Mexus Gold US (MXSG) 0.0550 $MXSG
Mexus Gold US: Santa Elena Mine Update
GlobeNewswire - Tue May 31, 3:00AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced that work on the Santa Elena mine is progressing as planned. On My 24, representatives from MarMar holdings and Mexus (JV members) held a meeting and adopted a mining plan with numerous items being discussed and agreed upon. Out of this meeting came the decision to obtain a blasting permit in the name of the JV as opposed to using a blasting contractor. The parties can control costs and manage the process more efficiently than using an outside vendor. It will take 4 to 6 weeks to obtain this blasting permit allowing time for our partner to bring in additional equipment. In the end, this property will be brought into full production faster and much larger than first anticipated.
Mexus enters into joint venture with MarMar Holdings
GlobeNewswire - Mon May 23, 5:25AM CDT
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.
Mexus begins work on its open heap leach pad with all permits in hand
GlobeNewswire - Mon Apr 25, 8:25AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that the environmental and mining permits are complete and work has begun on the area that will become Mexus' open pit heap leach mine. An area 300 meters by 100 meters is being cleared and leveled for the pad. (See Attached Photos) Mexus intends to open pit the shear zone where the Julio high grade quartz vein faulted to the west as identified by Director of Operations Cesar Lemas. The shear zone and the Julio quartz vein will be mined simultaneously with strict grade control. The shear zone ore has graded 1 to 5 grams per ton with the Julio assays running much higher and includes visible gold. Mexus believes that mining the Julio quartz vein from the surface along with the shear zone makes the most sense. The shear zone material will be crushed to 3/4" minus then placed on the leach pad. The Julio high grade will go straight to Mexus' crusher ball mill gravity recovery plant. The tailings from the gravity recovery plant will also be placed on the heap.
Ecomine Environmento to assist Mexus at its Santa Elena property
GlobeNewswire - Mon Apr 04, 8:25AM CDT
Mexus Gold US (OTCQB:MXSG)("Mexus" or the "Company" today announced that Ecomine Environmento has signed on to assist Mexus in bringing its Santa Elena property into production. Ecomine will handle the environmental and mining permits as well as the land management issues. CEO of Ecomine Rolando Buenos Alduenda added, "We bring qualified experts in all areas of mining including acquisition of diverse licenses, project management and environmental management. We are excited to partner with Mexus on this project."
Mexus appoints Director of Operations, Mine Superintendent, and a Mining Plan for their Santa Elena Project
GlobeNewswire - Tue Mar 29, 9:31PM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" today announced the appointment of Geologist Cesar Lemas as Director of Operations (DOO). Mr. Lemas is a graduate of the University of Arizona with a Masters in Mineral Economics. His experience is vast and includes geological exploration, mine-project valuation and development, geophysics, geochem, metallurgy, mine design, mineral processing, and dry desert placer mining and development. CEO Paul Thompson added, "Cesar Lemas is the perfect person to help Mexus bring its Santa Elena project into production. His knowledge of our property matched with his experience will prove invaluable moving forward."
Mexus Gold US Update on Julio Property and Assays From Ures Project
GlobeNewswire - Mon Jan 04, 12:54PM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that it anticipates that in the first part of 2016 one of several mining companies currently reviewing the Julio/Martha Elena property will pick up and continue where Argonaut left off. The company believes that this property has tremendous potential and that a well-funded company will use the significant work already completed to further the project. President Paul Thompson added, "This is an important time for Mexus. We have a major mining company looking at the Julio/Martha Elena and our hope is to complete a deal that is fair for all given the challenges within the mining industry."
Mexus Gold US Assay Results and Determination From Argonaut
GlobeNewswire - Fri Dec 04, 5:30AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that Argonaut Gold notified the company that it will not exercise their option at the Julio/Santa Elena property. Argonaut explained that the uncertainty with the price of gold is challenging exploration budgets. This, along with the obligations of $5,000,000 in drilling and mapping, $950,000 payable to Mexus to continue the JV, and a 20% fully carried contract were all factors in their decision . To date it is estimated that Argonaut has spent upwards of $500,000 in drilling, mapping and other associated costs. They also added that in better economic times the company would have exercised the JV option.
AR.TO: 3.63 (+0.21)
Mexus Commences Drill Pad Construction for Argonaut
GlobeNewswire - Mon Oct 19, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company", President/CEO Paul Thompson today announced that Argonaut Gold (TSE:AR) has been granted a permit by SEMPRAS to begin drilling at the Julio/Martha Elena property. Argonaut has contracted with Mexus to build roads and drill pads as necessary. The company began this work on October 16. Added CEO Thompson, "I feel as if Argonaut is ahead of schedule and am pleased with the progress to date."
AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Mexus Gold US Julio/Santa Elena Update
GlobeNewswire - Mon Sep 14, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company", Mexus president Paul Thompson recently returned from Caborca, Sonora State, Mexico where he met with Julio Baltazar, Vice President of Mexus Gold Mining SA de CV. Mr. Thompson and Mr. Baltazar discussed the Santa Elena/Julio project and reviewed the equipment currently sitting idle on the property. Both are extremely happy with the progress at the Julio/Santa Elena property. A general valuation was made and the equipment was determined to be worth approximately $500,000. The recent agreement with Argonaut Gold (TSE:AR) has eliminated the need for the production equipment used in mining and thus it was decided that liquidation would be the best option. Equipment needed for exploration will be retained. The much needed cash infusion will be used to further Mexus' other projects and properties.
AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Mexus Gold US Shareholder Update
GlobeNewswire - Wed Sep 09, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" reaffirmed that the agreement with Argonaut Gold Inc. (TSE:AR) has been completed in both the US and Mexico. "Relinquishing control of the Julio/Martha Elena property to Argonaut has allowed Mexus to focus on its other properties and ventures," added CEO Paul Thompson. The company is currently reviewing all of its Mexican properties and is considering offers to do a Joint Venture similar to the deal at the Santa Elena/Julio.
AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Argonaut Gold Updates Mexus Gold US on the Julio property
GlobeNewswire - Mon Aug 17, 5:00AM CDT
Mexus Gold US (OTCQB:MXSG)("Mexus" or the "Company" announced that it has received an update from Argonaut Gold Inc. (TSE:AR) on the Julio Project. Since acquiring the Julio project in early July, Argonaut's focus has been on detailed geologic mapping and sampling within areas already known to host mineralization which has included identifying outcropping mineralization. Argonaut has taken surface rock chip samples and completed detailed mapping. This work has identified multiple target areas which are being prioritized for drilling which, subject to permitting, is expected to commence later in 2015.
AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Mexus Gold US Announces Business Plan
GlobeNewswire - Mon Jul 20, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" is pleased to provide an update to its business plan. The company now has 10 different properties it is dealing with. First and foremost is the most recent announcement concerning the Santa Elena/Julio property. As noted in prior press releases, the company announced a deal with a major mining company. Added CEO Paul Thompson, "We are thrilled with our new partner and excited to see their results as they announce them. Our new partner is the right company to take this property to full production."
Mexus Gold US Signs Option/Joint Venture Agreement
GlobeNewswire - Mon Jul 13, 8:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that after months of negotiating with several mining companies an agreement has been reached. President Paul Thompson is proud to announce that Mexus has signed an option/joint venture agreement with Minera Real del Oro S.A. de C.V., a Mexican corporation, which is wholly owned by Argonaut Gold Inc. (TSE:AR). Argonaut has the knowledge and experience along with the necessary capital to plan, drill, and bring the Julio/Martha Elena project into production. Mexus believes that Argonaut is the best fit for this project. Mr. Thompson added, "For approximately three years, Mexus performed geology, mapping, and exploration work on the property along with limited drilling. Within the property there are extensive vein systems and evidence for several large flat-lying shear zones believed to be related to thrust faulting. Work by Mexus have confirmed that both the veins and shears host multi-gram per tonne gold and silver values. Mexus has drill results which show a high grade, multi vein system throughout the property. Multiple target areas have been identified on the property and Argonaut is currently conducting geologic mapping and sampling in anticipation of an aggressive drill program over the next several months. Adequate work was completed for Mexus to realize that this project was too big for us and needed an experienced mining company such as Argonaut Gold. We are excited about the partnership and look forward to seeing Argonaut drill and ultimately bring this property to production."
AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Photo Release -- Mexus Gold US Update
GlobeNewswire - Tue Apr 28, 10:46AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced today that it continues to move forward with the opening of its Julio mining concession in Caborca, Mexico. Mexus is working with veteran underground miner Mark Warren. Mark has worked underground mines for years and has the experience to help plan the company's next steps. CEO Paul Thompson demonstrated to Mark how the mining equipment currently in place works including the use of the gold milling and recovery equipment. Mark was satisfied with what has been done to date and gave the company recommendations on the best course of action moving forward. In addition, the company continues to review all options concerning the necessary blasting that will occur at the underground mine. Mexus is interviewing outside contractors who have blasting permits. A decision whether to use an outside contractor's permit or acquire a permit will be made in the near future.
Mexus Gold US Placer and Negotiation Update
GlobeNewswire - Mon Apr 20, 8:00AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company" announced an update on its placer operation and ongoing negotiations for underground mining at the Julio. On April 8, a $10,000 payment was received from its Mexican corporation (Mexus Gold Mining SA de CV). The placer is not yet running at full capacity but is starting to pay the bills. Vice President Julio Baltazar added, "We are working hard to get the mine to full production and each day we are moving closer to accomplishing that goal."
