NEWS OUT YESTERDAY! Mexus gives a mine update,
Post# of 2057
Posted On: 08/02/2016 11:08:40 AM
NEWS OUT YESTERDAY!
Mexus gives a mine update, discusses audit and releases info on JV partner
Mexus Gold US
Aug 1, 2016 3:30 AM
GlobeNewswire
CARSON CITY, Nev., Aug. 01, 2016 (GLOBE NEWSWIRE) -- Mexus Gold US (MXSG)(“Mexus” or the “Company”) is pleased to announce that its 10k annual audit was completed and submitted last week. The delay in presenting the audit resulted from a new auditor having to review the previous 3 years. The auditor was happy with their findings which should lend support that all of the financials, as previously reported, are correct and accurate.
Work at the Santa Elena mine continues as planned. The decision to enlarge the heap leach pad has made phase 1 of construction take longer than expected. Marco Martinez, President of MarMar, states that the time involved to build out the infrastructure is well worth the delay when you consider our ultimate goal of having an operable mine for the next 25+ years. Mexus had initially planned to start with a 10,000 ton pad. MarMar decided to increase the size with the pad now being able to handle 250,000 tons. Finally, the work done to date has brought the company to a point where 24 hour security is needed at the mine. A firm has been hired and round the clock security is now in place.
MarMar’s expert team of geologist, engineers, accountants and team of lawyers continue to meet and exceed the standards expected when Mexus brought them in as a partner. The work being done at the mine is being reviewed constantly to ensure compliance with all laws and regulations. Added CEO Paul Thompson, “Marco Martinez, CEO of MarMar, has been excellent to deal with. He has followed through on everything we’ve asked and been spot on with his recommendations and follow through. I’ve heard our shareholder base loud and clear when they asked for a history of MarMar and Mr. Martinez. You’ll find this write up on our website with a link to the report below. I hope this confirms to our shareholders that we have found an excellent partner who will bring this mine into production in a timely manner and at a low cost.”
Mexus gives a mine update, discusses audit and releases info on JV partner
Mexus Gold US
Aug 1, 2016 3:30 AM
GlobeNewswire
CARSON CITY, Nev., Aug. 01, 2016 (GLOBE NEWSWIRE) -- Mexus Gold US (MXSG)(“Mexus” or the “Company”) is pleased to announce that its 10k annual audit was completed and submitted last week. The delay in presenting the audit resulted from a new auditor having to review the previous 3 years. The auditor was happy with their findings which should lend support that all of the financials, as previously reported, are correct and accurate.
Work at the Santa Elena mine continues as planned. The decision to enlarge the heap leach pad has made phase 1 of construction take longer than expected. Marco Martinez, President of MarMar, states that the time involved to build out the infrastructure is well worth the delay when you consider our ultimate goal of having an operable mine for the next 25+ years. Mexus had initially planned to start with a 10,000 ton pad. MarMar decided to increase the size with the pad now being able to handle 250,000 tons. Finally, the work done to date has brought the company to a point where 24 hour security is needed at the mine. A firm has been hired and round the clock security is now in place.
MarMar’s expert team of geologist, engineers, accountants and team of lawyers continue to meet and exceed the standards expected when Mexus brought them in as a partner. The work being done at the mine is being reviewed constantly to ensure compliance with all laws and regulations. Added CEO Paul Thompson, “Marco Martinez, CEO of MarMar, has been excellent to deal with. He has followed through on everything we’ve asked and been spot on with his recommendations and follow through. I’ve heard our shareholder base loud and clear when they asked for a history of MarMar and Mr. Martinez. You’ll find this write up on our website with a link to the report below. I hope this confirms to our shareholders that we have found an excellent partner who will bring this mine into production in a timely manner and at a low cost.”
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