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Any thoughts on what the average grade will be? Surely, well above 1g?
NEWS out!
https://ceo.ca/@nasdaq/mexus-gold-production-at-its-santa-elena-mine-improving
CABORCA, Mexico, June 14, 2021 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that leaching recovery and mineral quality continue to improve at its Santa Elena mine located in Caborca, MX. Actual pad returns are up to 1.7ppm with 5 g/t head values potential. Leach flow is currently 60 gpm and the pad is currently being expanded with the of new high grade mineralized material from vein 2. The material is averaging 6.5 g/t Au and 107 g/t Ag. The company is processing 300 m3 per day yielding 5 to 6 oz gold in carbon columns. Gold sales will support continuing operations and expansion of the heap leach area as the mineral supply now supports it.
Exploration company’s proposals are being welcomed as the project deserves an exhaustive evaluation of the evident mineral potential.
NEWS out.
Blasting permit received; Mexus prepares to run high grade material at Santa Elena mine
News out. Perhaps one of the will bite
The most successful person ever involved with Mexus is Ken, the dude who wound up in jail. I hope he managed to stash away a few dollars.
Haven't they sold already?
Great start nevertheless.
CHECK THIS OUT !! Great Spin off news !!
Colorado Springs, Colorado – January 27, 2021 – Fortitude Gold Corp. (the “Company”) today announced preliminary 2020 year-end and fourth quarter production results. The Company produced 29,479 ounces of gold for the 2020 production year, including 12,732 ounces of gold during the fourth quarter, a 62% gold production increase over the prior quarter. Fortitude Gold is a gold producer, developer, and explorer with operations in Nevada, U.S.A.
Preliminary fourth quarter production totaled 12,732 ounces of gold, a gold production increase of 62% over the prior quarter during the Isabella Pearl Mine production ramp up. During the fourth quarter the Company regularly accessed higher grade portions of the Pearl zone, while also continuing to mine the lower grade Isabella zone. The Isabella Pearl mine produced 29,479 ounces of gold during the 2020 production year and is positioned to produce its targeted 40,000 ounces of gold (a range of 36,000 to 40,000 gold ounces) during the 2021 production year, assuming no disruptions from the COVID-19 global pandemic or unforeseen operational challenges.
If gold is at $1900 and they do produce 40 000oz, I say 1-2 years. They need to hit the drills at ECD and Golden mile etc as well, but odds must be good.
I am not sure how long until they start trading, but I suspect that shortly after, there will be some drill news. Hopefully good ones. If I am not mistaken, they are doing a small program at ECD and GM right now.
News out.
CABORCA, Mexico, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is pleased to announce that leaching has commenced on its recently completed 250,000 ton leach pad. Leaching of vein 2 mineralized material is under way and returning values of .32 to .42 gpt Au in solution. Flows are expected to reach .6 gpt Au in solution by December 16th. Future production drilling on vein 2 and the Julio quartz vein continues. Mexus CEO Paul Thomspon Sr. added that gold production by year end should reach 225 oz.
Better than nothing
ASTONISHING CONFERENCE CALL AND FUTURE !
Earnings next year in Nevada will be tremendous, with 20 million shares outstanding, we should see a valuation many, many times current one
WOW!
Those inbred ice miners on the Bering Sea Gold show are more successful than Mexus. It would be a shame of ungodly proportions to not even reach their level.
After spending 12-13 years investing in miners, I can honestly say that mining stocks are the easiest way to lose Money. It's a freaking horrible sector. Goro has Always been there for me, so I have a special Place for it in my heart. I hope that is not blinding me, he he.
My fear is that Everything will tank once the elction is over, and that means Everything. Hope I am wrong though. We will see what transpires.
Oh, Dino, btw, I wrote funds. I think I meant institutions, like Van Eck (if there is any difference?). I think they own a bunch.. I can be very wrong though.
Hey, I am no stranger when it comes to frustrations. My investments have been abysmal the last few years. I do Think they have some drill results in the lab that might come soon. But they are clogged up timewise. Hopefully, we will be happier going forward. If the funds are forced to sell their shares and we drop, I know I will be royally pizzed as well.
