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Mexus Gold US (MXSG)

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Last Post: 12/5/2016 3:10:46 PM - Followers: 149 - Board type: Free - Posts Today: 49

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
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SureTrader
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
MXSG News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/14/2016 02:02:35 PM
MXSG News: Amended Annual Report (10-k/a) 09/19/2016 06:02:23 AM
PostSubject
#10908  Sticky Note New PT audio roundthebend 11/15/16 12:39:07 PM
#10424  Sticky Note MEXUS NEWS from Today.... learningthetruth 10/11/16 04:39:24 PM
#10298  Sticky Note It should be noted that much of that TMLonggun 09/26/16 04:52:27 PM
#11422   15000 shares on the ask between this and .195 weathervane 12/05/16 03:10:46 PM
#11421   My guess as well, that we should close Amadeus4153 12/05/16 02:54:45 PM
#11420   Paper thin again back up to .20, I'm weathervane 12/05/16 02:47:05 PM
#11419   I'm glad we filled gap at 0.155, now Allfish 12/05/16 01:36:07 PM
#11417   Agree with everything you said. People try to rwalia99 12/05/16 12:59:02 PM
#11416   Cheapies being sucked up as if by a weathervane 12/05/16 12:52:43 PM
#11415   Great buying opp right here! rickybobby34 12/05/16 12:40:03 PM
#11414   It was fun while it lasted.:-) Will happen Gene_Simmons 12/05/16 12:31:05 PM
#11413   30% a day is not too fast, 200% rickybobby34 12/05/16 12:30:29 PM
#11412   MMs trying to shake out fools, watch the weathervane 12/05/16 12:25:09 PM
#11411   Going up too fast is not good thing, eddyimano 12/05/16 12:23:53 PM
#11410   We will close @ .215 as a new 49andretired 12/05/16 12:12:16 PM
#11409   The last 3 photos have been up for rickybobby34 12/05/16 12:07:51 PM
#11408   Have they added photos again to the website? weathervane 12/05/16 12:05:37 PM
#11407   No doubt! I've been buckled up for this rickybobby34 12/05/16 11:41:02 AM
#11406   That is the most amazing part. The buying Amadeus4153 12/05/16 11:39:22 AM
#11405   Yeah, and we're still surging upward. This is exciting. weathervane 12/05/16 11:32:43 AM
#11404   Amazing how under the radar we are at rickybobby34 12/05/16 11:30:43 AM
#11403   Of course! This week! weathervane 12/05/16 11:26:03 AM
#11402   Been a long time waiting for this. Sweet Amadeus4153 12/05/16 11:04:51 AM
#11401   Trying to average down, oops! Smuggler 12/05/16 11:01:26 AM
#11400   Congrats longs!!! Allfish 12/05/16 10:54:13 AM
#11399  Restored when I buy these penny stocks, I hold shotgun 12/05/16 10:53:43 AM
#11398   Lots of fun for a Monday! Should be illegal! rickybobby34 12/05/16 10:47:44 AM
#11397   All I can say is what a beautiful Madanthony2 12/05/16 10:46:02 AM
#11396   Are the .30's coming? rickybobby34 12/05/16 10:36:36 AM
#11395   "but you should consider holding for longer and Amadeus4153 12/05/16 10:36:32 AM
#11394   You really need to read up on what Amadeus4153 12/05/16 10:35:25 AM
#11393   I don't know of any better place to rickybobby34 12/05/16 10:32:43 AM
#11392  Restored I don't get it..this is my only gold shotgun 12/05/16 10:32:27 AM
#11391   Thanks, DJ. Amadeus4153 12/05/16 10:31:57 AM
#11390   Well what if you're looking for short term Adap 12/05/16 10:30:23 AM
#11389   Well over a 1.00 and probably over 10.00 rickybobby34 12/05/16 10:28:47 AM
#11388   Is this bull still gonna ride? Where do you Adap 12/05/16 10:26:53 AM
#11387   The best gaps dont fill. they take deadjim 12/05/16 10:22:29 AM
#11386   Here come those .20's :-) rickybobby34 12/05/16 10:14:30 AM
#11385   Whoops, spoke too soon! By all accounts is Amadeus4153 12/05/16 10:12:34 AM
#11384   One more penny and we can fill that Amadeus4153 12/05/16 10:09:47 AM
#11383   I can't believe this because we still have eddyimano 12/05/16 10:01:23 AM
#11382   Sure, it might drop back down, even maybe Amadeus4153 12/05/16 09:57:26 AM
#11381   Not sure I've seen a level 2 line rickybobby34 12/05/16 09:50:14 AM
#11380  Restored Looking awesome, but "GAP" is not too good, eddyimano 12/05/16 09:47:21 AM
#11379   Just picked up another 70,000 shares between 0.175 Amadeus4153 12/05/16 09:43:09 AM
#11378   Opened at .195, nice little gapper! rickybobby34 12/05/16 09:35:05 AM
#11377   Wow, right you are about that! Have never Amadeus4153 12/05/16 09:26:52 AM
#11375   Ask is looking pretty at the moment... :-) Gene_Simmons 12/05/16 09:07:30 AM
#11373   Bring on the .20s MXSG TRAPPER JIM 12/04/16 09:55:33 PM
#11372   I think 3 waves are coming on this deadjim 12/04/16 08:29:22 PM
#11366   If what you claiming is negative to MXSG, eddyimano 12/04/16 03:27:09 PM
#11364   "However, a quick perusal of their filings shows Amadeus4153 12/04/16 02:57:51 PM
PostSubject