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I did not create test mining Rules exceptions in 1934 but you have denied they exist as placements by accredited investors ( and 35 others same offer) nor have I ever filed with SEC using them. Make up up all the silliness you desire but just finally admit the rule
( old and current) guides exceptions do exist and you have been posting in error a very long while. So do the rule exceptions exist however a a test mining corp wishes to use them? Horse died voluntarily in 2019 I recall.
Have exact 2,311,475 will go for .04 and finally green this decade now. Has a history. Sponsored a NASCAR driver then. A BAD one but swell guy. 8.
All's mentioning gold sale is YOU. Mining ops has MANY salable items prior to refined pours. Placer is not pour. Sand gravel and even tailings come to mind. If you ever knew Ken as I? He was finding "valuable"
tailings PT trucked in for experimental floatation tank PT constructed. Proved worthless except for that SEC blurb
"While the Company is in the exploration stage we are earning revenue from placer operations and EXPERMENTAL MINERAL PROCESSING to help fund our exploration activities."
So during a JV perod we KNOW from pictures, and I was there to see and handle, poured lots of silver and even stolen and recovered gold? TOTALLY NO "GOLD SALE" mentioned! HOWS ZAT WORK. Might that be test mining exception to expense costs? 8
Did that horse move? Beat it again.
"Don't look now, but I see revenues listed in those 10Ks referenced"
.
Aren't we missing "gold sales" somewhere? You can just make it up yoself?
It's been EXPENSED to cost
Then thar is "PLACER AND EXPERIMENTALMINERALS "???? revenue. funding costs.
"2013, we had revenues of $1,158,742 compared to $239,911 for the year ended March 31, 2012. We recorded revenues of $1,419,653 for the cumulative period from September 18, 2009 (Exploration Stage Re-Entry) through March 31, 2013.
The revenues of $1,158,742 for the year ended March 31, 2013 are from our gold mining operations in Mexico. While the Company is in the exploration stage we are earning revenue from placer operations and experimental mineral processing to help fund our exploration activities.
The revenues of $239,911 for the year ended March 31, 2012 are from our mining and salvage operations".
WHAT, no "GOLD MINING SALES"? Just revenue unclaimed?
Operating Expenses
Total operating expenses increased to $5,459,567 during the year ended March 31, 2013, compared to $1,698,898 for the year ended March 31, 2012. Total operating expenses for the period from September 18, 2009 (exploration stage re-entry) through March 31, 2013 were $9,940,802. The increase in operating expenses for each of these periods was due to our expansion into the mining operations through the exploration activities of our properties, bad debt expense, stock-based expenses and impairment of mineral property. These were off set with a gain of $283,715 on the settlement of debt during the year ended March 31, 2013 compared to $0 during the same period in 2012. During the year ended March 31, 2013, we settled various advances, notes payable and accounts payable with shares of our common stock.
Other Income (Expense)
We incurred $32,611 of interest expense during the year ended March 31, 2013 compared to $52,945 during the same period in 2012. The decrease is attributable to a decrease in our borrowings during the year ended March 31, 2013.
Liquidity and Capital Resources
At March 31, 2013, we had cash of $104,701 compared to $0 at March 31, 2012. This increase in cash is primarily due to REVENUE and the issuance of notes payable and shares of common stock."
Is that Revenue from "GOLD"? Never mind just make it up. SEC wont care.
"The Company relied upon the EXEMPTION PROVIDED BY RULE 506 of the Securities and Exchange Commission in connection with sale of the securities described above. The persons who acquired these securities were sophisticated investors AND WERE PROVIDED FULL INFORMATION REGARDING THE COMPANY'S BUSINESS AND OPERATIONS."
Entire long bd denial was first the Rule exemption exists and that a non resource test miner CANNOT claim gold sales as an asset. MUST be called something other than an asset and usually an expensed cost. Then as now even gets called "Gold Medallions". Come on, man!
"I see another straw man has been created. Or perhaps this one is more of a Red Herring since PR language from another mining company has been referenced to confuse the issue."
Unlike what keeps being posted with no cites as an opinion not fact? There has been no change at all to the old Test Mining Rule Exception. It's shown plainly BY NAME in the Dec SEC filing for GORO spin off became this month FRTT. A new OTC TEST MINER using pvt placements for accredited investor financing. If straw man? Well muscled to disprove all claimed here as impossible for years. An OTC Test miner doing well with NO PROVEN RESOURCES which are to be proven by test mining drills for continued production. Why no change?
"It should be noted that both Guide 7 and the new rules require a registrant to have disclosed mineral reserves in order to describe itself as being either a development or production stage company, regardless of whether the registrant is actively constructing a mine or operating a producing mine. Guide 7 does not discuss the characterization of individual properties, or distinguish between properties of a registrant that are at different stages of development."
"Mexus repeatedly chose to report gold sales as revenue in it's 10-K."
