CARSON CITY, Nev., March 29, 2016 (GLOBE NEWSWIRE) -- 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.”
The company also announced that Diego “Memo” Guillermo has been named Mine Superintendent at the Santa Elena property. Mr. Guillermo will manage the day to day operations at the site which will include earth movement, equipment maintenance, and general operations. “Memo has been with our company since day one. His experience at the property, connections within the community, and knowledge of the dirt will really help the mine get to production quickly. We are thrilled that he has accepted this important position,” said Paul Thompson, CEO.
Mexus Gold US is proud to announce that a new plan to begin a production operation at the Santa Elena Project is complete. DOO Cesar Lemas produced the plan and has completed the initial budget. The pilot plant will start with a 10,000 ton heap leach pad. The initial expectation is 1 to 2 grams per ton Au based on our existing resource from the outcropping quartz vein system. This system had been previously sampled and was recently tested by more aggressive and encouraging geochemical follow up. The resource is near surface, economically valuable ore, with open depth potential and holds bonanza Au grades. All exploration data is being evaluated and processed to proceed with the production of a modeled economic volume of ore related to the low angle shear zone structures. These structures dominate the property and are the main bulk mining ore targets in the area.
CEO Thompson closed, “Cesar has given us the budget to begin production. We are currently in the process of procuring the necessary funds which involves various levels of discussions with five different companies. Fortunately, the company already owns most of the equipment needed to produce so the net cost is very reasonable. Cesar believes that we can have our mine operational in 45 days once we flip the switch. This is truly an exciting time for the company. We will have additional information for our shareholders in the coming weeks.”
About Mexus Gold US
MEXUS GOLD US is an American-based exploration company with holdings in Mexico. Mexus' fully owned Julio/Santa Elena property is located 54km NW of Caborca, Mexico. The property sits in an area which is currently being mined by some of the largest mining companies in the world. Mexus has drill results which show a high grade, multi vein system throughout the property. Mexus also owns the rights to the Ocho Hermanos property, which is located 80km NE of Hermosillo, Mexico. This property will be drilled to show a proven reserve once our flagship property is in full production. Preliminary drilling on this property has been extremely promising. 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.
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.
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Source:Mexus Gold US