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Nice post, belgie Our time to shine might have come.
Hey, we will at least beat those 8 ounces
CABORCA, Mexico, June 25, 2018 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced that on 6/21/18 the company began the leach process using the VAT system with ore mined from the 8 Brothers/370 project. Cesar Lemas, Mexus expert, states that results have been encouraging with readings from the pregnant solution showing 1.2 grams Au and 14 grams Ag in the first 48 hours. It is expected that values in solution will reach 5 grams Au with Ag values being much higher. Leaching will continue until recoveries have leveled off and begin to show a downward trend at which time the pregnant solution will be drained into a holding tank awaiting the next steps in the gold recovery system.
Better than nothing.
2 billion shares ?
Well, don't take it for granted, lol, but we can always hope.
Some news out
CABORCA, Mexico, June 18, 2018 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) gave an update on progress at its 8 Brothers/370 gold project. The company has completed the crushing and loading of ore into the VAT leaching tank. Mexus is currently running tests on the crushed ore to assure the proper leaching solution is used. It is expected that this work will be done in the next few days with leaching commencing upon completion of these tests.
“We have all the necessary equipment and chemicals on site to begin leaching when tests are complete. The results of our first leach will give us a base line going forward as we work to improve recovery rates. This first test will produce gold and silver and will be the beginning of positive cash flow.” added Mexus CEO Paul Thompson.
Why buy at all if they are a joke? And why would it be 0,0001 next week?
Great. Some action at last.
Sure does. One big buyer or one big seller will cause havoc or euforia. if the Company is free of debt(?) now, that's a good thing. Maybe more good stuff will come in the not too distant future. We kind of deserve it.
Lol. Yes.
I suspect we will drop bback Before the day is done though. But still, maybe things will move upwards soon again.
It feels better when the graph goes in that direction…. Hope it continues
Ooops, nice bump
Thanks for the update, penywoo
Heavy action today...
Wretched year this has been. Here's to better Mexus Days ahead!
Hey, we can always hire Todd Hoffman to do the work for us
Brutal and painful, I know
Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced today that MexusGold Mining SA De CVA, a subsidiary of MexusGold US, is terminating its joint venture agreement with MarMar Holdings. The agreement outlined the contractual obligations at the Santa Elena project in Caborca, Sonora State, Mexico. The decision to terminate the agreement was made due to MarMar’s lack of funding for the project, non-compliance with various aspects of the agreement, and their inability to meet environmental standards at the site. Lack of funding by MarMar resulted in a disappointing 8.5oz Au produced in the last 22 months. The agreement stipulated that MarMar was to provide the funding, equipment, and fully operate the mine. Unfortunately, this did not occur.
Mexus will move forward with the proper equipment and personnel at the Santa Elena project. Mexus President Paul Thompson states that the company has contracted with a security firm to provide 24-hour services at the mine site. There is equipment on site to produce 500 tons a day and plans are in place to begin hiring staff with production beginning shortly thereafter. In addition, safety fencing will be installed and required site clean-up will occur that will satisfy any environmental concerns at the property. Two separate parties are running tests on the heap leach pad to determine the next steps to allow for recovery of gold and silver within the system.
Using previously developed geological mapping the company plans to mine the Julio quartz vein and the adjacent shear zone via open pit mining. The existing Julio vein, with depths to 30 meters and widths from 1 to 4 meters, has values ranging from 1.5 to 186 grams Au per ton. The adjacent shear zone carries values from .5 to 17 grams Au per ton. Mexus estimates that the shear zone will average 2.5 grams per ton gold equivalent with the Julio vein values being much higher. Additional equipment will be purchased which will enable the company to increase production to 1000 tons a day and beyond. The company will announce a non-dilutive capital raise plan in the very near future.
Lead geologist for Mexus MX, Cesar Lemas, announced that progress at the 8 Brothers project has slowed due to holidays in Mexico and the recent developments at the Santa Elena mine. All the necessary equipment has arrived at the mine site including the large VAT gold recovery tank. It is expected that installation and set-up of all systems will be completed by June 1st, 2018. Mr. Lemas continues to assay material from the mine site showing 3 to 12 grams per ton Au and 30 grams Ag which should equate to excellent returns once the system is operational.
