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It’s not April yet. Hold your horses.
Today’s SP is a gift. I’m guessing/hoping it stays down here through the holiday week. In which case I’ll be buying more as well.
Typically, when a company releases a PR, it is buy the rumor sell the news. With Mexus, no one is selling.
This consolidation around .02 is Great to see.
Very bullish!
Higher highs. If they can consistently produce gold.
Buy the rumor sell the news but the news came and no one is selling. The market is indicating this is going much higher. Slow n steady move up lets us stay under the radar. The longer that happens the higher we move once we get the spotlight. This is still the early beginnings of this move. All in my opinion.
HB
And I still have mine! The SP has spent the past 2 weeks consolidating around a penny and is ready to rock n roll when the news comes. It’s going to be a great ride back to .10 and beyond!
Thank you 8.
Excellent post, as always. Thank you TML
Agree 100%. I've been buying more every day this week, including today. The Share Price here is still extremely cheap.
Tap, tap, tappin the Ask.
GAME TIME!
Oh yeah, was a great ride to the highs. Now back here and giving you and others a great entry point at .075, imo. Should be headed to new highs in the coming months.
HB
Welcome aboard Chilar.
Curious, how did you hear about Mexus?
HB
PR - 5 g/t Au!
http://globenewswire.com/news-release/2017/06/05/1007975/0/en/Assays-at-Santa-Elena-mine-show-an-average-5-g-t-Au-and-18-g-t-Ag.html
CABORCA, Mexico, June 05, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that progress at the Santa Elena mine continues towards the goal of becoming a producing mine. Our geologist, Cesar Lemas, has spent the last few weeks analyzing all aspects at the mine and has produced a technical report which includes an operating plan. The Santa Elena mine has processed 16,000 tons of ore from Vein 2 which was the blasted material to a depth of 5 meters. New mineralized material is now being mined from the Julio structure. A low angle shear zone has just been uncovered at the footwall of the main Julio vein. This ore is being hauled directly to the pad after adding the required lime for PH control. Most of this material is pad ready and crushing is not needed. Samples from this new material were collected randomly and analyzed by Mr. Lemas at a local fire assay laboratory. One duplicate was split and pulverized then fire assayed in 10 gram portions. Results returned an average of 5 g/t Au and 18 g/t Ag. Quartz vein boulders from this system are being treated separately to be crushed and sampled. This material will be processed as high grade or hauled to the leach pad based on the results.
Additional sampling of the vein and shear structures have been processed with results to return as early as June 6. Veritas Bureau Laboratory in Caborca (formerly Inspectorate) currently has a 25 day return time on assays so duplicates will also be analyzed locally to control the mine development. An AA analyzer unit will be onsite the week of June 5th and will be calibrated to Santa Elena standards. The primary function of this machine is to monitor solutions before they go to the Merrill Crowe recovery plant. Mr. Lemas noted that the initial heap leach was estimated at 1.2 g/t Au and 10 g/t Ag based on site analysis. Heap leaching is expected to collect 400oz. to 500oz. Au and 10 times that in Ag, with the minimum production of 1000 tons per day within the first 30 days of production. Future target production is in the order of 10,000 tons per day.
The mine crew is currently producing 500 to 1000 tons per day with only one pit in operation. The plan is to reach 1000 to 5000 tons per day in the near term with several pits being worked simultaneously. Additional drilling and blasting equipment will be used as well as hauling trucks. There is no interference between production points as the structures are widespread and located close to the crushing area and leach pad.
Continued analysis of the initial precipitate from Pad 1 showed an excess of zinc. Attempts to smelt this material have proved difficult and costly. It has been decided that this material will be added to future material thus diluting the overall zinc.
The pad for the crusher is cleared and being prepped. The plan is to stair step production with the end goal of reaching 10,000 tons a day. Equipment scheduled for delivery includes a 988G Cat Loader, a 100 ton haul truck, track mounted blast drill, and a secondary crushing plant on site which will facilitate the increased production.
“To say I’m excited about this assay would be an understatement. This result confirms what we had already stated- the Julio vein is rich in gold! The results from this vein will fluctuate but it’s important to keep in mind that we will also be digging in high grade zones as we work the shear wall. Getting Cesar involved is a real game changer for all as he knows this property extremely well. I would also like to add that our investors need to focus on our press releases for a source of information. Anything else is speculation or has been extrapolated from conversations I may have had,” added CEO Paul Thompson.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The mine is producing gold. The company is also a partner with MarMar holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is planned for 2018. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Cautionary Statement
Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Inquiries - Paul Dent, 425-478-4908 pdent@mexusgoldus.com
well said. Thank you rwalia.
I missed it too but I've got my order in now and buying down here is simply a Gift!
HB
I'm a buyer every week. No matter the sp or quantity.
If you can separate the doubts of what we don't know and focus on what we do know, then buying at today's sp seems a no brainer.
