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Here's to a great week, everyone. You never know, things might actually get brighter from now on.
California Dreaming
At least we have positive excitement back. Perhaps we will do much better this time around. You can't fall from the floor. Those MarMar folks, yuck.
Thanks, dino! Maybe we will soon see 1 cent for the last time. 2 or 3 would be bad ass at this time
That reverse split. Any thoughts on when it might take place?
Mexus to begin leaching June 27th at its Santa Elena mine
(OTCQB: MXSG) (“Mexus” or the “Company) announced that all the necessary preparation to begin cyanide leaching at the Santa Elena mine is now complete. Mexus head metallurgist, Roberto Baltierrez, completed lab testing of the recently prepared heap leach pad and has formulated a gold/silver recovery plan. The initial material being leached is existing shear zone lower grade material averaging 1.8 g/t gold and 8 g/t silver. This material was mined while the Julio vein was being drilled and prepped for blasting. (Julio vein ore material is averaging 4 g/t gold and 12 g/t silver).
Once started, leaching will be continuous with new ore being added weekly at the higher grades noted. This continued production will give Mexus the necessary cash flow to increase and improve production without incurring additional debt. The projection is for Mexus to be mining 3500 tons per week of the higher-grade Julio Vein ore by September 2019. “With 1 g/t gold recovery we hope to produce 5,800 oz. gold and 35,000 oz. silver. The Julio vein ore is expected to produce a much higher yield of gold and silver which would substantially increase these figures.” added Mexus CEO Paul Thompson.
IT'S ALIIIIIVE !!!!!!!!!!
They sure do. At this time, that Hoffman guy on Goldrush is a success story compared to mxsg. But times might perhaps change some day
Any plans for a rollback of oustanding shares once/if things finally go the way we hope?
Would be nice to see 5 cents again. If this somehow will actually work this time, we might just get there Before the winds are Cold again. Hm, is there any plans of a rollback of shares? It's like +900 000 000 now. how about dividing that by 10 or something.
Leaching process started at the Santa Elena mine
CABORCA, Mexico, June 03, 2019 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that blast hole drilling continues on the Julio vein system at its Santa Elena mine. More than 150 holes, at depths from 4 to 8 meters, have been drilled covering 240 meters in length along the 1 to 5-meter-thick quartz vein coincident with a flat- east dipping trust structure. All holes are being hand sampled and composited in groups of 5 to 6 holes for gold and silver presence in addition to grade control. Approximately 5700 tons of high-grade quartz vein material will be broken on site and hauled to the crushing and leaching site. The estimated grade for this material is in the order of 5 to 10 g/t Au and 9 to 12 g/t Ag. In addition, Mexus is testing and pilot processing material from the adjacent shear zone which is averaging 1.8 g/t Au and 7 g/t Ag.
Soaking of the heap leach pad is now underway with minimum water to calibrate PH control and solution flow requirements. Bottle roll metallurgical testing for recovery and chemical requirements is being completed as well. The necessary laboratory equipment and manpower is now organized on site to control the leaching process and to ensure optimal quality control.
"The leaching process has started and will continue on a permanent basis as fresh ore will be added to the heap leach pad. Moving forward, Mexus will increase the scale and capacity of the system to maximize returns," added Mexus CEO Paul Thompson.
I hope you are proven right, Miz Ellie. I doubt it, but I want you to be right What a nightmare this has been. But you never know, maybe we will start to see some actual production Worth the effort in the coming months. Fingers crossed.
Here's to 5 cents before the year is over.
Might be close to cyanide time soon. What a relief it will be if this wreck could actually turn itself around. And I say if. Fingers crossed.
Feels like more news this week
Amen!
Truer Words have never been spoken…
But at least the carcass is moving. Perhaps, just maybe, the long suffering shareholders will actually be rewarded soon.
Mexus crushing circuit operational at its Santa Elena mine
CABORCA, Mexico, April 22, 2019 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that its ore crushing circuit is now fully operational. The mine crew will be running the circuit daily starting the week of April 22nd.
IT'S ALIVE...!!!!
April 08, 2019 03:01 ET | Source: Mexus Gold US
CABORCA, Mexico, April 08, 2019 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company”) President and CEO Paul Thompson wants to thank Mexus shareholders for their continued support and patience. In addition, Mr. Thompson wishes to commend mine manager Cesar Lemas and his crew, who are now shareholders of Mexus, who have been working 7 days a week to put the Santa Elena mine into production.
The crushing and milling circuit has been successfully tested and run. Mr. Thompson and Mr. Lemas have decided that the oil seals on the 54-inch cone crusher should be replaced before permanent production begins. The cone crusher has been disassembled and awaits the arrival of the new parts. Mexus expects the plant to be repaired and operational by April 15th.
