Mexus Gold US (MXSG)

[rbtree]

Coming up on a year. Not pretty. Something tells me that my suspicion about that time that MarMar was mostly a dirt mover and not very experienced in all phases of gold mining was not far off the mark, if at all....

CARSON CITY, Nev., Feb. 27, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that as of February 22, 2017 its joint venture partner at the Santa Elena mine , MarMar Holdings Inc, finished 4.5 meters lift on the heap leach pad. On February 24, 2017 MarMar started testing the leaching system which included the pumps, plumbing and drip leach distribution system. The tests are going well and will be completed by March 2, 2017. Marco Martinez, President of MarMar Holdings, stated the leaching solution will be introduced to the heap leach pad as soon as successful completion of the system tests which may be March 3, 2017. Mr. Martinez added that with .70 grams per ton the first production in March should cover approximately 80% of the start-up costs. The mining plan goal is increase ore production to 10,000 tons per day by the end of 2017.

Yes, yes, I know that delays happen, and the startup period for a mine can be years, but,it surely seems to me that something isn't right....

It also begs the question of why are they putting out news about other projects, which they have no money for? Is the Elena a bust?