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 that profitably mine a small fraction of Mexus' discovered grades. 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 2016 in JV manner similiar to the earlier deal with Argonaut.
Santa Elena/Julio Property
Mexus’ Julio/Santa Elena property 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 1340 hectacres.
The Santa Elena/Julio area 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.
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.
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