Mexus Gold US (MXSG)

[TMLonggun]

Placer is now operational.

CARSON CITY, Nev., Feb. 17, 2015 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company") announced today that the placer plant at the Julio Mine is now fully operational. The company will use the first few days to ensure that the wash plant and associated parts are optimized for maximum recovery. As stated in previous press releases, the company expects to recover 5 to 6 ounces of gold per day costing approximately $950. CEO Paul Thompson added, "We are very excited to announce the startup of the placer operation. Our Mine Superintendent, Diego Guillermo Baltazar Garcia, and his crew worked tirelessly over the last few weeks to bring this operation online. We are now focused on obtaining the blasting permit so we can begin the underground operation."

Mexus also announced that it continues the steps necessary to acquire the blasting permit for its underground operation. Vice President Julio Baltazar has made numerous trips to Hermosillo and Mexico City to complete the necessary paperwork and provide information as requested. It is unknown when the permit will be issued but the company is doing everything in its power to expedite the process. In addition, the company continues to interview underground miners. Having a qualified underground mining crew ready will allow production to commence as soon as all the blasting permit requirements have been met.
- See more at: http://globenewswire.com/news-release/2015/02/17/706872/10120476/en/Mexus-Gold-US-Placer-Operation-Update.html#sthash.utgLKmHO.dpuf


Just a drop in the bucket but it's a start and a heck of a lot better than a goose-egg (golden eggs excluded).