Mexus Gold US (MXSG)

[T-Hawk]

Nope. Not falling into place. More like falling apart.

In the October 5th PR we were told;

Mexus CEO, Paul Thompson, along with Chief Geologist, Cesar Lemas, determined that the bottom 2 meters of the heap leach pad needs to be removed and run through the ball mill gravity system. Tests have shown that 95% of the gold in the silver chloride material can be recovered using the company’s gravity ball mill circuit. This work has already begun.

Now we are told

The ball mill is having difficulty running some of the material as it turns to mud during the process. The solution is to use a screen wash plant which Mexus already has on site. The recovery of the gold from this material is expected to take 45 days.

In other words the 95% recovery claim was a line of B.S. Makes me wonder if they had even done any test recovery with the ball mill before releasing that October PR. It seemed pretty convenient that the solution to their salty gold problem just happened to be a piece of equipment they already had on site.