Mexus Gold US (MXSG)

[T-Hawk]

First, let's understand what is meant when you say an assay. Assays are typically done as part of an initial assessment and are prepared by a "qualified person". No record of such assessment completed by a qualified professional can be found in any of the Mexus company filings. Let me repeat that - NO INITIAL ASSESSMENT HAS BEEN PREPARED BY A QUALIFIED PERSON.

Therefore the article your link references is simply back of the napkin math based on a few drill holes. There’s no guarantee that any general accepted practices or standards were followed in calculating those results.

Also, there is a significant difference between an initial assessment and final feasibility studies. There's a reason the SEC doesn't allow initial assessments to be used as the basis for disclosure of mineral reserves.

If a company wants to throw around the term mineral reserves, the SEC requires a bona fide final feasibility study.

A feasibility study is more comprehensive, and has a higher degree of accuracy. It must contain mining, infrastructure, and process designs completed with sufficient rigor to serve as the basis for an investment decision or to support project financing. It's the report most mining companies use to secure financial backing to commence mining.

All Mexus did in this assay was dig a couple of holes and send it to a lab. Then, without utilizing any generally accepted standards, made some very general assumptions based on the very limited number of holes dug and came up with an over-inflated amount of potential reserves.

If these assays were so credible and so amazin' and the results so spectacular there would be credible named JVs and mining companies jumping all over this property. There's a reason that's not happening. It's because they all see the same thing.... these reports with these assays don't mean crap.