Mexus Gold US (MXSG)

[Captain Black Bob Blanco]

Ures and Santa Elena projects moving forwardPress Release | 02/26/2018
CABORCA, Mexico, Feb. 26, 2018 (GLOBE NEWSWIRE)

-- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that progress at the Ures project continues and is on pace. Cesar Lemas, project manager for the Ures project, recently completed the construction of access roads on the Ures, El Scropio, and 370 concessions. In addition, he continues to take samples from the area to be initially mined and is extremely happy with the assay results. Mr. Lemas added, “Based on my sampling, I can say that we should average 5 grams per ton Au from our VAT leaching system.”

The construction of the VAT system continues at Mexus’ Walnut Grove shop. The tank and its attached systems will be completed and shipped this week. Once operable, the tank will be loaded with 100 tons of crushed ore and filled with the proper cyanide solution including lime for PH control. Air will then be forced through the ore via outlets in the bottom of the tank which will ensure that all material is being leached. In approximately 72 hours, the pregnant solution will be drained into a holding tank which will then be run through Mexus’ Merrill Crowe gold recovery system. Mexus already owns the equipment for this project and will only need diesel, cyanide and other miscellaneous parts to begin production.

The lead engineer at the Santa Elena mine has adjusted the recovery formula to deal with the refractory element contents of the ore. He feels this has fixed the recovery problems and has restarted the leaching of the pad. Mexus CEO Paul Thompson added, “I’m confident that the engineer our JV partner has brought on board will fix the issues at the Santa Elena project. I look forward to seeing additional gold sales and continued progress.”

https://www.otcmarkets.com/stock/MXSG/news/Ures-and-Santa-Elena-projects-moving-forward?id=184338