HB
Please post a link to the lawsuit you are claiming has been filed or any documentation that supports any of your claims.
Thanks.
Absolutely! I'm sure PT has an idea on his follow up interview once numbers are in! Mexus will be a household name one day!
Thanks for your post and I agree.
I will only add that we already hit .60ish on the "voting machine phase" years ago and we weren't in nearly as good of shape as we are right now.
Im a long term holder and have no idea when I would consider selling. We as investors should be helping to build a new investor base. When I invest my money in speculative stocks I tend not to side with the hurry up and wait notion when I could take action that might produce a positive outcome.
To each there own. Everyone do what they are comfortable with. My money is important to me.
At this time we have nothing to complain about in regards to the company. All cylinders are firing and PT is a great driver!
HB
I disagree. Kitco may not ask for Interviews with PT until steady production and #'s come out but I'm trying to get them to start posting our press releases again. "Again" being the key word. They posted our press releases for years when nothing of substance was going on and now they aren't. I've spoken directly to kitco. They said it was based on interest that they report the Press Releases. They also told me they normally only report on US and Canadian companies. I had to inform them that the company was US based with operations in Mexico.
At that point the gentleman said he would send an email and see what kind of information he could get and would get back to me. I told him I'd be happy to call him back in a week to see if he could find out anything.
1. The information we have is abundant.
2. Some people/companies do not even know we are a US based company. Smh on this one.
3. Speaking with companies/investors absolutely makes a difference
"Those who do nothing will end up with nothing."
HB
I understand the need for specifics but I will have to politely disagree with the fact we do not have enough information, for kitco or for the average investor to speculate on. Guys (and girls) if you/we cannot make a compelling case for why Mexus is the next best thing then we have failed as investors. What are we doing here? Rolling dice? Not with my money. The same info that had our SP at .60 is still there plus years of extra information and now production at one of our mines. Regardless of shares outstanding, we should be at multiples higher SP. Marketing is what we as investors can do to help. Help the company, help ourselves, and the share price. I'm sure the company has a plan and that too will come in due time (the company's time). If anyone wants to hang with your backs against the wall and wait for this successful mining company then so be it. I like to earn my keep. Win lose or draw. We all have plenty of $$ invested here. Dare I say, act like it. Last I checked complaining about something out of your control never amounted to squat. Let's take what we do have, be thankful, and use it!
HB
why would you discourage anyone from trying to garner attention for the company? Smh. Knew there was a reason why I had you on IG at Raging bull.
HB
Complain in one hand and crap in the other. See which one fills up faster.
While most here(not all), wait, wish, and hope, may I suggest doing as much as you all can do to bring attention to the company.
Stop cheerleading under the bleachers and put yourself in the game.
I've spoken to kitco twice in the past week. Once before the PR and once yesterday. Asking them if they have info regarding Mexus and what are the guidelines for them to start reporting companies.
Their press releases are not due to money being exchanged. "It's solely based on interest."
So here ya go, +1-877-775-4826. They open at 830am est.
There are also 100's of generic gold and silver forums across the internet. Engage conversation and mention the company. We are producing now. We have first pour pics and tons of information to use. Fire away!
Many of you have subscriptions to various news letters. Use them like they use you. All have emails.
The information you all are wanting from the company will come in due time. Not on your time.
Do what you can. Believe it or not, you can do a lot.
I applaud everyone who is doing their part.
HB
Hour and a half til open :D
Hi Gene, with Mexus now in stride, we will have a little extra to play with. I think Goro will see low $3's. That's where I'll be loading. Just my opinion though and should be taken with a grain of salt.
HB
Last coverage I could find is in 2015. If it's money they need I'm willing to put in the collection plate. I personally hate the entire layout of their website and their app but longevity in the biz gives them wide range viewership.
One that I hope we can tap back into.
I wonder what it will take for kitco to start releasing our PR's again.?
Mexus smelts first gold at Santa Elena mine
CABORCA, Mexico, April 24, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced that on Saturday, April 22nd, CEO Paul Thompson observed the first smelting of precipitate at its Santa Elena mine. “This test run went well resulting in a small amount of dore. The crew will be fine tuning the temperature of the furnace, adjusting the flux mixture, and installing a more precise weighing system. These are normal steps for a start-up and won’t take long to perfect. This is a hallmark moment for Mexus and marks what will be the first of many gold pours to come,” added CEO Paul Thompson.
