Mexus Gold US (MXSG) 0.0190 $MXSG
Mexus Gold US Company Update
GlobeNewswire - Tue Apr 07, 5:31AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
confirmed today that the terms of the signed contract between First Pursuit Silver de Mexico S. de R.L. de C.V. (FPV) and Mexus have not been met. The company is reviewing all options with legal counsel and will update shareholders as the matter progresses. CEO Paul Thompson added, "Obviously we are disappointed that the purchaser has failed to meet their contractual obligation as we had hoped to use these funds to further our development at the Julio/Santa Elena property. Fortunately, we have received numerous offers to JV the Julio/Santa Elena. These offers were reviewed but frankly we were hoping to move forward alone with the proceeds from First Pursuit. Without these funds our plan is to aggressively seek out a joint venture for our flagship property. I want our shareholders to understand that this won't be a fire sale. We will negotiate a deal that is in the best interest of the company and shareholders. I've been speaking to multiple companies and would like to have a deal wrapped up sooner than later."
Mexus Gold US First Pursuit Update
GlobeNewswire - Tue Mar 31, 6:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that the payment due on the sale of its San Felix property is now delinquent. The company is reviewing its options with legal counsel and will take the necessary steps to ensure the contract terms, conditions, and/or default obligations contained within the sales agreement are met.
Mexus Gold US Placer Update
GlobeNewswire - Mon Mar 16, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" is pleased and excited to announce that our placer plant is fully operational and producing gold. Mexus' newly rebuilt VFC automated feeder is in place feeding as of Sunday March 15. This should increase our placer operation from 150 tons to 600 tons per day, which will put Mexus into a positive cash flow and allow Mexus to complete our blasting license, advance our underground high grade gold operation, and to proceed with our ultimate target of drilling and proving the resources of our open pit/heap leach operation.
Mexus Gold US Update on Placer, Blasting Permit, Funding
GlobeNewswire - Mon Mar 02, 6:00AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced that the placer plant is running with color in the sluice. The company noted that the feeder is not up to task. After timing the feeder it became apparent that a better feeder with a variable frequency drive (VFD) speed control is needed. Mexus has a VFD and feeder rebuilt and ready to ship at its Walnut Grove shop. The new equipment will ship immediately and should be operational by March 10. Production will continue during this time. The new feeder and VFD will allow the operation to process 600 TPD. CEO Paul Thompson added, "We continue the process to obtain our blasting permit and further our drilling program outline. We are preparing ourselves to begin underground mining as soon as the permit is received. On that front, we expect to have the necessary funding for underground mining and the drilling program by the end of March." The company added a photo of the placer operation which can be found here. (New Placer Photos)
Mexus Gold US Placer Operation Update
GlobeNewswire - Tue Feb 17, 5:29AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that the placer plant at the Julio Mine is now fully operational. The company will use the first few days to ensure that the wash plant and associated parts are optimized for maximum recovery. As stated in previous press releases, the company expects to recover 5 to 6 ounces of gold per day costing approximately $950. CEO Paul Thompson added, "We are very excited to announce the startup of the placer operation. Our Mine Superintendent, Diego Guillermo Baltazar Garcia, and his crew worked tirelessly over the last few weeks to bring this operation online. We are now focused on obtaining the blasting permit so we can begin the underground operation."
Mexus Gold US: Martha Elena/Julio Project and 2015 Update
GlobeNewswire - Mon Jan 26, 5:30AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" gave an update on its flagship property and its plans for 2015. For the past several months, Mexus has been in discussions with multiple companies on the potential to joint venture the project. Unfortunately, the offers that were received fell short of what the company and shareholders would expect. These offers, if accepted, would have tied the property up for years while the partner company did exploratory drilling with an unknown timeline on production. In addition, the initial investment being asked by Mexus was not being met. Mexus will continue to be open to any joint venture possibilities that arise.
Mexus Gold US Update
GlobeNewswire - Mon Dec 22, 5:30AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that it is still in discussions with multiple major mining companies. There is an ongoing negotiation taking place with one company and a deal will be completed if/when terms can be agreed upon. CEO and President Paul Thompson added "Mexus is doing everything possible to complete a deal in the first part of January, 2015. I believe that a deal will be made and 2015 will prove to be the year that Mexus turns a profit."
Mexus Gold US Julio/Santa Elena Update
GlobeNewswire - Tue Nov 04, 8:30AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company " announced that the mining company doing their four week due diligence at the Julio/Santa Elena property is hard at work and close to completion. Julio Baltazar, Mexus Vice- President, has been on site and assisting the interested party as needed. President Paul Thompson added "Although the mining company's preliminary findings look favorable, their intentions won't be known until the due diligence is complete and the results are in. I'm excited about this opportunity but Mexus has to keep all of its options open and thus we continue to have discussions with other interested parties."