I hope Gold and silver stay where they are now(or go up). I Think we are Close to a production update. If strong, we should do well. I fear my stomach will throw up if they are bad, but let's not hope for that.
Also, Argo had just gotten a new CEO who did some cleaning up, if memory is correct.
Scarlet
Golden Mile
East Camp Douglas
+ several others
The Arista anomaly
Probable third and maybe fourth vein nearby
Relax cork, this will end up good for us.
I can't imagine them doing this without having a lot of confidence that there is a lot more gold available at Isabella Pearl than just 3,5 years.
I can see why you are angry, cork, but I truly think this will prove to be a good move. But as you say, those not able to own OTC stocks, that is what troubles me the most. But shouldn't they have continue to sell today? Well, I suspect we will receive more info soon.
I think Greg will be busy for a few days answering questions from shareholders.
Let's see when a j/v or a sale of properties arrives. At these metal prices, one would Think something could be worked out.
News.... $9000... Well it is better than $0
Mexus Announces A 1-for-20 Reverse Stock Split; Sells First Gold From Silver Chloride Material
CABORCA, Mexico, Oct. 09, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it has completed a 1 for 20 reverse split of its stock. The stock will begin trading at its new price on the open of market today. The company believes that all involved with the company understand the necessity of this move given the volume of shares currently outstanding. Mexus also believes this move, along with the positive news recently announced, will allow the stock price to move up and accurately reflect the value of the company. An increased stock price will also give Mexus the opportunity to uplist the stock once all parameters for doing so have been met.
Mexus recently announced the discovery of a significant amount of gold trapped in silver chloride at the bottom of the heap leach pad located at its Santa Elena mine. As stated in its recent press release the company noted that its ball mill gravity recovery system would be used to recover this gold. The company can now state that gold recovery is occurring using this circuit and the results are excellent. In fact, as a result of these recent efforts, the company was able to sell gold with a net recovery of $9,339.85. Recovery of gold from this material continues. David H. Fell & Company of Commerce, CA has been contracted to handle Mexus’ gold sales processing. The gold sold was related directly to the silver chloride material. The variable recoveries the company had been experiencing will be fixed by year end. The removal of the silver chloride will enable the company to continue to mine material from the Julio shear zone and place it on the heap leach pad. In addition, Mexus will be able to mine high grade mineralized material from the Julio quartz system and run it through the ball mill gravity circuit. The company will be recovering gold from two different systems at the Santa Elena mine.
Mexus has numerous properties that it is currently involved with. Included with the Santa Elena mine are the Mabel property and the 8 Brothers/370 property. Both the Mabel and 8 Brothers/370 properties are highly sought after due to their potential gold, silver, copper holdings.
“This was the right time to do a reverse split. The company has had to use convertible loans and share offerings to keep the business moving forward. I believe that the need for future loans and the risk of additional dilution is now ended given our recent discoveries. I also believe that the combination of less shares in the market along with our recent findings will allow the stock to move to a much higher level which will be a true representation of the company’s value,” added Mexus CEO, Paul Thompson.
I am shocked by yesterday's slaughter. That was GOOD news, not bad.
GREAT NEWS !! Spin Out.
Mexus Ball Mill Operational; Heap Leach Findings Expected to Provide Substantial Gold Production
In addition, the company announced an important discovery concerning gold recovery from its heap leach pad at the mine site. Mexus has been and continues to recover gold from the mineralized material placed on the heap leach pad. The resulting gold production from this work has been variable leading to an analysis of the heap leach pad. It has been found that the salt placed on the pad by the prior operator continues to limit gold recovery. Assays of the cyanide solution returning to the pregnant pond are not representative of the material being placed on the pad. The company decided to remove the material from the top of the heap leach pad down to 2 meters from the bottom and have it assayed. These assays showed that salt is causing issues with gold recovery. The silver in this material, when coming into contact with salt, turns to silver chloride. Cyanide solution with gold reacts with silver chloride and turns the gold to a metallic state inhibiting recovery. The silver chloride found in the bottom 2 meters was assayed and showed an extremely high level of gold value (ounces to the ton). Mexus CEO, Paul Thompson, along with Chief Geologist, Cesar Lemas, determined that the bottom 2 meters of the heap leach pad needs to be removed and run through the ball mill gravity system. Tests have shown that 95% of the gold in the silver chloride material can be recovered using the company’s gravity ball mill circuit. This work has already begun. These efforts accomplish two things for the company. First, this allows for gold recovery of highly assayed material at the bottom of the heap leach pad. Secondly, it fixes the heap leach pad allowing for normal and consistent recovery of gold going forward.
