Mexus releases information on current gold produced and the purchase of water rights
CABORCA, Mexico, July 31, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) President Paul Thompson and Marco Martinez, CEO of MarMar Holdings, announced that there is substantial amount of gold in the pregnant pond and on the heap leach pad which is currently being leached. This was confirmed by Mexus geologist Cesar Lemas. Mr. Lemas’ personal assay lab shows the heap leaching solution, as of 2 weeks ago, is producing 1.5grams AU and 18grams AG per m3. In addition, he notes that the pregnant solution in the pond and heap should yield 145 oz. AU and 1700 oz. AG and the material being leached now should yield 400 to 500 oz. AU and 3000 oz. AG with good recoveries. Finally, Mr. Lemas noted that new material being placed on Pad 2 is ranging 1.5 grams to 5 grams per ton AU.
President Paul Thompson is also pleased to announce the purchase of 48 units of water for the Santa Elena project. In addition, Mr. Thompson is in negotiations for an additional 30 units of water. The total of these transactions will provide the necessary water for the Santa Elena project for years to come.
There have been continued corrections with the gold recovery system. Notably, recent torrential rains caused a delay in the Merrill Crowe system as clay entered the ponds. MarMar has made corrections at the ponds to avoid this issue in the future. A solution to the clay issue has been found and is being implemented on site now. The Merrill Crowe system continues to be adjusted and calibrated. An additional specialist was brought in to perfect the flows and assures that when started, maximum recoveries will occur.
"I want our shareholders to understand that production and sale of gold is imminent. We have faced and overcome the initial hurdles and are nearing the time when production will begin full time for years to come. Both MarMar and Mexus agreed that we would hold off running our gold through the Merrill Crowe system until assured that the recoveries were acceptable. Patience in this area is prudent as we don’t want to risk the loss of any gold. I want to reiterate that production will be constant once all of the minor tweaks are made and we move to full time production," added CEO Paul Thompson.
Well, we are getting closer.
AI
