there IS gold in the ground.
There is gold "in the ground" on just about every single square inch of the earth's surface. Including my own backyard. But my backyard cannot be profitably mined.
But finding economic deposits of gold that can be mined profitably is the issue. Gold is present most everywhere, but in very limited amounts. There are very, very few of those places remaining on the entire planet.
And Argonaut's drilling demonstrated that MXSG's property is unlikely to be one of them. And so far, the work that MXSG has done bears that out.