CARSON CITY, Nev., March 18, 2013 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.
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Mexus is pleased to announce that Mexus Trinidad JV has instituted operations to produce gold and silver on a twenty four hour basis. The re-crushing equipment and ore placement activities are also maintaining a twenty four hour schedule. We have increased the pregnant solution flow rate from an initial 1,050 gallons per minute (gpm) to 1,200 gpm and anticipate achieving 1,800 gpm as the re-crushing of the existing ore on the pad provides addition surface area. The target flow rate with an average of 0.10 parts per million (ppm) gold and 1.50 ppm silver is expected to produced 31.50 ounces gold and 473 ounces silver per day. The re-crushing of Pad 6 materials has charged the leach pad with finer rock that supports the more effective leaching of the contained gold and silver. The Pad is under spray and our hourly geochemical testing of the recovered leach fluids indicates approximately 156 ounces of gold and 3,950 ounces of silver has been accumulated thus far. We continue to sprinkle and leach the precious metals as new areas of the pads are re-crushed and also placed under leach production. The pads contain an estimated 2.5 million tons of materials to be reprocessed.
Chris Cherrywell, Chief Geologist is supervising the drilling operations and sample analysis in areas where there is historically known mining targets. These areas are located near the present heap leach pads thereby allowing for easy development of any new mining area that may be identified for mining activities. The new target of 1.5 ppm gold and a production rate of 6,000 tons daily are set for May 1, 2013.
About Mexus Gold US
Mexus Gold US (OTCQB:MXSG) is a company engaged in the mining industry for the purpose of producing precious metals, including gold, silver and copper, from its projects located in the state of Sonora, Mexico and in the states of Nevada and Alaska. Mexus Gold US is dedicated to protecting the environment, providing employment and education opportunities for the communities where they operate. For further information or to see the full report, visit www.mexusgoldus.com.
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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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CONTACT: Paul Thompson CEO/President (775) 721-9960 or (916) 776-1822 Mexusgoldus@aol.com
Source:Mexus Gold US