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Mexus Gold US (MXSG)

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Last Post: 11/24/2015 6:44:05 PM - Followers: 56 - Board type: Free - Posts Today: 23



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, Mexus 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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Current Price
Bid Ask Day's Range
MXSG News: Quarterly Report (10-q) 11/23/2015 02:44:16 PM
MXSG News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/16/2015 02:12:08 PM
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
#2979   Prolly just need to greatly exceed next 8thaero 11/24/15 06:44:05 PM
#2978   Just for fun, sooner or later we will Gene_Simmons 11/24/15 04:18:53 PM
#2977   Executive pay is NOT a subject for 8thaero 11/24/15 02:54:14 PM
#2976   Back at ya Dave! Happy Thanksgiving Señor! maverick49er 11/24/15 02:13:29 PM
#2975   Hey Ernie, yup the share count is rising, Belgie24 11/24/15 01:58:04 PM
#2974   You're welcome ;-) Buys vs sells today rickybobby34 11/24/15 01:34:19 PM
#2973   0.018 for a brief moment. More of that please! Gene_Simmons 11/24/15 01:26:53 PM
#2972   No immediate need for near term 8thaero 11/24/15 01:24:42 PM
#2971   It seems you guys are convinced this thing Gene_Simmons 11/24/15 01:05:33 PM
#2970   It helps to look at the big picture rickybobby34 11/24/15 12:38:44 PM
#2969   I could use myself a nice PR soon. Gene_Simmons 11/24/15 12:30:49 PM
#2968   The overall risk of MXSG is looking rather realtorwsm 11/24/15 12:16:09 PM
#2967   It seems I sorted things out with my Gene_Simmons 11/24/15 11:26:31 AM
#2966   Without the big seller around looks like the rickybobby34 11/24/15 11:22:08 AM
#2965   Already said I didn't have outside shareholders started KansasCrude 11/24/15 10:29:39 AM
#2964   Nothing special as CoB while CEO runs 8thaero 11/24/15 10:05:21 AM
#2963   Argonaut Gold Chairman Brian Kennedy Retiring; Jim Kofman Gene_Simmons 11/24/15 09:35:18 AM
#2962   Still in the also rans with same 8thaero 11/24/15 08:59:44 AM
#2961   I never said didn't believe in Argo. Actually Aqua-FX 11/24/15 06:40:19 AM
#2960   All I know, where Eagles dare, little despair, wxdog 11/24/15 02:41:28 AM
#2959   All's to say is if you started 8thaero 11/24/15 01:09:58 AM
#2958   Aqua started my own company too and did KansasCrude 11/24/15 12:02:44 AM
#2957   Aqua started my own company too and did KansasCrude 11/24/15 12:02:40 AM
#2956   WOW! 5 years with NOTHING on a-wander Alaska 8thaero 11/23/15 11:41:23 PM
#2955   Dino I started my own company. I paid Aqua-FX 11/23/15 11:15:04 PM
#2954   Agree Timing might have been better roundthebend 11/23/15 10:55:33 PM
#2953   So how many YEARS do you want to A Dinosaur 11/23/15 10:19:13 PM
#2952   Im all for one taking a fair salary Aqua-FX 11/23/15 09:50:43 PM
#2951   SOME have taken some notice and have 8thaero 11/23/15 07:57:33 PM
#2950   Only learned 2 things in addition 8thaero 11/23/15 06:42:14 PM
#2949   Hi Dave, maverick49er 11/23/15 05:35:37 PM
#2948   10Q is out. Belgie24 11/23/15 03:13:03 PM
#2947   In the merger with Pediment in '09 8thaero 11/23/15 01:45:48 PM
#2946   Keep noticing new items still in the 8thaero 11/23/15 12:15:50 PM
#2945   With no more than 7-8 days left to 8thaero 11/23/15 10:54:35 AM
#2944   Let's be honest Rich. We are all banking Aqua-FX 11/23/15 10:25:02 AM
#2943   Aqua-FX, Would not hold my breath, but we could rich2 11/23/15 01:11:08 AM
#2942   The next option just would give them more Aqua-FX 11/22/15 07:35:03 PM
#2941   So Argo wrote it (contract) that way to realtorwsm 11/22/15 07:20:14 PM
#2940   In combat you like to keep 8thaero 11/22/15 06:50:25 PM
#2939   More than you need to know 8thaero 11/21/15 05:38:54 PM
#2938   Ajo Porphyhy belt is not Mojave-Sonora megashear 8thaero 11/21/15 02:21:09 PM
#2937   Interesting real estate and potential synergy. How KansasCrude 11/21/15 11:32:22 AM
#2936   Been down so long even seems like up! 8thaero 11/20/15 06:35:22 PM
#2935   Keep running across Argonaut's Caborca copper project. 8thaero 11/20/15 02:17:45 PM
#2934   Never seen any so anxious to take as 8thaero 11/20/15 12:19:38 PM
#2933   Was Wednesday the last day our seller unloaded rickybobby34 11/20/15 10:38:50 AM
#2932   Best fruit grows on taller 8thaero 11/19/15 05:52:15 PM
#2931   OT: Opps, meant Harrah's Gulfport. Looking for Mr Bobo 11/19/15 05:33:30 PM
#2930   Really OT: 8thaero 11/19/15 05:32:00 PM