Find me Mexus San Felix gold sales 2013-14 not expensed as construction/exploration cost as you claim. Fact not endless opinions
FORM 10-K
(Mark One)
[X]
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended March 31, 2013
n November 1, 2012, Mexus Gold US and Mexus Gold Mining entered into a Joint Venture Agreement, for a term of fifty years, with Minerals La Negra S. de R.L. de C.V. and Trinidad Pacifica S. de R.L. de C.V. (“Participants”). The Participants agreed to contribute to the Joint Venture certain mining concessions located in the Municipality of Caborca, Sonora, Mexico. In exchange for the mining concessions described above, the Company agreed to provide $1,500,000 in operating advances to the Joint Venture within 30 days of execution date of the Joint Venture Agreement and issue 1,000,000 shares of Mexus Gold US common stock which were valued at $400,000 ($0.40 per share) to the legal representative of Minerals La Negra S. de R.L. de C.V. and Trinidad Pacifica S. de R.L. de C.V. Mexus has accounted for the acquisition of and the Participant’s interest in the mining concession as an asset acquisition. The Joint Venture is consolidated as the Company appoints two of three members of the Administrating Committee of the Joint Venture, serves as the operator of the Joint Venture and receives 60% ownership of net revenue from the mining concessions presently under production and extraction operations. Once the Joint Venture has repaid all debts and provides sufficient net profits in the opinion of the Company, as operator, the interest will revert to 51%.
Exploration and Development Costs
Exploration costs incurred in locating areas of potential mineralization or evaluating properties or working interests with specific areas of potential mineralization are expensed as incurred. Development costs of proven mining properties not yet producing are capitalized at cost and classified as capitalized exploration costs under property, plant and equipment. Property holding costs are charged to operations during the period if no significant exploration or development activities are being conducted on the related properties. Upon commencement of production, capitalized exploration and development costs would be amortized based on the estimated proven and probable reserves benefited. Properties determined to be impaired or that are abandoned are written-down to the estimated fair value. Carrying values do not necessarily reflect present or future values.
MEXUS GOLD US
(An Exploration Stage Company)
CONSOLIDATED STATEMENTS OF OPERATIONS
(Audited)
For the Period from
Exploration Stage re-entry
Year Ended
Year Ended
(September 18, 2009) to
March 31, 2013
March 31, 2012
March 31, 2013
REVENUES
Revenues
$ 1,158,742
$ 239,911
$ 1,419,653
Total revenues
1,158,742
239,911
1,419,653
Expenses
General and administrative
898,768
705,080
2,767,763
Bad debt expense - related party
240,673
-
240,673
Exploration costs
3,281,234
561,926
4,110,814
Stock-based expense - consulting services
823,504
303,619
2,486,286
Impairment of mineral property
339,664
-
339,664
Loss on sale of equipment
159,439
128,273
279,317
Gain on settlement of debt
(283,715)
-
(283,715)
Total operating expenses
5,459,567
1,698,898
9,940,802
OTHER INCOME (EXPENSE)
Interest expense
(32,611)
(52,945)
(115,576)
(32,611)
(52,945)
(115,576)
NET LOSS
(4,333,436)
(1,511,932)
(8,636,725)
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended March 31, 2014
[ ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Exploration and Development Costs
Exploration costs incurred in locating areas of potential mineralization or evaluating properties or working interests with specific areas of potential mineralization are expensed as incurred. Development costs of proven mining properties not yet producing are capitalized at cost and classified as capitalized exploration costs under property, plant and equipment. Property holding costs are charged to operations during the period if no significant exploration or development activities are being conducted on the related properties. Upon commencement of production, capitalized exploration and development costs would be amortized based on the estimated proven and probable reserves benefited. Properties determined to be impaired or that are abandoned are written-down to the estimated fair value. Carrying values do not necessarily reflect present or future values."
About enough unproven nonsense?
Let's see. Msg bd experts still not aware no drill proven resource
test miners have a long proven Guide rule exemption allowing
placement financing
"Fortitude Gold spin off Gold Resource Corp
"Item 3.02. Unregistered Sale of Equity Securities.
On January 7, 2021 the Company sold 500,000 shares of its common stock to a group of private investors for $500,000 ($1.00 per share).
The Company relied upon the EXEMPTION PROVIDED BY RULE 506 of the Securities and Exchange Commission in connection with sale of the securities described above. The persons who acquired these securities were sophisticated investors AND WERE PROVIDED FULL INFORMATION REGARDING THE COMPANY'S BUSINESS AND OPERATIONS."
"There was no general solicitation in connection with the offer or sale of these securities. The persons who acquired these securities acquired them for their own accounts. The certificates representing these securities will bear a restricted legend providing that they cannot be sold except pursuant to an effective registration statement or an exemption from registration. No commission was paid to any person in connection with the sale of these securities."
"Proceeds from the PRIVATE PLACEMENTS will be used to increase the Company's 2021 EXPLORATION BUDGET for its Nevada Mining Unit. The Company is moving forward to obtain regulatory approval to publicly trade on the OTC MARKETS QB MARKET."
