Thursday, August 04, 2022 1:02:11 AM
Mexus Gold US....
CABORCA, Mexico, May 24, 2021 (GLOBE NEWSWIRE) -- Mexus Gold US >>>>>(OTCQB: MXSG) (“Mexus” or the “Company) announced that it has been working with a group of geologists from the neighboring Herradura mine. The group is reviewing a plan to develop a possible 1 million + oz gold bulk mineral target at the companies Santa Elena mine located in Caborca, MX. This is in addition to the estimated 150 to 200k oz gold from the vein quartz structure which will be confirmed and added to the calculated reserves. Geologists are gathering technical information for imminent core drilling of the major structures which will begin in the next few weeks as to achieve the valuation of a highly economical mineral deposit or deposits. Also, the mining engineering group continues to visit the site and exchange technical information on the Santa Elena mining system. It is expected that an agreement for continued drilling with a long-term financial agreement will be reached in the coming weeks.
It's quite surprising that Herradura didn't make a buyout offer. After all, The property sits next to the famous La Herradura mine further evidencing the potential of the property. Mexus believes that the property contains a 1,000,000 plus ounce resource which can be proven with a qualified Joint Venture partner.
>>>>>In the interim, IMEX, the mythological Mabel partner continues to pay MXSG an agreed upon royalty + cash from the awesome income derived from the Mabel mine.
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