CARSON CITY, Nev., Oct. 03, 2016 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) President Paul Thompson attended MINExpo on his return trip from the company’s Mexico mining projects. The visit presented numerous opportunities to see cutting edge technologies in the mining industry. Mr. Thompson was joined by Mexus Geologist Cesar Lemas, Elias Felix from the Ocho Hermanos/ El Scorpio properties, Rolando Alduenda of Mexus’ environmental department and other members of the Mexus/MarMar joint venture.
Mr. Lemas reports that work at the Santa Elena mine is back to normal after the recent seasonal monsoon rains. Mr. Lemas continues to be impressed with the professional approach shown by Mr. Marco Martinez of MarMar holdings. Mr. Lemas goes stated that the rapidly expanding Mexus/MarMar joint venture will need additional resources. Mexus’ environmental expert in Mexico, Mr. Alduenda, is performing advance work towards the permit needed to drill the El Scorpio. This work is being done under his stock agreement with the company.
Mexus CEO Paul Thompson added, “These are exciting times for Mexus. We now have 3 different properties that are at varying levels of discovery and/or near production. I foresee a time in the not so distant future where this company will have 3 producing mines creating outstanding cash flow and return for our shareholders.”
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 JV is currently lining the heap leach pads and ponds with the initial stacking of ore to be completed by the end of October, 2016. Mexus recently added another mine to its portfolio. The San Marco mine is a gold and silver mine which sits in the municipality of Pitiquito, 200km S of Puerto Penasco and 250km NW of Hermosillo, Sonora in the community of Puerto Libertad. This property encompasses a total of 970 acres. The previous owner had identified 110,000oz. of gold through prior geological evaluations. The property is in a 50/50 joint venture with MarMar holdings. Permits for this project are being submitted as of September, 2016. Mexus also owns rights to the Ocho Hermanos property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the mine. The permit to build and access road will be submitted in October, 2016 with the plan to drill the property for future use. 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