But are advised to tear up 19 of 20 certs when it's Transfer Agent who reduces the shares by 20 on R removal and means will never have ANY return on those 19 certs at a time may be Broker deposited. And that's fun? Insane stuff!
"Remember you need to take 19 of every 20 of those "Dusty Drawer" Certs and tear them up"
"Finding out?" You're kidding. Last time TDAmeritrade accepted R shares for conversion was late 2013. They are issued under your non-existing Guide Rule test mining exception and referred to as "Dusty Drawer" for good reason. Bit like the old Sears "wish book" to come next Xmas from ma and pa. No shame involved as my decision alone.
Topical background for a long time says my 2019 Birthday meeting in Reno should be SEC prosecuted as illegaL. Well, whadda ya know! Seems private placements among accredited investors is still the SEC APPROVED RULE EXEMPTION means of funding OTC test miners with no proven resources. That's real proven fortitude for yas!. Dissension yet in the ranks?
Fortitude Gold spin off Gold Resource Corp
"Item 3.02. Unregistered Sale of Equity Securities.
On January 7, 2021 the Company sold 500,000 shares of its common stock to a group of private investors for $500,000 ($1.00 per share).
The Company relied upon the EXEMPTION PROVIDED BY RULE 506 of the Securities and Exchange Commission in connection with sale of the securities described above. The persons who acquired these securities were sophisticated investors AND WERE PROVIDED FULL INFORMATION REGARDING THE COMPANY'S BUSINESS AND OPERATIONS."
(Happy birthday ta me!)
"There was no general solicitation in connection with the offer or sale of these securities. The persons who acquired these securities acquired them for their own accounts. The certificates representing these securities will bear a restricted legend providing that they cannot be sold except pursuant to an effective registration statement or an exemption from registration. No commission was paid to any person in connection with the sale of these securities."
"Proceeds from the PRIVATE PLACEMENTS will be used to increase the Company's 2021 EXPLORATION BUDGET for its Nevada Mining Unit. The Company is moving forward to obtain regulatory approval to publicly trade on the OTC MARKETS QB MARKET."
gitreal Member Level Friday, 09/27/19 05:28:59 PM
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We, some few been around too , wondered in Reno party for 25 and SEC RULE Informed Investor brief by CEO.
I would like to hear more about this private briefing from the CEO and the SEC RULE that allows it. Informed Investor? Sounds intriguing.
1manband Wednesday, 10/02/19 12:23:28 AM
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That disclosure is a CLEAR violation of SEC Regulation FD.
It doesn't matter if all the people in attendance were accredited investors (which I HIGHLY doubt - did Mexus go through the legally required verification process for each person?). Disclosing such information selectively is illegal.
I will be sure to pass this information on to the regulators. I am sure they will be quite interested in the additional information.
gitreal Member Level Wednesday, 10/02/19 12:36:01 AM
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Very interesting indeed.
So, at the private briefing last week, PT told the select group of investors that two of the three Power Up notes were paid off, just leaving the $42K one. This brings up so many issues.....
Where's the 8K or PR announcing the notes being paid off? Someone (Mz. Ellie or maybe Dino) was adamant that nothing that was said in the meeting didn't also get announced in the PR that preceded the meeting. Guess that wasn't true, was it? What else was said that was not otherwise PR'd?
Why do 25 carefully screened investors get to know this, and all other investors do not? That means the 25 are at an advantage over all other investors. I think the phrase for that is "selective disclosure".
And, are we now to assume it is true because an Accumulator says it's true? Where'd the money come from to pay off the notes early - that is a helluva big payment, with the penalties included. How much was paid? When was it paid?
gitreal Member Level Wednesday, 10/02/19 01:57:45 PM
Re: Miz Ellie post# 32685 0
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So...I am posting to set the record straight that ALL were invited to the meet and greet!
Nope. Please link to a PR, a filing, a tweet, anything where Mexus invited investors to a 2-hour briefing by the CEO.
A birthday party for an investor where the Mexus CEO happens to show up and selectively disclose material information......is problematic.
gitreal Member Level Wednesday, 10/02/19 03:02:24 PM
Re: OJSIMPSON2017 post# 32688 0
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Why would I be "worried"? I will be surprised if they ever report gold sales that approach anything close to operating costs.
By the way, did you know about the supposed payoff of the two notes? Do you think it doesn't matter that only certain investors were told about this?
1manband Wednesday, 10/02/19 08:27:19 PM
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This is a Regulation FD violation. Mexus is selectively providing material information to some shareholders and not others. That is ILLEGAL.
And it doesn't matter one iota of the audience is "informed investors" - whatever that BS means.
I suggest Mexus consult someone who has even a little knowledge of securities laws and regulations. Perhaps a member of the Board of Directors? Oh, wait - there isn't one. Perhaps the CFO or Corporate Secretary? Oh, wait - there aren't either one of those, either.
