Mexus Gold US (MXSG)

[T-Hawk]

A quick recap of the Saga of the Salty Gold

October 5

Tests have shown that 95% of the gold in the silver chloride material can be recovered using the company’s gravity ball mill circuit.

October 9

As stated in its recent press release the company noted that its ball mill gravity recovery system would be used to recover this gold. The company can now state that gold recovery is occurring using this circuit and the results are excellent. In fact, as a result of these recent efforts, the company was able to sell gold with a net recovery of $9,339.85.

October 21

This remaining gold bearing chloride material is being run through the company’s ball mill gravity recovery system.

October 27

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.

November 10

Mexus is still working on the material recently removed from its original heap leach pad which contains silver chloride. The solution to recovering the gold from this material is to run it through a wash plant.

November 16

Initially, the company had prepared one small leach pad area which successfully produced 134 oz. of gold in three weeks. Management believed that this plan could work over the whole pad avoiding the silver chloride areas. Unfortunately, this proved to be too timely and costly.