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Mexus Gold US (MXSG)

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Last Post: 8/29/2015 2:09:16 PM - Followers: 53 - Board type: Free - Posts Today: 0



MEXUS GOLD US is an American-based exploration company with holdings in Mexico and Nevada. Mexus’ fully owned Julio/Santa Elena property is located 54km north of Caborca, Mexico. This 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. The company looks to have this property in full production by the end of 2015.

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. 

Mexus’ primary goal is to bring its flagship mine, the Julio/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.

On July 13th 2015 Mexus announced that after months of negotiating with several mining companies an agreement has been reached. President Paul Thompson is proud to announce that Mexus has signed an option/joint venture agreement with Minera Real del Oro S.A. de C.V., a Mexican corporation, which is wholly owned by Argonaut Gold Inc. (TSE:AR). Argonaut has the knowledge and experience along with the necessary capital to plan, drill, and bring the Julio/Martha Elena project into production. Mexus believes that Argonaut is the best fit for this project. Mr. Thompson added, “For approximately three years, Mexus performed geology, mapping, and exploration work on the property along with limited drilling. Within the property there are extensive vein systems and evidence for several large flat-lying shear zones believed to be related to thrust faulting. Work by Mexus has confirmed that both the veins and shears host multi-gram per tonne gold and silver values. Mexus has drill results which show a high grade, multi vein system throughout the property. Multiple target areas have been identified on the property and Argonaut is currently conducting geologic mapping and sampling in anticipation of an aggressive drill program over the next several months. Adequate work was completed for Mexus to realize that this project was too big for us and needed an experienced mining company such as Argonaut Gold. We are excited about the partnership and look forward to seeing Argonaut drill and ultimately bring this property to production.”

The terms of the agreement are as follows:
On July 6, 2015, Mexus Gold Mining, S.A. de C.V., a wholly owned Mexican subsidiary of the Company (“Mexus”), entered into an Option and Joint Venture Agreement (“Agreement”) with Minera Real Del Oro, S.A. De C.V., a wholly owned Mexican subsidiary of Argonaut Gold, Inc., a Canadian gold company engaged in exploration, mine development and production activities (“Argonaut”).  Pursuant to the Agreement, Mexus has granted Argonaut an exclusive and irrevocable option to acquire all rights to Mexus’ mining concessions located in Caborca, Mexico, Sonora State described as the Marta Elena, Julio II-VII and Mexus III Claims (the “Mining Concessions”).
According the Agreement, Mexus will transfer its Mining Concessions into a newly formed Mexican Company (“Newco”), and Argonaut will have the sole option to purchase up to 80% ownership of Newco in accordance with the terms of the Agreement.  The initial option period expires on December 31, 2015.
A summary of Argonaut’s required payments to Mexus for the option and required expenditures relating to the Mining Conessions are as follows:
1. Argonaut will make a cash payment to Mexus of US$75,000 upon execution of the Agreement plus incur required expenditures relating to the Mining Concessions of not less than US$300,000 by December 31, 2015.
2. In the event that Argonaut desires to extend the option period to June 30, 2016, Argonaut shall pay a cash payment to Mexus  of  US$125,000 plus incur required expenditures relating to the Mining Concessions of not less than US$500,000.
3. In the event that Argonaut desires to extend the option period to December 31, 2016, Argonaut shall pay a cash payment to Mexus of US$350,000 plus incur required expenditures relating to the Mining Concessions of not less than US$1,000,000.
4. In the event that Argonaut desires to extend the option period to December 31, 2017, Argonaut shall pay a cash payment to Mexus of US$400,000 plus incur required expenditures relating to the Mining Concessions of not less than US$3,300,000.
5.  Argonaut is responsible for paying all land taxes, annual concessions or permit fees and the monthly lease of US$1,000 during the term of the Agreement.  In addition, prior to July 6, 2016, Argonaut must expend a minimum of US$600,000 in expenditures relating to drilling Reverse Circulation and/or Core or a combination of both drill holes in relation to the Mining Concessions.
6.  At any time prior to December 31, 2018, Argonaut may exercise the option, provided that it has incurred minimal expenditures on the project of US$5,000,000 and made cash payments to Mexus equal to US$950,000.
Once the option is exercised, Argonaut will hold an 80% interest of Newco and Mexus will hold a 20% interest in Newco.  All mining operations will be funded by Argonaut at no cost to Mexus.  Newco will be managed by three board members, one of which will be Mexus.  Argonaut reserves the right to terminate the Agreement at any time with 30 days written notice provided that the required payments to Mexus have been made in accordance with the terms of the Agreement.  (This is a deal based on gross revenue, ie, Meuxus will receive 20% of the project's total production at no cost except taxes and internal admin.)

