Mexus Gold US (MXSG)

[T-Hawk]

What about a possible mining neighbor being interested ? Is that a lie or progress.

See the following from a January 22, 2020 Report...er I mean PR....

Mexus President Paul Thompson along with Cesar Lemas have decided to seek a joint venture for its Mabel property. Discussions have already started and could include a drilling program with options to purchase. Any deal will include Mexus retaining a royalty from mining operations. The Mabel project is located 52 kms SW from Nogales, Sonora, Mexico.

Mexus Gold US concessions total 2128 located in two clusters. There has been directed geology, geochemisty and geophysics exploration work in the area since 2002 with 611 holes drilled in 6 drilling campaigns. Approximately 1,300,000 tons are estimated in the narrow grid drilling area with an average of 0.7 g/t Au and 23 g/t Ag including 240,000 tons of 1.9 g/t Au equivalent.

Mexus, along with partner Elias Felix, have also made the decision to seek a joint venture for its Ures project. The 10,000 acre concession is located near Hermosillo, Mexico. The Scorpio concession is believed to be a copper porphyry system and will need to be drilled to confirm. High grade silver has been found at the 8 Brothers concession and will also need to be drilled to confirm the preliminary findings. A joint venture agreement for these concessions will include the company retaining a mining royalty.

Mexus President Paul Thompson added “With the Santa Elena operation expanding we feel that the fastest and most profitable way to return shareholder value is to find partners for our other properties. My goal is to have all 3 properties either producing or being drilled to a proven resource.”

You tell me, was that a lie or progress?