So I guess perhaps PT should read the law for himself. Note the "person acting on its behalf" clause. That person does not need to be an employee or paid consultant, BTW.
https://www.sec.gov/rules/final/33-7881.htm
:Regulation FD (Fair Disclosure) is a new issuer disclosure rule that addresses selective disclosure. The regulation provides that when an issuer, or person acting on its behalf, discloses material nonpublic information to certain enumerated persons (in general, securities market professionals and holders of the issuer's securities who may well trade on the basis of the information), it must make public disclosure of that information. The timing of the required public disclosure depends on whether the selective disclosure was intentional or non-intentional; for an intentional selective disclosure, the issuer must make public disclosure simultaneously; for a non-intentional disclosure, the issuer must make public disclosure promptly. Under the regulation, the required public disclosure may be made by filing or furnishing a Form 8-K, or by another method or combination of methods that is reasonably designed to effect broad, non-exclusionary distribution of the information to the public."
manband Wednesday, 10/02/19 11:22:10 PM
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On the contrary, my post refers to much more than just the meeting.
Paul Thompson has regularly provided selective disclosure to certain individuals who have disseminated that information to certain people in a private forum. Both are clear violations of Regulation FD.
That is just one of many SEC regulations and securities laws that Paul Thompson, and the company since he is the sole officer and director, violates on a regular basis.
Well now we know the great concern. SEC Division of Beverage Clothing AND MINING (aint that cute) have been laughing heads off
last 54 months of
"dishonest company PR's, phony titles and deceptive assay numbers"
with no comments whatsoever. Takes a real investigator on this message board to pin them to the mat. Congrats. Gold Star award with Brownie Points attached.
Sorry to say never attended a VFW, American Legion or even Disabled American Vets meeting tho a Life Member since 1977 when a great Service Officer visited me at the Neurosurgery Ward Lackland USAF Hospital where I spent 9 months in start of getting our life back together next 4 years of administrative court decisions with finally 100% Combat Disability permanent retirement.
Is that called affinity? News ta me feller but I'd not advise the pathway it all took. From Regular USAF Officer on Flight Status to life on 1/2 base pay, ate beans till one -court case decided Social Security disability kicked in after 2 years and we could live more than month to month and breath again.
But that's now 45 years behind us. Now where were we? Oh yeah. seems no SEC concerns since this. Does he seem "Sincerely" angry at the lies and deception? But seems some know better. Bring it up at the next VFW meet?
September 26, 2016
Via E-mail
Mr. Paul Thompson
Chief Executive Officer
1805 N. Carson Street, Suite 150
Carson City, NV 89701
Re: Mexus Gold US
Form 10-K for the Fiscal Year Ended March 31, 2016
Filed July 27, 2016
File No. 000-52413
Dear Mr. Thompson:
We have completed our review of your filing. We remind you that our comments or
changes to disclosure in response to our comments do not foreclose the Commission from taking
any action with respect to the company or the filing and the company may not assert staff
comments as a defense in any proceeding initiated by the Commission or any person under the
federal securities laws of the United States. We urge all persons who are responsible for the
accuracy and adequacy of the disclosure in the filing to be certain that the filing includes the
information the Securities Exchange Act of 1934 and all applicable rules require.
Sincerely,
/s/ John Reynolds
John Reynolds
Assistant Director
Offices of Beverages, Apparel and
Mining
Real hard to see where much comes from or going to. Genuine straw man factory, hard to see who's next at bat xept Buddy Ebsen . Long as most anti Mexus is coin of realm. Contract CEOs work for nothing with details excluded yearly. Got it! Let's roast chestnuts while we got the fireplace running. Funnier and funnier; longer she glows shorter she grows.
Shall we continue to beat the dead horse?
You think a CEO doesn't get paid for corporate governance? Draws a check as agreed despite performance. May be fired for poor performance and get a bonus for good.
"Is that a CEO role?
No. That's a consultant who makes money whether or not the company does. Not even close to the same thing.
Not "close " but exact.. Also exactly as stated
"Some not spring loaded to the negative view could work it put with ease."
Tho we never expect you to see ANYTHING positive in precise worded SEC filing, however Your complaints and answers just might be found in this continuing statement year after year.
"Basis of Consolidation
The consolidated financial statements include the accounts of the Company and controlled subsidiaries, Mexus Gold Mining, S.A. de C.V. (“Mexus Gold Mining), Mexus Enterprises S.A. de C.V. (“Mexus Gold Enterprises”) and Mexus Gold MX S.A. DE C.V. (“Mexus Gold MX”). SIGNIFICANT INTERCOMPANY ACCOUNTS AND TRANSACTIONS HAVE BEEN ELEMINATED"
And your "chestnut " once again just ignored here at will also continues year after year.
"For the year ended March 31, 2020, the Company had recoveries from the sale of gold of $76,287 compared to $0 for the year ended March 31, 2019. SALES OF GOLD ARE REPORTED AS A REDUCTION OF EXPLORATION EXPENSE in the consolidated statement of operations since the Company is in the exploration stage."
