CARSON CITY, Nev., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that as of February 22, 2017 its joint venture partner at the Santa Elena mine , MarMar Holdings Inc, finished 4.5 meters lift on the heap leach pad. On February 24, 2017 MarMar started testing the leaching system which included the pumps, plumbing and drip leach distribution system. The tests are going well and will be completed by March 2, 2017. Marco Martinez, President of MarMar Holdings, stated the leaching solution will be introduced to the heap leach pad as soon as successful completion of the system tests which may be March 3, 2017. Mr. Martinez added that with .70 grams per ton the first production in March should cover approximately 80% of the start-up costs. The mining plan goal is increase ore production to 10,000 tons per day by the end of 2017.
Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/Attachm...b2c877e2ea
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“This is an exciting time for Mexus and our JV partner. We are close to beginning production on what is planned to be a very profitable 25 year mine. This will have been accomplished with very little debt,” added Mexus CEO Paul Thompson.
About Mexus Gold US
Mexus Gold US is an American based exploration company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar Holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The company also is a partner with MarMar Holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is expected to occur during 2017. In addition, Mexus owns rights to the Ures property located 80km N of Hermosillo, Mexico. This copper and gold property consists of approximately 6,900 acres situated on numerous concessions. The permit to build an access road will be submitted in this year and drilling will commence soon thereafter. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Cautionary Statement
Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Inquiries Paul Dent, 425-478-4908 pdent@mexusgoldus.com