Mexus Gold US Update on Negotiations
GlobeNewswire - Fri Oct 17, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" today announced that it continues to have discussions with potential JV partners. Over the last 4 weeks the company has hosted numerous geologists, engineers, and experienced miners who are confirming the company's belief that the potential for this property is substantial. President Paul Thompson added, "Recently, Julio Baltazar (VP), Guillermo Baltazar (Mine Superintendent) and I have presented our information and knowledge of the project to a group of geologists representing a major mining company. We have agreed to resume our discussions in four weeks during which they will complete their internal surveying, mapping and sampling of the property. We have a high degree of confidence that this group of very professional miners will conclude that the valuation and future potential of the project does indeed exist and provide them with a basis to continue our discussions. I'm encouraged that the company is investing such a significant effort through the sheer size and manpower to conduct their due diligence in a relatively short time period."
Mexus Updates Shareholders on the Santa Elena/Julio Property and Ongoing Negotiations
GlobeNewswire - Tue Sep 30, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" confirmed today that the plan for the Santa Elena/Julio property is to move forward with a placer and underground mine operation. The placer move has already been approved but in order to proceed with underground mining the company must obtain a blasting permit. On September 20, 2014 CEO Paul Thompson and VP Julio Baltazar met with representatives from Hanka, an industrial provider of explosives. Hanka will provide knowledge and support as the company pursues this permit. The company hopes to submit for this permit in the next week.
Mexus Gold US Hosts Large Miner and Place Update
GlobeNewswire - Mon Aug 25, 5:41AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that during the week of August 18, Julio Baltazar, vice president of Mexus Gold Mining SA de CV, showed the Julio/Santa Elena property to a group of geologists representing a Canadian mining company. The visitors walked the property and were shown the previously published drill results. Mr. Baltazar stated, "I was as equally impressed with this group as they were with our property." Paul Thompson, CEO of Mexus added, "This mining company has the qualified personnel along with the necessary capital needed to justify discussions on a potential partnership."
Mexus Gold US Reaches Agreement to Begin Drilling Its Julio/Santa Elena Property; San Felix Update
GlobeNewswire - Tue Aug 19, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that it has reached a tentative agreement with a driller to operate the companies two track mounted core drills. The initial agreement is to produce 2500ft of core drills. The results of these core samples will give engineers the information needed to lay out a reverse circulation program. The reverse circulation operation will include 30,000ft of drilling to a depth of 300ft.
Mexus Gold US Agreement With Gold Grabber LLC
GlobeNewswire - Wed Jul 09, 10:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
Mexus Gold US Company Update
GlobeNewswire - Tue Apr 07, 5:31AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
confirmed today that the terms of the signed contract between First Pursuit Silver de Mexico S. de R.L. de C.V. (FPV) and Mexus have not been met. The company is reviewing all options with legal counsel and will update shareholders as the matter progresses. CEO Paul Thompson added, "Obviously we are disappointed that the purchaser has failed to meet their contractual obligation as we had hoped to use these funds to further our development at the Julio/Santa Elena property. Fortunately, we have received numerous offers to JV the Julio/Santa Elena. These offers were reviewed but frankly we were hoping to move forward alone with the proceeds from First Pursuit. Without these funds our plan is to aggressively seek out a joint venture for our flagship property. I want our shareholders to understand that this won't be a fire sale. We will negotiate a deal that is in the best interest of the company and shareholders. I've been speaking to multiple companies and would like to have a deal wrapped up sooner than later." Mexus Gold US First Pursuit Update
GlobeNewswire - Tue Mar 31, 6:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that the payment due on the sale of its San Felix property is now delinquent. The company is reviewing its options with legal counsel and will take the necessary steps to ensure the contract terms, conditions, and/or default obligations contained within the sales agreement are met. Mexus Gold US Placer Update
GlobeNewswire - Mon Mar 16, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
is pleased and excited to announce that our placer plant is fully operational and producing gold. Mexus' newly rebuilt VFC automated feeder is in place feeding as of Sunday March 15. This should increase our placer operation from 150 tons to 600 tons per day, which will put Mexus into a positive cash flow and allow Mexus to complete our blasting license, advance our underground high grade gold operation, and to proceed with our ultimate target of drilling and proving the resources of our open pit/heap leach operation. Mexus Gold US Update on Placer, Blasting Permit, Funding
GlobeNewswire - Mon Mar 02, 6:00AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced that the placer plant is running with color in the sluice. The company noted that the feeder is not up to task. After timing the feeder it became apparent that a better feeder with a variable frequency drive (VFD) speed control is needed. Mexus has a VFD and feeder rebuilt and ready to ship at its Walnut Grove shop. The new equipment will ship immediately and should be operational by March 10. Production will continue during this time. The new feeder and VFD will allow the operation to process 600 TPD. CEO Paul Thompson added, "We continue the process to obtain our blasting permit and further our drilling program outline. We are preparing ourselves to begin underground mining as soon as the permit is received. On that front, we expect to have the necessary funding for underground mining and the drilling program by the end of March." The company added a photo of the placer operation which can be found here. (New Placer Photos) Mexus Gold US Placer Operation Update