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: Santa Elena Mine Update
GlobeNewswire - Tue May 31, 3:00AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced that work on the Santa Elena mine is progressing as planned. On My 24, representatives from MarMar holdings and Mexus (JV members) held a meeting and adopted a mining plan with numerous items being discussed and agreed upon. Out of this meeting came the decision to obtain a blasting permit in the name of the JV as opposed to using a blasting contractor. The parties can control costs and manage the process more efficiently than using an outside vendor. It will take 4 to 6 weeks to obtain this blasting permit allowing time for our partner to bring in additional equipment. In the end, this property will be brought into full production faster and much larger than first anticipated. Mexus enters into joint venture with MarMar Holdings
GlobeNewswire - Mon May 23, 5:25AM CDT
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. Mexus begins work on its open heap leach pad with all permits in hand
GlobeNewswire - Mon Apr 25, 8:25AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that the environmental and mining permits are complete and work has begun on the area that will become Mexus' open pit heap leach mine. An area 300 meters by 100 meters is being cleared and leveled for the pad. (See Attached Photos) Mexus intends to open pit the shear zone where the Julio high grade quartz vein faulted to the west as identified by Director of Operations Cesar Lemas. The shear zone and the Julio quartz vein will be mined simultaneously with strict grade control. The shear zone ore has graded 1 to 5 grams per ton with the Julio assays running much higher and includes visible gold. Mexus believes that mining the Julio quartz vein from the surface along with the shear zone makes the most sense. The shear zone material will be crushed to 3/4" minus then placed on the leach pad. The Julio high grade will go straight to Mexus' crusher ball mill gravity recovery plant. The tailings from the gravity recovery plant will also be placed on the heap. Ecomine Environmento to assist Mexus at its Santa Elena property
GlobeNewswire - Mon Apr 04, 8:25AM CDT
Mexus Gold US (OTCQB:MXSG)("Mexus" or the "Company"
today announced that Ecomine Environmento has signed on to assist Mexus in bringing its Santa Elena property into production. Ecomine will handle the environmental and mining permits as well as the land management issues. CEO of Ecomine Rolando Buenos Alduenda added, "We bring qualified experts in all areas of mining including acquisition of diverse licenses, project management and environmental management. We are excited to partner with Mexus on this project." Mexus appoints Director of Operations, Mine Superintendent, and a Mining Plan for their Santa Elena Project
GlobeNewswire - Tue Mar 29, 9:31PM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
today announced the appointment of Geologist Cesar Lemas as Director of Operations (DOO). Mr. Lemas is a graduate of the University of Arizona with a Masters in Mineral Economics. His experience is vast and includes geological exploration, mine-project valuation and development, geophysics, geochem, metallurgy, mine design, mineral processing, and dry desert placer mining and development. CEO Paul Thompson added, "Cesar Lemas is the perfect person to help Mexus bring its Santa Elena project into production. His knowledge of our property matched with his experience will prove invaluable moving forward." Mexus Gold US Update on Julio Property and Assays From Ures Project
GlobeNewswire - Mon Jan 04, 12:54PM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that it anticipates that in the first part of 2016 one of several mining companies currently reviewing the Julio/Martha Elena property will pick up and continue where Argonaut left off. The company believes that this property has tremendous potential and that a well-funded company will use the significant work already completed to further the project. President Paul Thompson added, "This is an important time for Mexus. We have a major mining company looking at the Julio/Martha Elena and our hope is to complete a deal that is fair for all given the challenges within the mining industry." Mexus Gold US Assay Results and Determination From Argonaut
GlobeNewswire - Fri Dec 04, 5:30AM CST
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that Argonaut Gold notified the company that it will not exercise their option at the Julio/Santa Elena property. Argonaut explained that the uncertainty with the price of gold is challenging exploration budgets. This, along with the obligations of $5,000,000 in drilling and mapping, $950,000 payable to Mexus to continue the JV, and a 20% fully carried contract were all factors in their decision . To date it is estimated that Argonaut has spent upwards of $500,000 in drilling, mapping and other associated costs. They also added that in better economic times the company would have exercised the JV option. AR.TO: 3.63 (+0.21)
Mexus Commences Drill Pad Construction for Argonaut
GlobeNewswire - Mon Oct 19, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
, President/CEO Paul Thompson today announced that Argonaut Gold (TSE:AR) has been granted a permit by SEMPRAS to begin drilling at the Julio/Martha Elena property. Argonaut has contracted with Mexus to build roads and drill pads as necessary. The company began this work on October 16. Added CEO Thompson, "I feel as if Argonaut is ahead of schedule and am pleased with the progress to date." AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Mexus Gold US Julio/Santa Elena Update
GlobeNewswire - Mon Sep 14, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
