Few answers to topics posted for what it's worth.
Must be Irish takin the day off for Guiness , corn beef N cabbage
"I wonder what the MXSG tape painters think they are accomplishing. Seems like a fairly pointless exercise but then again, so is every thing Mexus."
"GORO was able to prove reserves by getting to profitable and sustainable production and selling gold in 4 years.
In almost 10 years Mexus has not been able prove profitable, sustainable production to sell gold, and has no establish mineral reserve amount."
Overall point is pure gold plated nonsense. What the actual history was. Seem to know nothing of Gold Resource's 16 +years, 1998-2015 , to establish a resource by extensive numerous site searches and finally $35 million invested when old Aguilla mine chosen to start infrastructure expensing construction in late 2007. I was there and for sure all not all roses pictured. needing 4 JV's who backed due lack of progress. Included Canyon Resources with right to earn 50% ownership.for $3 million then withdrawn and finally Hochschild who was brought on to assist in Arista underground discovery after 2007 as strategic partner.
Facilities
We constructed a mill facility and infrastructure at the El Aguila Project for approximately $35 million, which was completed in 2010. The mill is flexible in its ability to process several types of mineralization. It has a differential flotation section capable of processing polymetallic ores and producing up to three separate concentrate products for sale, and an agitated leach circuit capable of producing gold and silver dore for sale. Depending on the specific ore type and characteristics, the mill, as it is presently configured, can process a nominal 440,000 tonnes of ore per year. Power is provided by diesel generators at the site. We obtained water rights from the Mexican government for an amount of water we believe is sufficient to meet our operating requirements and pump it approximately five kilometers to the site from a permitted well located near the Totolapam River .
Additional improvements we have made at the site include an access road from the major highway, a water line and pumping station, haul roads from the mine site to the mill, constructing buildings adjacent to the mill facility for office space and an assay lab and a tailings impoundment and other infrastructure.
In October 2007, we acquired an additional parcel of land which is approximately five hectares in size and adjacent to the community of San Jose de Gracia. The land cost us $153,000. We have completed construction of an employee housing facility on this parcel for approximately $1.9 million that includes 10 buildings and houses approximately 50 people.
Exploration Activities
The early history of activity at the El Aguila Project property, as known by us, is prospecting and limited mining for gold and silver from the early 1900’s to the mid 1960’s. In 1998, the concessions were leased to Apex Silver Corporation of Denver, Colorado. Apex carried out an exploration program involving geologic mapping, surface sampling and an 11-hole drilling program (1,242 meters, or 4,074 feet). The results did not meet Apex’s expectations so it cancelled its lease on the property in 2002. We leased the property from our former consultant in October 2002.
In August 2003, we commenced an initial drilling and exploration program. Through 2012, we have drilled a total of 359 core holes equaling 114,936 meters and 177 reverse circulation holes equaling 15,609 meters for a total of 536 holes totaling 130,545 meters (428,292 feet)
Enough real howgoesit? Could post much more actuality.