Mexus continues to consolidate equipment which will be needed for its mining operation. Mexus’ new front-end loader has arrived and is being used to move material as needed. The blast hole drill has been imported and is expected to arrive at the Santa Elena mine site April 8th. The company recently purchased a Cat D4G with a 6-way blade and rippers. This lite weight but powerful piece of equipment will allow the crushed ore, delivered by conveyor, to be spread on the heap leach pad without compaction.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. 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.
Hey, some solid news out this morning.
Nah, been here for 7 years. But sadly, there are other investments that are btter to me. But i would have not in a million years have thought a stock would be blacklisted. But you never know, maybe Mxsg can get its act together and start to thrive.
Any ideas on when we might start a GBM trial? Bureacrats and paper work take their time. Tremendously exciting future once Phase 2 starts!
Looks like it. Maybe we will get some of our losses back in the end somehow. Hope so. You never know. I sold most of mine due to bills that had to be paid, but have a few left at least. Fingers crossed for next week.
Now that's volume. Well, whatever is up, we will know shortly.
That mantra we were told from "the big shareholder" of how Ken tried to scam two old and studid gringos... Well, he didn't manage to scam them, but they sure were old and stupid and managed to scam themselves and everybody else.
Boring news out
It's not easy, that's for sure. But how much worse can it really get? So in a way, the future looks bright
Aim for January, Dutch.
How can anyone claiming to be sane worry so much about a few Days/weeks of delay?? It's the mining business! Who cares? There are many more things to complain about, yet a few Days of apparent no drilling is suddenly the end of the World. Fascinating. There is no hope for humanity.
Now, perhaps Mexus can finally do the turn around we have hoped for.
That guy said he would buy Mexus when it hit 0,008. If he accuses Mexus of lying, well, so is he.
Hole No. 6, the first deeper hole of 150 meters was very interesting all the way down.
Looking forward to what those numbers will say. Any ideas when we might know?
CABORCA, Mexico, Nov. 26, 2018 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG)(“Mexus” or the “Company”) announced that drilling continues at its Santa Elena mine project with no delays and is now on the 7th hole. Five holes were drilled along the Julio Vein-Shear zone for a strike distance of 250 meters with 35 to 40 meter spacing. The purpose is to test the continuity at 25 to 30 meter depths of both the quartz vein and the shear zone that are in the main prospect area. Drill holes proved the continuity at depth of the main quartz vein varying in width from 0.75 m up to 2.0 meters at 25 to 35 meters deep with a dip angle of 45 degrees to the East.
The shallow dipping shear-fault zone also was intercepted and is dipping at a very shallow angle of less than 20 degrees to the SE. This zone becomes the main attractive structure as it varies from 7 to 12 meters in width and consists of fault gouge-mylonite with abundant carbonates as siderite and hematite often carrying quartz fragments.
Hole No. 6, the first deeper hole of 150 meters was very interesting all the way down with several quartz breccia zones and very thick shear zones. Holes No 7 and 8 will be about 150 meters deep but closer to the Julio Shaft area and should intercept the Julio vein at about 100 meters and all the shear zones near the surface. Mexus expects to complete phase 1 of its drilling program by December 1st, 2018.
Let the good times roll..
If they find any gold and show it in a picture, he will probably claim it was photoshopped or something...
Go Mexus! Looking forward to see what the drilling will say.
California dreaming. Will be very interesting to see what will come from this drill program. Some chunks of ounces would be nice.
Will be tremendously exciting to see the first holes reported. Beginning of December? Anyway, best of luck to Mexus.
That would be awesome!
Good! Happy to see stuff happen. Here's to a grrrreat November
Mexus Gold US to commence core drilling on Julio Shear Zone at Santa Elana Project in Sonora MX
Mexus Gold US is pleased to announce funding has been secured and drilling will start Q4 on the 300 Meter portion of the 2.2km long strike along the Julio Shear Zone. Typical past shear zone assays have shown an average of 4 gr per ton gold and 20 to 30 gr per ton silver with areas of higher grades in the underground workings on the 30 Meter level of the Julio quartz vein showing Bonanza grade gold.
The target of the up to 12 hole core drill program of up to 800’ of drilling is to establish structural features, the types of mineralization and define up to 100,000 oz of gold resource in about a 500,000 ton resource block, building towards a future 43-101 report. Additionally the program will allow Mexus to begin initial mine plans. Mexus will release assays throughout the 4th Quarter as they become available. The program is expected to cost $ 250,000.00US all in. Mexus Gold US President Paul Thompson stated “we are excited for our shareholders to see core drilling activity starting on the Julio and Mexus believes the potential exists for a much larger resource”.
Would be sweet to have some positive momentum for once. Perhaps some exciting weeks ahead await us. Go Mexus!
It's almost a religious experience.