Using previously developed geological mapping the company plans to mine the Julio quartz vein and the adjacent shear zone via open pit mining. The existing Julio vein, with depths to 30 meters and widths from 1 to 4 meters, has values ranging from 1.5 to 186 grams Au per ton. The adjacent shear zone carries values from .5 to 17 grams Au per ton. Mexus estimates that the shear zone will average 2.5 grams per ton gold equivalent with the Julio vein values being much higher. Additional equipment will be purchased which will enable the company to increase production to 1000 tons a day and beyond. The company will announce a non-dilutive capital raise plan in the very near future.
Lead geologist for Mexus MX, Cesar Lemas, announced that progress at the 8 Brothers project has slowed due to holidays in Mexico and the recent developments at the Santa Elena mine. All the necessary equipment has arrived at the mine site including the large VAT gold recovery tank. It is expected that installation and set-up of all systems will be completed by June 1st, 2018. Mr. Lemas continues to assay material from the mine site showing 3 to 12 grams per ton Au and 30 grams Ag which should equate to excellent returns once the system is operational.
So instead of half a mine, we now own 100% of a mine? Well, it sure felt MarMar wasn't doing much to improve things. June 1 is not very far away.
Thanks, penowoo.
California dreaming
For real? Just wondering. Happy if true.
Aha, thank you, sir. Good to know.
That would be awesome. Hope it comes true. Say, I don't know if it has been said previously, maybe, but how long is a leaching cycle on average? I guess I can always try and google it. Have a nice weekend all.
Has the first VAT crossed the border? Or is it waiting? Just wondering.
Talk about a one-two punch if we are that fortunate. You never know, it could happen. But as long as progress is being made, slow or fast, we should be rewarded if that progress continues next time they update. Bottom could very well have been seen. Hope so.
Ahhh, a sigh of relief. Things are moving forward. Hope it continues. Good.
Ha ha, that was actually quite funny. You know, I once played a few hands of poker with your buddy, Kato Kaelin
Thanks for the update. Much appreciated!
Well, we wait for production numbers. That is what it takes. If one believes they will be positive soon, then it its a very good time to buy. if one is convinced they will be bad, then it is not a good time to buy. That is a process that will take some time, which we have noticed. If things move in the right direction next update, no one will complain. So fingers crossed for that.
Imagine the relief rally once/if things are solved and working. That will be a thing of Beauty.
No monkey business..
Mexus releases report on Ures property showing high grade gold; Santa Elena update
March 05, 2018 03:01 ET | Source: Mexus Gold US
CABORCA, Mexico, March 05, 2018 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) released a report written by geologist Cesar Lemas on its Ures property located near Hermosillo, Mexico. The preliminary geological report details initial sampling done on the properties 3 concessions- 370, 8 Brothers, and Scorpio.
Assaying done at the 370 concession, which Mexus will initially mine, showed promising results. The tests were highlighted by 3 samples showing 9, 47, and 10 grams of Au each with 41, 33, and 8 grams Ag as well.
The report is highlighted with the statement that all 3 concessions could contain porphyry type systems. Mr. Lemas added, “Additional drilling should confirm the extent of these porphyry systems. I’m thrilled that Mexus has 3 high grade systems within close proximity to each other. The company will be able to expand its geological reporting as we build out the initial mine.”
The heap pad at the Santa Elena project continues to leach with processing to occur in the near future.
Ures report found here
As soon as that salt thing is over, you might be proven right on that remark.
Dutch, I seem to recall that is written at the very end of one or two of the recent press releases.
Thanks wxdog!!
Kind of like this part: "He feels this has fixed the recovery problems and has restarted the leaching of the pad".
It almost sounds an easy problem to solve
Could use me some good news. Horrible weekend. Ugh. Go Mexus!!!
Good to see some Pictures.
Thank you, Iceman.