Which says Mexus has NOT completed planned activation of the operations
thus no IF involved for a time some of us anxiously await. Wannna pick out another word?
The professor requires all READ to end of SEC filed paragraphs. OOPS... OOPS is below failing for assignment. Grade F MINUS.
Some not spring loaded to the negative view could work it put with ease.
"Employees
We have one employee, Paul D. Thompson, and no employees at this time in the United States of Mexico."
SEC filed paragraph continues.
"Consultants with specific skills are utilized to assist with various aspects of the requirements of activities such as project evaluation, property management, due diligence, acquisition initiatives, CORPORATE GOVERNANCE"
Is that a CEO role?
"and property management. If we complete our planned activation of the operations of the Mexican mining properties, our total workforce will be approximately 20 persons. Mr. Paul D. Thompson is our sole officer and director.
Again, Read up! (to the end)
https://www.bing.com/search?q=corporate+governance+defined&form=ANSPH1&refig=20500da21dfd4f34b0e01409bef3eb26&mkt=en-us&sp=2&qs=SC&pq=corporate+t+governnce&sk=PRES1SC1&sc=8-21&cvid=20500da21dfd4f34b0e01409bef3eb26
Azuka's most likely been out of prison awhile as over 6 years since gold theft used as evidence in old warrant court decision after running once profitable Trinidad San Felix into the ground and began bilking Gringos with the plant seeming a good deal and owed Mexus some $400K he could not pay and last known joined with the family against Oscar who gets very little but promises until the gold sale kicks in. Few here think that will ever happen IAW daily anti Mexus posts. Lemas has been contracted geologist off and on since 2011 until became Mexus Mexico CEO. Mable property is Mexus owned just since early 2018 just over 2 years. In all seems none here are anywhere near correct so I'd advise all READ UP!
"Ken, the dude who wound up in jail. I hope he managed to stash away a few dollars."
"Lemas has done pretty well for himself. A decade of providing crappy mining leases to Mexus (paid for by investors).
And the ranch owners have done okay."
The digested run on sentences story since early 2011 Elena under Mexus contract.
Round N round she goes
I'm in charge of Mexus SEC filing past or present? Get another patsy may be someway involved. All I've ever done is point out the 87 year Test Mining exception as SEC does not cover since no proven resource so is a Guide EXCEPTION (look that up). Sorry there has been NO change in what SEC does not allow as gold revenue as an asset claimed since 1934. How is presented in filings is NOT MY decision and sure the heck yours either. ALL Mexus alone and has been NO SEC comments or do you see some of recent?
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001355677&action=getcompany
exception
[ik'sepSH(?)n]
NOUN
a person or thing that is excluded from a general statement or does not follow a rule.
"the drives between towns are a delight, and the journey to Graz is no exception" · [more]
synonyms:
anomaly · irregularity · deviation · special case · departure · inconsistency · quirk · peculiarity · abnormality · oddity · misfit · freak
. One sure thing 10Q proved is the Test Mining Guide exception way to expense gold sales. Now do you all finally believe it exists? Probably best reason to never listen to any claim it doesn't exist beneath SEC proven resource rules. What ever became of " I make my own OTC decisions and will blame none for the wrong ones." Lots of blame game here we see daily in small OTC apparently working hard to survive. Sure no assist but many losing much more this point are not the whiners. Any can join Blog's Forum "Other Companies" BTW is full of OTC winners of late.
"Exploration and Development Costs
Exploration costs incurred in locating areas of potential mineralization or evaluating properties or working interests with specific areas of potential mineralization are expensed as incurred. Development costs of proven mining properties not yet producing are capitalized at cost and classified as capitalized exploration costs under property, plant and equipment. Property holding costs are charged to operations during the period if no significant exploration or development activities are being conducted on the related properties. Upon commencement of production, capitalized exploration and development costs would be amortized based on the estimated proven and probable reserves benefited. Properties determined to be impaired or that are abandoned are written-down to the estimated fair value. Carrying values do not necessarily reflect present or future values.
How many facts to disprove a post full of opinionated falsehoods? Arizona IS noted for mica digs long past.
https://www.bing.com/search?q=arizona+mica+mines&qs=n&form=QBRE&sp=-1&ghc=1&pq=arizona+mica+mines&sc=1-18&sk=&cvid=430D1C005556414B8F90AA7CB382934C
I'd REALLY advise to read up on very basic gold geology like metamorphic
rocks. Then you mine ore for mica just like gold ore for gold . It was your "tripe" swipe. (menuido is a mole with chilies but is NOT chile) and has gotten too too silly confused to go on. Google away. Try what caused Mojave-Sonora megashear on which Elena resides .