About Argonaut Gold:
Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets are the production stage El Castillo mine in Durango, Mexico, and La Colorada mine in Sonora, Mexico. Advanced exploration stage projects include the San Antonio project in Baja California Sur, Mexico, the Magino project in Ontario, Canada and the San Agustin project in Durango, Mexico. The Company also has several exploration stage projects, all of which are located in North America.  For those not familiar with the Argonaut team they are drawn from Meridian Gold which was bought for $3.5 billion in 2007. This team is a proven, brilliant, value generating force.
They have about $50 million cash and six figure precious metals production - about to get bigger with Mexus and their Canadian project in the pipeline,

Now that Argonaut will develop the Julio 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 Argonaut likely to make a discovery?  Why should someone speculate on Mexus' high grade gold?
A link to the Feburary 2015 report on the Julio:
High grade sheet:

Blog from long time share holder:

Organizational Chart

YouTube videos

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MXSG News: Amended Quarterly Report (10-q/a) 08/21/2015 02:34:11 PM
MXSG News: Quarterly Report (10-q) 08/19/2015 01:39:29 PM
MXSG News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/14/2015 12:58:31 PM
MXSG News: Current Report Filing (8-k) 08/07/2015 06:05:14 AM
MXSG News: Securities Registration: Employee Benefit Plan (s-8) 07/29/2015 06:08:19 AM
#2466   I, least, would have been IN at the 8thaero 08/29/15 02:09:16 PM
#2465   Boss has gone fishin roundthebend 08/28/15 07:09:19 PM
#2464   Look at that volume come in on a Belgie24 08/28/15 06:01:39 PM
#2463   Gotcha thank you Aqua-FX 08/27/15 07:01:10 PM
#2462   Still same Walnut Grove Office 8thaero 08/27/15 06:45:25 PM
#2461   Actually if that email address was established Aqua-FX 08/27/15 03:54:16 PM
#2460   Looks like Comstock Mining will finally be able 8thaero 08/27/15 02:54:02 PM
#2459   Who does? North Pacific is only such 8thaero 08/27/15 12:50:39 PM
#2458   email addy, not a link. Prolly busy 8thaero 08/27/15 12:18:51 PM
#2457   Email probably doesn't work since was linked with Aqua-FX 08/27/15 10:40:46 AM
#2456   China's market has bounced off it's bottom. The realtorwsm 08/27/15 10:38:21 AM
#2455   China's market has bounced off it's bottom. The realtorwsm 08/27/15 10:37:48 AM
#2454   Has anyone spoken to Dent in the past honestlybusy 08/27/15 08:33:50 AM
#2453   Would that be insurance for the boat? Belgie24 08/26/15 08:38:16 PM
#2452   Talked from Homer where expects insurance 8thaero 08/26/15 04:26:32 PM
#2451   Looks like critical support/stop $1115.15 halted any more 8thaero 08/26/15 02:07:31 PM
#2450   Following quite well the 6 annual steps 8thaero 08/26/15 12:14:22 PM
#2449   Std reasoning is POG UP $26 in 8thaero 08/26/15 10:44:40 AM
#2448   I think we see Gold price drop well realtorwsm 08/26/15 10:28:23 AM
#2447   Well, looks like gold got pulled into the goldbuggy 08/25/15 09:41:16 PM
#2446   So about no news. I've been too often 8thaero 08/25/15 04:02:38 PM
#2445   Amazing gold in general hasn't bottomed out through realtorwsm 08/25/15 12:57:54 PM
#2444   Usually only thing attracts new buyers is 8thaero 08/25/15 11:05:31 AM
#2443   I could care less about who said, he honestlybusy 08/25/15 09:38:08 AM
#2441   I tell them both I probably have 8thaero 08/25/15 05:09:09 AM
#2440   You gotta admit, Don, Arin's Gilligan's Island post Belgie24 08/24/15 11:05:22 PM
#2439   PT and Tom are alumnae of the A Dinosaur 08/24/15 08:15:34 PM
#2437   Amazing...i don't mean to sound enpt but does realtorwsm 08/24/15 06:43:40 PM
#2436   Something wrong with most what I own up 8thaero 08/24/15 06:14:41 PM
#2435   After market trading that is realtorwsm 08/24/15 05:20:16 PM
#2434   I was speaking about market in general...coincidentally... WallStreet realtorwsm 08/24/15 05:19:38 PM
#2433   No offense taken but THIS is what I MEANT... 8thaero 08/24/15 04:50:58 PM
#2432   You can trade at 5:30am? MM rule! They realtorwsm 08/24/15 04:16:28 PM
#2431   How totally silly! Some really BRAVE soul spent 8thaero 08/24/15 03:12:36 PM
#2430   Burkhart called back and we had a nice 8thaero 08/24/15 02:03:09 PM
#2429   Childish and immature yea, accurate off a mile 8thaero 08/24/15 11:53:36 AM
#2427   Back on Earth, PT said they have 8thaero 08/24/15 11:01:28 AM
#2425   No that's the owner PT Jr. 8 8thaero 08/24/15 10:27:04 AM
#2424   Isn't he the one that got married a A Dinosaur 08/24/15 10:20:18 AM
#2423   Yes a young Paul as well. Think PT 8thaero 08/24/15 10:16:34 AM
#2422   Geeze, you mean it aint all my nasty 8thaero 08/24/15 10:13:10 AM
#2420   Concerning the market correction: with the Dowj premarket realtorwsm 08/24/15 09:27:53 AM
#2419   Concerning the market correction: with the Dowj premarket realtorwsm 08/24/15 09:27:48 AM
#2418   Interesting. Those are the most detailed pictures of the TMLonggun 08/24/15 07:10:17 AM
#2417   TM a friend up in Washington forwarded me MX23 08/24/15 06:21:52 AM
#2415   It was a post from MAY about same 8thaero 08/24/15 04:46:47 AM
#2414   How did you come by this information? TMLonggun 08/24/15 02:43:03 AM
#2413   Some thoughts: TMLonggun 08/24/15 02:32:18 AM
#2412   Does anyone remember that drunk scott meisterheim from MX23 08/24/15 12:52:54 AM
#2411   Same old song and dance... I'm really surprised aringbearer 08/23/15 10:42:44 PM