Mexus Gold US (MXSG)

[8thaero]

For ALL with NO awareness whatsoever of heap leach process only:

Re: Rye Patch comparison to Mexus
Posted by 8thaero » Thu Jul 13, 2017 12:40 pm
Clue the experts in that THIS is the 90% extraction in 45-60 days as I was suggesting with pours possible after month,NOT ever 20 days or 6 months. Now need to find the AU grade of ore and % of AG and next 2 pad sizes Pad 1 and 1A and 3rd 1B as figured to name them for 2nd stack switch out. Assume is a MC process but?? I know Florida Canyon from old E side I 80 at NE turn to Battle Mtn.

"Gold production began from the new South Heap Leach Pad of the Florida Canyon Mine in April 2017. The new pad has completed its first full cycle of leaching of 45 days.  Secondary leaching and new placement of ore is continuing on the Phase 1A portion of the pad.  Since April, a total of 12,678 ounces of gold and silver dore have been poured.  The dore is comprised of 7,075 ounces of gold and 5,603 ounces of silver."

http://ryepatchgold.com/wp-content/uploads/2017/05/RPM-AIF.pdf

OK, we discover diligently by Jan had loaded 45,500 tons ( 45.5 K tons ) on 1/3 of the pad. call it Pad 1. The PEA figures were by MDA and showed .445 gr Au by 43-101 study, isn't that a big no no for any OTCQX listing to use ? with 8 year life cut off grade at .2 gr on 75K oz annual. Be done by Electrowin carbon stripping. Last Nov had spent $24 million as 70% of first pour cost and 55% of full completion. Is about $47 Million total cost to build out. WHEW! Low grade enormous costs and 8 year life. Whassa matter with this pic? But have similar projects near by on Cortez trend North I spent years exploring for both Reid's and Rob's US Gold and General Metals site at Newmont's Phoenix.

Re: Rye Patch
Posted by 8thaero » Thu Jul 13, 2017 3:29 pm
Only cause for a PEA and then a recognized close space drill program and a Fease is so the bankers will loan you 70% of need to start making PM which becomes 55% of entire cost. Rest is done by equity for 15% of total after making revenue to get the 55% not borrowed .. they hope. You read them on that well known basis but nothing is hard fast rule it can't be done the opposite way and SEC don't care a fig long as is stated correct. Which is the only way auditors stay in the biz themselves. Makes the financials like a silk purse you open and dump out any sow's ears. And possible excess experts as well 8