Cataclastic Or Mylonitic Metamorphism
The other way in which metamorphic rock is created is through extreme pressure, and this pressure must be so great as to exceed 100 megapascals of force. Within the Earth’s crust there are tectonic plates which move and shift. Where these plates meet, there is often a great deal of friction. These faults or cracks create a huge amount of force when the plates rub against one another. This shearing and crushing of the plates is the main cause of cataclastic metamorphism, and results in rocks with very small, broken down particles. Mylonitic rocks are produced by way of the same process, but where the particles undergo so much pressure that they are milled into tiny grain sizes.
Humm. Could not google senicite by self? sent along the answers. Grand Canyon has great mica diggings. Used in classic wood stoves like Ashley a bunch.
Ask silly questions might get tripe for supper. Here bouts called spicy menudo for hangovers.
https://www.bing.com/search?q=spicy+menudo+homestyle+recipe+-+Bing&form=ANNTH1&refig=bbc42a74a30d47a59c6037dc4614b110
"Molten inflow? Is that how the gold gets into the rocks? Learning something new here all the time.
What the hell is a "detachment structure mineral"? And I sure would like to see boxwork filled with sericite and oxide. The oxide I understand.....the sericite, not so much."
We realize you seem to understand very little of past cataclysmic events like intense heat molten inflows caused by Mojave-Sonora megashear so sent along definitions and pretty pictures of boxwork as well. Elena sits on same geologic faulting easily seen as Herradura and Noche Buena like or not. Mica BTW is them "Isenglass winders you can roll right down"
"Why are mica curtains called ISINGLASS windows?
Because these thin sheets were transparent, they were called isinglass windows. Mica is also heat resistant, so sheets of mica were used to make isinglass curtains for lanterns and stoves. After the invention of electricity, isinglass was used to make lamp shades because it is also resistant to electricity."
Did you miss this drill result? Their stated intent to we Argonaut owners was to drill no high grade veins but hit one by mistake later twinned by Mexus.
"Argonauts 2015 limited drilling program intercepted this zone from 32 to 45 meters in depth with an average grade of 1.05 g/t Au." As we note, "lots going on".
Re: Feb 1
Post by 8thaero » Sat Feb 06, 2021 3:27 pm
"Then why isn't the shaft being mined?"
PR says there 1s unusual geology seen of sericite and oxide boxwork which comes from water borne removal not molten inflow so is old stuff
with visible gold left light stuff eroded away. Holes may be test assay drills not all blast as a whole bunch a long ways down hill to leach pads but perhaps do count 250 as PR says . View is down hill from Julio shaft over burden getting removed and vein runs above another 800 meters all way to well known white scar on hill top which aint no fake legend. New pad seems a clean level stack on right side back of the loading area. Any place ya look lots going on. 8
http://mexusgoldus.com/mexus-continues-to-meet-its-production-goals-at-santa-elena-mine-mabel-property-report-being-updated/
https://en.wikipedia.org/wiki/Sericite
Burr in the blanket is one deluded gringo in Arizona has forgotten 3 of us on video went into Ken's tunnel in early '13 when the bucket hoist meant we had no need for series of flimsy 15' ladders to the bottom. Exactly as he had described to us in the San Felix office. SCARY as hell to imagine he and a loader working there in poor light and ventilation. We chipped off mine face samples of very high grade NOT found on ebay and had the same thin whispy gold threads to the face wall as Ken and the brothers described. Hard to delude way down below. Sure no copper mine pit look to the sky impressing a lad in Arizona. eh? Some of us been round a bit. Julio shaft visit is why we are still here.
Unusually amazing what can be seen from the basement. Odd, very odd. Now who's the funster who penned this.
"great gold finding company"
Just when was Mexus that? Best I could say was when decision made to sell depleted Trinidad for $4 mil and take own good working equipment back to Elena and seek SEC approved pvt placed funding for explore and develop in late 2013. Been a long toxic road since such dried up in dusty unsold drawers.
Speak of actual seeing? On my Trinidad '12-'13 visits as a well respected boots on successful investor it was difficult not on to see the actual fear in Ken's' eyes when he described the Julio underground hand tool operation following a shoulder wide rich vein for his grubstake a black African accountant could find nowhere else. His red rimed eyes of an obvious cocaine user we were weeping as he daubed with a medicated cotton swab. Kinda eerie! Not too many spots I'm called a dunce and THIS easily defrauded gringo was an assist in the theft recovery with zero loss while off to jail with him for doing just that to others for years. All that proves my case for truth unlike what's posted here. Plan is to hang as such a long time yet. Any checked my 2003 discovery GSPG now LODE up 122% recent?
Why not ask old buddy Julio B (Garcia) who went to get his old detector and walked behind us in the fresh dug placer trench? Also entire family told us the Azuka $3 mil haul out of Julio lease Next or FIRST visit ask paid 3rd party geologist to support any part of current Fresnillo local pit Alaska online gold product in billions. Weird stuff from the go. But
dream on. We're all hooked on the funny stuff goes up in smoke here.
