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Mexus Gold US (MXSG)

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Last Post: 1/22/2017 7:29:24 AM - Followers: 157 - Board type: Free - Posts Today: 2

Website: http://www.mexusgoldus.com/

Mexico Properties

Santa Elena Mine
Mexus’ Santa Elena Mine is located 54 kilometers NW of Caborca, Sonora, Mexico just West of Mexico Highway 2.    This fully permitted project consists of several mining concessions totaling approximately 7300 acres.
The Santa Elena Mine is dominated by a series of fissure white quartz veins where 6 important systems have been recognized.  Three or four low angle shear zones are also present with important prospects in them and notable higher gold grades as bonanza pockets.  The fissure quartz veins have an average width of 2.1 meters.  The quartz is massive and mostly fractured, and often brecciated due to multiple pulses during deposition.
The Julio Vein extends more than 800 meters before it buries and is known for high bonanza grades which includes the underground mining site on the property and is estimated at 415,000 tons on the surface with a minimum of 5 grams per ton.   There are also four shear zones recognized in the area. Shear Zone 1 is coincident with the Julio Vein and had a sample graded at 11.5 grams. Shear Zone 2 is 400 meters to the south east and parallel to the vein system 1 through 5. Shear Zone 3 contains a bonanza pocket which had sample results as high as 19 grams was graded at an average of 5.5 grams from assayed sample results. Shear Zone 4 presently contains some pits, adits and shafts and graded 2 grams from eight samples. The 6 major vein structures identified in the area south of the Julio shaft account for nearly 4,000,000 tons of ore with an average gold grade of 2.5 grams with three times as much in Silver.



Click for larger image

 
Ures Property
The Ures property lies approximately 80 Kilometers northeast of Hermosillo, Sonora, Mexico and consists of approximately 10,000 acres.
The El Scorpio concession has abundant copper and gold mineralization and has the potential of developing a copper porphyry deposit. The El Scorpio Prospects are variously underlain by a sedimentary sequence (limestone, quartzite and shale) intruded by dacite and diorite to granodiorite as well as some rhyolite. Alteration is extensive and consists of propylitic alteration mainly in the Scorpion area, along with various veins consisting of silicification with Au and Cu and galena bearing quartz veins.  The copper grades are as high as 9% with an average of 1%.
The Ocho Hermano concession had test runs on three kilos of sulfite ores showing 27 kilos of silver per ton.  The company is looking for an economical way to extract the silver.
The remaining concessions hold gold and will be drilled and/or sampled in the future.  
The company is looking to joint venture this property in a manner similar to the Santa Elena


San Marco Property
The San Marco property sits in the municipality of Pitiquito, 200 Km S of Puerto Penasco and 250 Km NW of Hermosillo, Sonora in the community of Puerto Libertad.  The mind encompasses a total of 970 acres.  The previous owners reported 110,000 oz of gold which was identified through prior geological evaluations

 

Mexus’ primary goal is to bring its flagship mine, the Santa Elena property, to full production. Mexus believes that the property will prove to be a low cost, high producing mine for years to come.

Founded in 2009, MexusGold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.

Mexus now plans to proceed with the development of the Ocho Hermanos-Guadalupe De Ures concessions. This property lies 80km NE of Hermosillo, Sonora, Mexico and consists of approximately 3500 hectares. Within this property sits 9 mining concessions. The first target for exploration is the El Scorpio. The El Scorpio was initially studied by Elias Felix Badilla, a professor at the University of Sonora State, and his father. Elias Felix’s father was a prospector with a keen ability to find mine prospects. In his hunt for gold he found a remote small outcropping and ultimately spent several days digging it out and uncovering it. Samples were taken and assayed showing 1 to 2 ¼ grams gold per ton. At that time, he was looking for 1 ounce gold per ton. Ultimately, and most importantly, the outcropping was shown to contain high grade copper with 9.3% copper per ton in addition to containing 1.5 grams per ton gold and 41 grams per ton silver. Mexus, using a 330 CAT, uncovered this out cropping and discovered it was much larger than first thought. Mexus did a small amount of tri cone drilling to 60ft with similar assay results previously mentioned. Lying in a bowl shaped area and surrounded by mountains there are some that have called the El Scorpio a porphyry deposit. Adjacent to the North and South of the uncovered copper, Mexus has discovered old workings with gold, silver, and galena. The company has hired Geologist Cesar Lemas to begin a geology and mapping report that can be used to present this property to other mining companies. His results will be released as they become available.

Since 2000, average head grades for copper declined from 1.3% to 1.1% in 2012. Several of the world’s largest copper mines have been in production for decades and are now mining extremely low grade ore (less than or equal to 0.5% Cu).

Is Mexus likely to make a discovery?  Why should someone speculate on Mexus' high grade gold?





