CABORCA, MEXICO / ACCESSWIRE / August 30, 2021 / M
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Posted On: 08/30/2021 3:11:09 AM
CABORCA, MEXICO / ACCESSWIRE / August 30, 2021 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it has reached a new milestone as it continues to produce and ship activated gold bearing carbon for processing. Payment for the initial shipment is expected to be received by mid-September. The company now expects to ship activated carbon twice a month with a minimum of 45 oz. gold and 100 oz. silver. Monthly production will begin to increase in October 2021 as the company builds out and adds to the existing 100,000 ton leach pad.
Operationally, Mexus continues mining at the Santa Elena Vein 2 area which is carried out selectively as control sampling and fire assays are guiding production. Mixed oxides and quartz vein- shear zone areas are treated differently with lower grades being worked around. The company is currently producing and hauling approximately 600 to 800 tons per day.
Between July 8th and August 26th 49 control samples were assayed with impressive results. Shear zone material remains between 1.5 to 2 grams average gold content with up to 100 grams per ton silver. Quartz vein mineral is averaging 5.4 grams per ton gold and a wide spectrum of silver values from 13 to 50 grams per ton with some high bonanza spots. Very few blank gold samples in between show a homogeneous gold content throughout the vein structure. In addition, deeper levels have increased gold and silver values due to the weathering effect. Vein 2 mineral continues to be hauled and crushed to the pad site.
Mexus is considering all offers to develop its 3 properties: Santa Elena, Mabel, Ures. The company believes that the right partner would leverage Mexus' opportunity to maximize shareholder returns.
Read More: https://investorshangout.com/recentnews/MXSG#ixzz750SDHl00
Operationally, Mexus continues mining at the Santa Elena Vein 2 area which is carried out selectively as control sampling and fire assays are guiding production. Mixed oxides and quartz vein- shear zone areas are treated differently with lower grades being worked around. The company is currently producing and hauling approximately 600 to 800 tons per day.
Between July 8th and August 26th 49 control samples were assayed with impressive results. Shear zone material remains between 1.5 to 2 grams average gold content with up to 100 grams per ton silver. Quartz vein mineral is averaging 5.4 grams per ton gold and a wide spectrum of silver values from 13 to 50 grams per ton with some high bonanza spots. Very few blank gold samples in between show a homogeneous gold content throughout the vein structure. In addition, deeper levels have increased gold and silver values due to the weathering effect. Vein 2 mineral continues to be hauled and crushed to the pad site.
Mexus is considering all offers to develop its 3 properties: Santa Elena, Mabel, Ures. The company believes that the right partner would leverage Mexus' opportunity to maximize shareholder returns.
Read More: https://investorshangout.com/recentnews/MXSG#ixzz750SDHl00
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