Notice how the fantasy gets more wild as Mexus increases Elena to profit Feb 1st. When dat? Now even actual gold source known and even channel where Fresnillo's all been purchased 23 years. We may suggest taking that geologist on 1st visit to prove no profitable gold can be recovered from those 6 visible veins well known as no fantasy in Caborca. Oh, ask about Azuka legendary efforts while there amongst them natives so willing to talk. Fact or 2 might emerge in the fantasy long last. Whilst at it tell all how we're dumping shares can't be sold? Odder and odder fantasy.
http://www.fresnilloplc.com/what-we-do/mines-in-operation/herradura/
"You mean in, "as always" since January 1, 2021 when the revised guidelines took efect?(sic)"
Hardly a good read. Changes to filing under new guide allowed and recommended last 2 years. AND they are more relaxed for resource miners with no change for non- resource test mining ( the same exception since 1933) but allows more lenient use of international standards! One major change? It allows resource determination to be made by any with geologic credentials even employee OR owner! So much for paying some 3rd party expert on any visit with youse'll.
"When PT got those Alaskan nuggets from eBay, did he pay for them with company funds? Just curious. Do they count as exploration or development costs?"
Word has FINALLY gotten out La Herradura and Noche Buena have been generating gigantic Penoles profits mining Alaska ebay gold, same source Baltazar family leased stock work alluvial zone for nuggeting decades past until 2011 Mexus contract and brothers made 45% of placer profits until 2014 shut down in family ownership dispute.
Live and learn with pure fantasy sources right here!.
Fact or pure opinion? For one who thinks exploration and development cost are loss? No PM start up mine would ever be built with placements to list resources as assets by continued production drills. As always test mining Guide exception will need to show PM production as expensed items not valued as asset. Have we at least finally learned that much?
Wakey wakey!
"All I know is what I read in the papers"
"Assayed results are showing between .7 to 1.3 g/t Au with approximately 600 tons a day being moved to the crushing plant. Leaching continues to produce .2 to .35 ppm Au at 60 Gpm producing 3 oz per day which is expected to double by February 1st."
In 5 days next 11 months operating in the green? Guess we see come Feb 2nd.
https://www.bing.com/videos/search?q=%22All+I+know+is+what+I+read+in+the++newspapers%22+&view=detail&mid=F2AAE6CDD1FDA4EF044EF2AAE6CDD1FDA4EF044E&FORM=VIRE
So... 3 oz on 19th increasing to 6 in 9 days makes Mexus green and growing? Thanks for the wonderful news! 8
"Leaching continues to produce .2 to .35 ppm Au at 60 Gpm producing 3 oz per day which is expected to double by February 1st"
Isn't question what enrichment comes from private placements no broker will accept? This combat 100% disabled vet aint making gold. Never been in the biz.
Have you checked the mansion district in Walnut Grove lately? Would be
between the Mexus yard (old Paul's Trucks) and his wood frame rambler up on dry stilts and the Chinaman's cafe.
https://www.bing.com/maps?q=13601+e+river+rd+walnut+grove+ca&form=ANNTH1&refig=d266c650581d415e87196d96eda9578b&sp=-1&ghc=1&pq=13601+e+river+rd+walnut+grove+ca&sc=1-32&qs=n&sk=&cvid=d266c650581d415e87196d96eda9578b
https://www.bing.com/search?q=Locke+Cafe+Walnut+grove++c+a&form=ANNTH1&refig=4982c528ff9c4d929afc57e365a0496a&sp=-1&pq=locke+cafe+walnut+grove+c+a&sc=0-27&qs=n&sk=&cvid=4982c528ff9c4d929afc57e365a0496a
Enjoy. Anyone still insist no proven resource Test Mining OTC exception doesn't exist with special revenue disclosure rules with near all costs
expensed and as exploration/development non assets? That was the post not someone's silly brag on other assets. Denial went on near forever then died some strange reason.
"No gold to report, salted leaching pad, no money, machinery down, old leaky liners and l hear no guards because he can't produce any gold....sad so very sad..
Recent events are: Gold sale PRd on 21st agreed was for money, machinery all up recovering increasing leach flow assay ( whatta them nunbers mean?) brand spankin new pad displayed. A name of to who ya tawkin? Friendly game O Gossip down thar? Sadder than just plain old sad. Then this just in
"Gold Resource Corporation completes spin-off of Fortitude Gold Corp as it unveils raft of leadership changes (proactiveinvestors.co
Fortitude Gold is currently waiting on approval from the Financial Industry Regulatory Authority (FINRA) and the OTC Markets Group to begin trading under a yet to be announced stock symbol."
Using only estimated unproven resources as an exploration Nevada Test Miner the Gold Resource spin off reports revenue as limited asset thus
"Exploration Costs
Exploration costs are charged to expense as incurred. Costs to identify new mineral resources and to evaluate potential resources are considered exploration costs."
SUPRISE! Ye Olde Test Mining exclusion even prior to an OTC symbol listing!