Some useful posts:
Mexus gold Speculative Theory (Pre AR JV) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115152092
A link to the Feburary 2015 report on the Julio: https://www.dropbox.com/s/bbriq1pwkphf23x/JULIOREPORT.pdf?dl=0
High grade sheet: http://www.filehosting.org/file/details/504845/Julio%20Summary%20Sheet%20High.pdf
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111271400
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116279947

 

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MXSG News: Amended Statement of Changes in Beneficial Ownership (4/a) 12/19/2016 06:09:18 PM
MXSG News: Amended Statement of Changes in Beneficial Ownership (4/a) 12/19/2016 05:54:59 PM
MXSG News: Statement of Changes in Beneficial Ownership (4) 12/02/2016 04:09:55 PM
MXSG News: Statement of Changes in Beneficial Ownership (4) 12/02/2016 02:48:32 PM
MXSG News: Quarterly Report (10-q) 11/21/2016 05:05:08 PM
PostSubject
#12828  Sticky Note $MXSG chart deadjim 01/14/17 05:06:01 PM
#12304  Sticky Note Reposting this and making minor changes so its deadjim 12/31/16 06:26:01 PM
#11948  Sticky Note There is a continuous spectrum of scams....ranging from gitreal 12/22/16 05:54:22 PM
#13084   Not much to doubt about here now is wxdog 01/22/17 07:29:24 AM
#13083   Only reason here? I see a silly one 8thaero 01/22/17 05:31:56 AM
#13081   Serious mining companies do not dismiss the existing gitreal 01/21/17 05:55:37 PM
#13079   https://www.sec.gov/rules/proposed/2016/33-10098.pdf So, this 296-page document presenting the pr gitreal 01/21/17 02:40:08 PM
#13078   Looks as never bothered to read at all 8thaero 01/21/17 12:49:20 AM
#13074   Yes, the proposed rules will affect exploration phase gitreal 01/20/17 01:36:59 PM
#13073   You continue getting hung up on "definitions". Ill Aqua-FX 01/20/17 01:20:33 PM
#13072   I seriously doubt that. If there had been rbtree 01/20/17 01:19:49 PM
#13071   That is simply your opinion, nothing more. MarMar Amadeus4153 01/20/17 01:12:26 PM
#13070   That is irrelevant to my point, which was rbtree 01/20/17 12:51:13 PM
#13069   LOL! Try telling that to the Goldlion78 01/20/17 12:35:24 PM
#13066   Wrong. Its called a money making machine. Aqua-FX 01/20/17 12:25:02 PM
#13065   A Probable Ore Reserve has a lower level deadjim 01/20/17 12:25:01 PM
#13064   Guide 7 currently only permits reporting of reserves deadjim 01/20/17 12:00:37 PM
#13063   So what do you call a company that rbtree 01/20/17 11:49:17 AM
#13062   No, the point is that a US-traded company gitreal 01/20/17 11:40:55 AM
#13061   The point is the Canadian standard is the Aqua-FX 01/20/17 11:35:10 AM
#13060   Compliant is the key word. You cannot gitreal 01/20/17 11:24:09 AM
#13059   International investors in the mining sector will find WhatNestEgg 01/20/17 11:18:31 AM
#13058   the world standard which is Canada 43-101 gitreal 01/20/17 11:11:01 AM
#13056   "But until then i'm sure we'll here OMG Amadeus4153 01/20/17 10:20:34 AM
#13055   "Guess what? The proposed replacement will be a Amadeus4153 01/20/17 10:14:37 AM
#13054   The rules are being changed to align with WhatNestEgg 01/20/17 08:59:04 AM
#13053   So what do you call a company that Aqua-FX 01/20/17 08:37:00 AM
#13052   Wonderful short course, Jake. Nexus AND Mexus is 8thaero 01/20/17 04:47:46 AM
#13051   Trying to get this straight? For over a wxdog 01/20/17 02:32:42 AM
#13050   The rules are the rules...until they're replaced with gitreal 01/20/17 02:28:17 AM
#13048   Industry Guide 7 to be Eliminated-- gitreal 01/20/17 02:12:56 AM
#13047   I've never seen a Construction project end with WhatNestEgg 01/20/17 12:44:06 AM
#13046   Industry Guide 7 to be Eliminated-- garlickedskicuts 01/20/17 12:24:02 AM
#13045   No they don't have to meet any sort rickybobby34 01/19/17 09:12:58 PM
#13044   They would have to be very careful how gitreal 01/19/17 09:07:37 PM
#13042   J U L I O learningthetruth 01/19/17 09:03:26 PM
#13040   That's not the point. It is up gitreal 01/19/17 09:01:22 PM
#13039   Great so if MarMar shares these column tests, rickybobby34 01/19/17 09:00:39 PM
#13038   the numbers were pulled out of a hat gitreal 01/19/17 09:00:22 PM
#13037   Again, can you prove that the cost per Amadeus4153 01/19/17 08:58:42 PM
#13036   Wow. I don't know why this conversation gitreal 01/19/17 08:56:45 PM
#13034   Gitreal there's a question that needs to be rickybobby34 01/19/17 08:48:58 PM
#13033   Without a doubt! Adding another million oz. property rickybobby34 01/19/17 08:46:03 PM
#13032   What has been particularly exciting to see is Amadeus4153 01/19/17 08:41:58 PM
#13030   Paul is the real deal and an honest garlickedskicuts 01/19/17 08:27:45 PM
#13028   Considering they own all the equipment that's needed rickybobby34 01/19/17 08:22:22 PM
#13027   Re: Belgie24 Post# 13006 Re: gitreal Post# 13003 Having learningthetruth 01/19/17 08:19:43 PM
#13025   Do you know Mr. Thompson? You claimed that ghostinthemirror 01/19/17 08:18:15 PM
#13024   Excellent thread of questions RB. I also just Amadeus4153 01/19/17 08:05:28 PM
#13023   You knew exactly what was meant in the Amadeus4153 01/19/17 08:02:53 PM
#13022   Boy, you just love to twist people's words Amadeus4153 01/19/17 08:01:38 PM
#13021   They are only lies if they are untrue. Amadeus4153 01/19/17 07:59:40 PM
#13020   So if MarMar has drills, does column testing, rickybobby34 01/19/17 07:44:54 PM
PostSubject