Friday, January 18, 2019 11:11:28 AM
Questions
1. Who will be doing the heap leach process? Mexus has no employees, only consultants.
2. How has the gold extraction issues been addressed/resolved? Allegedly the issue was never leaching (previous assays done during heap leaching were showing 4 grams per ton Au). The issue was capturing gold and silver from the pregnant solution.
Observations
1. "Mexus will begin preparing the heap leach in the near term." This is a typical Mexus vague statement meant to portray to investors that action is happening that isn't really happening. Heap leaching isn't starting, they are only beginning to prepare to maybe think about heap leaching...someday. What specifically does "begin preparing" entail.
2. Circling back to a point I raised in my 2nd question, the latest PR states an average of 1.3 g/t Au. Previous PR (like the one 11/20/17) stated 12 - 14 g/t Au. The values identified in drilling the "bonanza grade" quartz structure is significantly lower than the amounts the company was portraying in previous PRs (approximately 1/10th of the amount of previous assay claims)
I don't see anything in the PR to convince me things are going to get better.
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