Mexus will continue to produce gold in the last quarter of 2020. The company was looking to give guidance for the 4th quarter of 2020 but determined that the recent findings have made it difficult to give an estimate. In the near future, shareholders of Mexus can expect an update on both the heap leach and ball mill gravity gold recovery circuits. Mexus CEO, Paul Thompson added, “I’m excited for gold production in the coming weeks. We believe that a substantial amount of gold trapped on the pad is now going to be recovered.”
It's an ongoing wheel.
Some news out
CABORCA, Mexico, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) gave an update on activities at its Santa Elena project in Caborca, MX. The company continues to work Vein 2 including mining and preparation for blasting and hauling mineralized material to the crushing site. Vein 2 is beginning to show an association to a N-S thrust faulting structure as well. Further mining, drilling, and sampling will uncover the attitude, size and grade of the new structure but impressive 2 to 7 g/t gold grades are being obtained from quartz vein mineralized material and 0.5 to 0.6 g/t from the shear zone material. Selected Vein 2 mineralized material will have to be processed with the ball mill and gravity circuit.
Mining at the Julio South “Split Area” continues where the major quartz vein apparently separates from the “Julio Thrust Fault”. This created a significant gold bearing structure with low angle and measuring 10 to 15 meters wide. Grades up to 14 g/t gold are common in the quartz structure and 0.4 to 1.0 g/t gold in the shear zone. The Mexus 3 area is also being gridded for prompt drilling and blasting which has shown a low angle-thrust and shear zone with consistent 0.6 g/t to 1.2 g/t gold grades. This area also contains a high grade steeply dipping quartz vein where mineralized material will be treated separately in the ball mill circuit. In the opinion of Mexus’s chief geologist, Cesar Lemas, the quartz vein structures at the Santa Elena project can be estimated to have near surface production potential of about 3.6 million tons of more than 1.0 g/t gold. Thrust fault shear zone potential can be estimated about 5 million tons per structure and grades of 0.6 g/t gold that can be measured now and possibly several of these parallel structures will emerge as exploration continues.
Mexus’ ball mill gravity recovery system is nearing completion and is expected to be operational by October 15th. This system will add value to the already existing heap leach gold recovery process. The company will continue to review all options at both the Santa Elena project and the company’s Mabel property.
The Mabel property, located in northern Mexico, continues to be a sought after project due to its geographical location and historical production at adjoining properties. The Mabel property consists of an area of 2000 by 2500 meters where a 3 meter wide gold/silver/copper bearing quartz vein is found lying practically on the surface as a continuous sheet. The property has been partially explored with 490 holes in an intense drilling area, about 10 to 15 meters in depth, and another 121 holes scattered throughout with varying depths. Intense, shallow (10 meter depth) drilling has revealed a surface orebody of 1.2 million tons with 1 g/t Au equivalent in a 400 by 300 meter area which is about 2.5% of the total area to explore. Besides the large quartz-vein potential remaining there is a follow up program for porphyry copper evidences in the area which has not been tested. 3716 samples were assayed from the Carmelitas area on the property for mostly Au-Ag-Cu-Pb-Zn in several labs including ActLabs, Chemex, SGS, and Swastika.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/baa3a3c3-5f0a-4765-8c06-802c0d56f2fb
Mexus is currently speaking to an experienced, major mining company to run an exploration to purchase option at its Santa Elena mine. The potential agreement would coincide with Mexus’ ongoing production efforts. “We will continue to seek opportunities that will maximize shareholder value and do so in the fastest time frame possible,” added Mexus CEO, Paul Thompson.
CABORCA, Mexico, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it is nearing the completion and test running of its high grade ball mill gravity gold recovery system. As stated previously, this coincides with the development of the quartz vein systems at the Santa Elena mine in Caborca, MX. Mexus has developed a plan targeting the high-grade quartz vein as part of the Julio system. An average cutoff grade of .10 Gpt Au will be milled and recovered by the gravity system with lower grades continuing to be placed on the heap leach pad.