How's fer a view basement dwellers never saw. Prior to the 2011 MXSG contract family leased the quartz stock work zone for pvt detectors. Plenty of takers. Any idea at all where it sits on claims? Brothers them selves sectioned areas off by meters and on weekends and vacations worked finding nuggets to pay for their Univ Of Sonora Geology degrees. Professor was Elias Badilla owner of the Ures claims. Sonora has been a tight world of claim owners last century educated to become producers and EXCACT why the bothers want it back so much. Now a full decade of proving it up to begin increasing recovery.
BTW winner in the claim lessors? Ken Azuka as all Caborca is full aware unseen from basement... which has become our own local grown legendary
crew.
Just keep repeating the same tired story loved by all. First, tho? I'd actually READ the PR rather than post same ole nonsense gets tiring.
"Over the past few months the company has replaced the original heap leach pad and added mineralized material from the Mexus III pit. This area has an impressive geological structure as a mixed oxide thrust shear zone with shattered quartz fragments and some quartz stock work near the major quartz vein. An additional 5000 tons of this material will be crushed and ready to leach by January 5th.
Tis Jan 5 and a busy day so, quick like... that "planted nugget" was found in a fresh dug trench bottom from a load being hauled from
"some quartz stock work near the major quartz vein".
Ma Nature being the age old nugget planter. The load of "some quartz stock work near the major quartz vein" was hauled to the placer nugget washer as my find left behind for the next scoop. Washer was a family brothers project and long removed for obvious cause. Means such nuggets will be loaded to the heap for slow leach over much time but still being done. It sure would sure help basement experts to have some knowledge of the claims lay out after years of such posted nonsense. From such a viewpoint is possible to imagine up about anything. Might help see a 7 ouncer Jan 2012 along with all small
grams like mine..
http://mexusgoldus.com/media-gallery/photos/santa-elena-mine-1/
Course we do know Fresnillo lies head off about mining claimed lower assay quality open pit on the same side of old Mega-Shear extends the 20K you drive along easily seen trend beyond Mexus S fence but the heist was same 20 KM closer at OUR Mex 2 Gate! So let's brag on how much we are pullin out daily. Enjoy some watchin Crime Scene Investigation Caborca. LOL.
https://www.mining.com/forty-seven-gold-ingots-stolen-from-fresnillos-mexican-subsidiary/#:~:text=Noche%20Buena%20mine.%20(Image%20courtesy%20of%20Fresnillo)%20Local,subsidiary%20of%20precious%20metals%20miner%20Fresnillo%20(LON%20:FRES).
Jus fer some personal informative edification? GPM flow is GALLONS not grams. No wonder it seems nonsense when nonsense is claimed seen by reader. Enjoy being now correct in vast experienced confusion.
Read up! It oddly says no money to come from refinery gold sales just continued toxic notes. NEVER any revenue means taking on discounted shares forever in some fashion. I do call that weird. Curious and curiouser. No cents and nonsense.
"It is quite clear that Mexus will never be able to stand on its own without those toxic convertible notes"
Is THAT a fact? Some read 225 oz sold Mon which is unknown clearly NOT a fact. So now your read is refinery credit will be in convertible notes taken not cash to Minden BoA? Go talk weirdness on them other miner's chat boards. We've a season's blessings full here.
"Mexus on the other hand... will never be able to stand on its own without those toxic convertible notes"
You mean I was incorrect to think a producing gold mine is going to sell gold at some time in continuing production announced? Well, thinka that! BTW, forget already it reports as reduced expense not an asset since a test miner Industry Guide exception and is not just some Caborca planted nugget local legend. Refiner is in LA not Mayberry, doncha kno! Wrong coast. Go west my man.
Sure that's what it says? SEC don't issue proposals it asks for them . Less info than PR which says
"("Mexus" or the "Company) announced that on Monday, December 21st, the company will sell its initial production of gold from recent efforts at its Santa Elena mine located in Caborca, MX. This initial sell is on time and will meet the company's initial goals for implementation of its mining plan. Mexus expects production and sales to increase every two weeks moving forward with additional confirmations to follow
Which is saying sales of product bi-weekly increasing 2021 SOURCE OF CASH as I read it. Got another deciphering? And it says somewhere 225 oz? Both must need new specs. Perhaps have discovered the years long problem on this board? There an optometrist around?
Why isn't the question who's taking the ask in 10k-50k BUYS? While I'm here:
Just a note to any honest shareholders. Prior to entry to the Wasteland ( see T.S. Elliot, 1888-1965) to view Mexus future, I'd strip a few leaves off a Golden Bough and assure my safe passage learned the hard way through the underworld daemon's horrors. Should be a perm posted warn.
Not familiar with GOLD CONCENTRATE? Where have ya been last 5000 years?
Stork doesn't drop it down the chimney, ferget yer mommy. Less ya just pick it up in some easily planted dry wash? Someone concentrated it for smelting in refining process.
https://www.911metallurgist.com/equipment/gravity-separation/