexus will continue to produce gold and expand its geographical models to add value to the Santa Elena project.
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