Interesting developments. Check out the new Corporate presentation page 17-19. A new magnetic anomaly. It will see action mid 2021. This is a game changer if it is a hit. If so, it will transform the company. Add to that Camp Douglas being drilled this year.
CABORCA, Mexico, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced an update on its 1st quarter results which ran April to June, 2020. During this period the company established mining operations at its Santa Elena mine. The company faced challenges during this period due to COVID-19 which included periods of shut down due to labor laws in Mexico. Mexus was still able to produce gold and used the time to make adjustments at the mine site. Improvements at the mine during this period included: improving the crushing circuit to maximize efficiencies, an increase in employees to include two new equipment operators and a lab technician, and the acquisition of a 330 excavator a 40 ton haul truck and repairs to existing equipment. The company currently has four haul trucks and three excavators onsite which will assist in the planned expansion. The company expects to show an increase in production during the 2nd quarter of its fiscal year (July through September).
Mexus continues to work the Julio shear zone 2 with an average grade of 2gpt Au. Every seven-day period a new area of the heap leach pad is stacked with recently crushed mineralized material. It is estimated that the solution takes 2 ½ weeks to return to the pregnant pond. Leaching in this matter was started 4 weeks ago and the company is happy with the results to date. Mexus plans on running solution in the next ten days as returns should begin building from this expanded production. This process represents an increase in production for Mexus which should reflect in higher gold sales this quarter.
“We’ve had normal ups and downs that any new miner experiences when implementing new processes. The crew at the mine have done a great job of adjusting and fixing issues as they’ve arisen. Mexus will continue to increase production each quarter. I’m excited to announce that the company will do its first quarterly guidance in September which will represent a forward looking estimate for the last three months of 2020,” added Mexus, CEO Paul Thompson, Sr.
But, but, but, we were told here was no gold sold...
I wrote them something similar a week back or so. I don't think they will respond to any such e-mail. However, it's good to let them know how frustrated we are. I still don't know if this is a screaming new opportunity to buy or if the company is in dire trouble. Hence, uncertainty rules. And that is never good. I have good hopes that Roswell Park can be turned into something good. However, when is a whole other matter. Tomorrow? 6 months from now? But I think the hospitals are opening up again soon for new enrollments and that is good. needs to happen first though.
One might almost suspect good tidings are coming
1 cent tomorrow. Cheers.
Lovely to see. The next pr or two will be exciting.
Would be nice to be above 1 cent again. Maybe just a few weeks away.
It's been a while since we were at these levels. Hope it continues. Some hefty buying near the end of the day.
Thess, if you indeed made all those many buys that you claimed you did, you cannot say there were not plenty of people here telling you to be careful and not buy as often. You also said many times you only had yourself to blame if things didn't pan out. Yet, you now claim it is a scam… That does not add up at all. If there ever was a time this Company looked to be progressing forward, it is now. Thus, your complaining is not warranted at all. I am not sure Mxsg will succeed, I hope it will, but right now the company is stronger (or less weak) than in a long, long time. Certainly in better shape than when you bought each and every day. Will it be enough? I guess we will see. But unless you pretended to make all those many buys, you are totally and utterly wrong with what you now say.
What garbage fuzz about a silly e-mail. If they needed Money, they needed Money. Problem is now hopefully solved. If not other issue arises, the Company makes Money from now on.
Hey, maybe we can get those folks at MarMar interested…
Mexus has some silver properties, if memory recalls. Let's say silver makes a big move to $25 or above, is that something that Mexus could take advantage of? I mean, there should be interest from other companies out there if that happens.
News
https://ceo.ca/@nasdaq/mexus-pays-off-outstanding-debt-obligation-quarterly
CABORCA, Mexico, July 13, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that the company satisfied a $57,000 note payable by way of conversion. In addition, Mexus’ audit obligation has been met with the audit expected to be completed in the next 7 days. The audit process was delayed due to the company moving from an exploration company to a production company. The auditors required additional information concerning the sales of gold and the accounting procedures put in place as required by Mexican law. Future audits are expected to be completed and released in a more timely manner.