GlobeNewswire - Tue Feb 17, 5:29AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that the placer plant at the Julio Mine is now fully operational. The company will use the first few days to ensure that the wash plant and associated parts are optimized for maximum recovery. As stated in previous press releases, the company expects to recover 5 to 6 ounces of gold per day costing approximately $950. CEO Paul Thompson added, "We are very excited to announce the startup of the placer operation. Our Mine Superintendent, Diego Guillermo Baltazar Garcia, and his crew worked tirelessly over the last few weeks to bring this operation online. We are now focused on obtaining the blasting permit so we can begin the underground operation." Mexus Gold US: Martha Elena/Julio Project and 2015 Update
GlobeNewswire - Mon Jan 26, 5:30AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
gave an update on its flagship property and its plans for 2015. For the past several months, Mexus has been in discussions with multiple companies on the potential to joint venture the project. Unfortunately, the offers that were received fell short of what the company and shareholders would expect. These offers, if accepted, would have tied the property up for years while the partner company did exploratory drilling with an unknown timeline on production. In addition, the initial investment being asked by Mexus was not being met. Mexus will continue to be open to any joint venture possibilities that arise. Mexus Gold US Update
GlobeNewswire - Mon Dec 22, 5:30AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that it is still in discussions with multiple major mining companies. There is an ongoing negotiation taking place with one company and a deal will be completed if/when terms can be agreed upon. CEO and President Paul Thompson added "Mexus is doing everything possible to complete a deal in the first part of January, 2015. I believe that a deal will be made and 2015 will prove to be the year that Mexus turns a profit." Mexus Gold US Julio/Santa Elena Update
GlobeNewswire - Tue Nov 04, 8:30AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company "
announced that the mining company doing their four week due diligence at the Julio/Santa Elena property is hard at work and close to completion. Julio Baltazar, Mexus Vice- President, has been on site and assisting the interested party as needed. President Paul Thompson added "Although the mining company's preliminary findings look favorable, their intentions won't be known until the due diligence is complete and the results are in. I'm excited about this opportunity but Mexus has to keep all of its options open and thus we continue to have discussions with other interested parties." Mexus Gold US Update on Negotiations
GlobeNewswire - Fri Oct 17, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
today announced that it continues to have discussions with potential JV partners. Over the last 4 weeks the company has hosted numerous geologists, engineers, and experienced miners who are confirming the company's belief that the potential for this property is substantial. President Paul Thompson added, "Recently, Julio Baltazar (VP), Guillermo Baltazar (Mine Superintendent) and I have presented our information and knowledge of the project to a group of geologists representing a major mining company. We have agreed to resume our discussions in four weeks during which they will complete their internal surveying, mapping and sampling of the property. We have a high degree of confidence that this group of very professional miners will conclude that the valuation and future potential of the project does indeed exist and provide them with a basis to continue our discussions. I'm encouraged that the company is investing such a significant effort through the sheer size and manpower to conduct their due diligence in a relatively short time period." Mexus Updates Shareholders on the Santa Elena/Julio Property and Ongoing Negotiations
GlobeNewswire - Tue Sep 30, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
confirmed today that the plan for the Santa Elena/Julio property is to move forward with a placer and underground mine operation. The placer move has already been approved but in order to proceed with underground mining the company must obtain a blasting permit. On September 20, 2014 CEO Paul Thompson and VP Julio Baltazar met with representatives from Hanka, an industrial provider of explosives. Hanka will provide knowledge and support as the company pursues this permit. The company hopes to submit for this permit in the next week. Mexus Gold US Hosts Large Miner and Place Update
GlobeNewswire - Mon Aug 25, 5:41AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that during the week of August 18, Julio Baltazar, vice president of Mexus Gold Mining SA de CV, showed the Julio/Santa Elena property to a group of geologists representing a Canadian mining company. The visitors walked the property and were shown the previously published drill results. Mr. Baltazar stated, "I was as equally impressed with this group as they were with our property." Paul Thompson, CEO of Mexus added, "This mining company has the qualified personnel along with the necessary capital needed to justify discussions on a potential partnership." Mexus Gold US Reaches Agreement to Begin Drilling Its Julio/Santa Elena Property; San Felix Update
GlobeNewswire - Tue Aug 19, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that it has reached a tentative agreement with a driller to operate the companies two track mounted core drills. The initial agreement is to produce 2500ft of core drills. The results of these core samples will give engineers the information needed to lay out a reverse circulation program. The reverse circulation operation will include 30,000ft of drilling to a depth of 300ft. Mexus Gold US Agreement With Gold Grabber LLC
GlobeNewswire - Wed Jul 09, 10:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