, Mexus president Paul Thompson recently returned from Caborca, Sonora State, Mexico where he met with Julio Baltazar, Vice President of Mexus Gold Mining SA de CV. Mr. Thompson and Mr. Baltazar discussed the Santa Elena/Julio project and reviewed the equipment currently sitting idle on the property. Both are extremely happy with the progress at the Julio/Santa Elena property. A general valuation was made and the equipment was determined to be worth approximately $500,000. The recent agreement with Argonaut Gold (TSE:AR) has eliminated the need for the production equipment used in mining and thus it was decided that liquidation would be the best option. Equipment needed for exploration will be retained. The much needed cash infusion will be used to further Mexus' other projects and properties. AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Mexus Gold US Shareholder Update
GlobeNewswire - Wed Sep 09, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
reaffirmed that the agreement with Argonaut Gold Inc. (TSE:AR) has been completed in both the US and Mexico. "Relinquishing control of the Julio/Martha Elena property to Argonaut has allowed Mexus to focus on its other properties and ventures," added CEO Paul Thompson. The company is currently reviewing all of its Mexican properties and is considering offers to do a Joint Venture similar to the deal at the Santa Elena/Julio. AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Argonaut Gold Updates Mexus Gold US on the Julio property
GlobeNewswire - Mon Aug 17, 5:00AM CDT
Mexus Gold US (OTCQB:MXSG)("Mexus" or the "Company"
announced that it has received an update from Argonaut Gold Inc. (TSE:AR) on the Julio Project. Since acquiring the Julio project in early July, Argonaut's focus has been on detailed geologic mapping and sampling within areas already known to host mineralization which has included identifying outcropping mineralization. Argonaut has taken surface rock chip samples and completed detailed mapping. This work has identified multiple target areas which are being prioritized for drilling which, subject to permitting, is expected to commence later in 2015. AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Mexus Gold US Announces Business Plan
GlobeNewswire - Mon Jul 20, 5:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
is pleased to provide an update to its business plan. The company now has 10 different properties it is dealing with. First and foremost is the most recent announcement concerning the Santa Elena/Julio property. As noted in prior press releases, the company announced a deal with a major mining company. Added CEO Paul Thompson, "We are thrilled with our new partner and excited to see their results as they announce them. Our new partner is the right company to take this property to full production." Mexus Gold US Signs Option/Joint Venture Agreement
GlobeNewswire - Mon Jul 13, 8:30AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that after months of negotiating with several mining companies an agreement has been reached. President Paul Thompson is proud to announce that Mexus has signed an option/joint venture agreement with Minera Real del Oro S.A. de C.V., a Mexican corporation, which is wholly owned by Argonaut Gold Inc. (TSE:AR). Argonaut has the knowledge and experience along with the necessary capital to plan, drill, and bring the Julio/Martha Elena project into production. Mexus believes that Argonaut is the best fit for this project. Mr. Thompson added, "For approximately three years, Mexus performed geology, mapping, and exploration work on the property along with limited drilling. Within the property there are extensive vein systems and evidence for several large flat-lying shear zones believed to be related to thrust faulting. Work by Mexus have confirmed that both the veins and shears host multi-gram per tonne gold and silver values. Mexus has drill results which show a high grade, multi vein system throughout the property. Multiple target areas have been identified on the property and Argonaut is currently conducting geologic mapping and sampling in anticipation of an aggressive drill program over the next several months. Adequate work was completed for Mexus to realize that this project was too big for us and needed an experienced mining company such as Argonaut Gold. We are excited about the partnership and look forward to seeing Argonaut drill and ultimately bring this property to production." AR: 26.11 (+0.22), AR.TO: 3.63 (+0.21)
Photo Release -- Mexus Gold US Update
GlobeNewswire - Tue Apr 28, 10:46AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced today that it continues to move forward with the opening of its Julio mining concession in Caborca, Mexico. Mexus is working with veteran underground miner Mark Warren. Mark has worked underground mines for years and has the experience to help plan the company's next steps. CEO Paul Thompson demonstrated to Mark how the mining equipment currently in place works including the use of the gold milling and recovery equipment. Mark was satisfied with what has been done to date and gave the company recommendations on the best course of action moving forward. In addition, the company continues to review all options concerning the necessary blasting that will occur at the underground mine. Mexus is interviewing outside contractors who have blasting permits. A decision whether to use an outside contractor's permit or acquire a permit will be made in the near future. Mexus Gold US Placer and Negotiation Update
GlobeNewswire - Mon Apr 20, 8:00AM CDT
Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company"
announced an update on its placer operation and ongoing negotiations for underground mining at the Julio. On April 8, a $10,000 payment was received from its Mexican corporation (Mexus Gold Mining SA de CV). The placer is not yet running at full capacity but is starting to pay the bills. Vice President Julio Baltazar added, "We are working hard to get the mine to full production and each day we are moving closer to accomplishing that goal." 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." 