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/f902512d-c5ce-4a20-beee-46a802696270
http://www.globenewswire.com/NewsRoom/AttachmentNg/3fcc5fb4-6d1e-4882-b321-6496ee8427c4
http://www.globenewswire.com/NewsRoom/AttachmentNg/883ddc5d-db2f-4520-ad10-951dae6e4399
Regino Vargas, site manager at the Santa Elena mine, stated he was happy with the first smelting results and confirmed prior statements that a 1 gram per ton average on pad 1 is likely.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The mine is producing gold. The company is also a partner with MarMar holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is planned for 2018. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Cautionary Statement
Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Inquiries - Paul Dent, 425-478-4908 pdent@mexusgoldus.com
http://globenewswire.com/news-release/2017/04/24/970032/0/en/Mexus-smelts-first-gold-at-Santa-Elena-mine.html
Thanks Checkmate. I sent off an email to Greg yesterday and he replied back rather quickly. Everything you posted was spot on to what he told me. I will add that they haven't made a decision on how they will finance the 25-30 million capex for Isabella Pearl. He stated in the email:
"we see three (3) potential ways to pay for Isabella Pearl development/build:
1. Cash from the Company treasury as well as cash provided from daily Mexico operations
2. Debt financing from equipment manufacturers (such as crusher/conveyor equipment). We have zero debt today.
3. Equity sales (note last equity sales for cash was in August of 2010)
We very well may use a bit of all three (3) of the above to finance the Isabella Pearl Project."
Daily production has not yet started at the Mirador Mine but he did state that production should be within the next 2-4 weeks. Initially it will provide 100-200 tons per day. This will be a silver producer. At full production he felt it would bring 500,000 silver ounces per year.
Started my long position today and will add more over the next few weeks.
HB
Great info checkmate. Thank you.
My family has owned GORO for many years. I, myself have played the swings in the past but am looking to start a long position soon.
This may be a great entry point for me.
HB
MEXUS PRODUCING GOLD - PR
CABORCA, Mexico, April 17, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) confirmed that it is producing gold at its Santa Elena mine. The first part of the mining plan is now complete with Pad #1 actively leaching gold, new mineralized material being place on pad #2, and the Merrill Crowe gold recovery plant now operational. We will be smelting and selling dore in the near future and will release results when prudent. The plan going forward will be to increase production to 10,000 tons per day and build out the mine infrastructure as necessary with increased revenue funding each stage. Mexus’ goal is to reach maximum output by December 2017.
The work to bring the San Felix project into production has begun. Mexus’ first step is to restore the electrical system to the existing plant. 750kw and 600kw diesel generators have been purchased to manage the plant. Additional information will be released as milestones are reached. The plan is to have the San Felix project producing gold by January 2018.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The mine is producing gold. The company is also a partner with MarMar holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is planned for 2018. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Cautionary Statement
Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Inquiries - Paul Dent, 425-478-4908 pdent@mexusgoldus.com
https://globenewswire.com/news-release/2017/04/17/961205/0/en/Mexus-producing-gold-at-its-Santa-Elena-mine.html
Hello everyone.
Been in and out of Mcewen for several years now. Currently I hold no position but I am looking for some fundamental guidance. Any info given is greatly appreciated. Just trying to get a feel for the company through the investors mind.
Has anyone heard when the updated PEA will be out for Los Azules?
Fundamentally, what kind of near term news are investors looking forward to and what is your opinion on when that news will come?
Thanks!
HB
"Molori Energy Publishes Updated NI 51-101 Report and Demonstrates 420% Increase in Reserves" and a 600% increase in production!
http://finance.yahoo.com/news/molori-energy-publishes-updated-ni-132000170.html;_ylt=AwrBT8ptosZYZkQAw6pXNyoA;_ylu=X3oDMTByMDgyYjJiBGNvbG8DYmYxBHBvcwMyBHZ0aWQDBHNlYwNzYw--
Lol. That was me. Had a little left over in a family members account.
Placed at ask. filled under that. Take it however I can get it.
I have a bid out there today in case someone wants to market sell again. =D
Happy Hunting!
HB
Mexus intends to have 2 fully operating mines in the first half of 2017. "Our operating partner has multiple crews that will enable simultaneous work at both the Santa Elena and our newly acquired property (San Felix)."
Progress pics can be viewed at the company's website.
www.MexusGoldUS.com/photos.php
2 fully operational mines the first half 2017!
Santa Elena First!
San Felix soon after!
Going to be a fantastic next few weeks!
"Mexus Gold US is an American based exploration company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The JV is currently lining the heap leach pads and ponds with the initial stacking of ore to begin in the first part of 2017. The company also is a partner with MarMar holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is planned for the first half of 2017."
“The Santa Elena property will be our first producing mine. Our operating partner has multiple crews that will enable simultaneous work at both the Santa Elena and our newly acquired property (San Felix). Production at the Santa Elena is nearing and I ask for the shareholders to remain patient with the process. These steps will provide the base for what will become a large operating mine for years to come,” added Mexus CEO Paul Thompson.
Absolutely! Mexus is presenting everyone with an opportunity to become wealthy! Production PR is just around the corner!
Extremely Exciting Times for ALL INVESTORS!
HB
PRODUCTION BEGINS SOON!
GOLD WILL BE PRODUCED VERY SOON