Wednesday, August 16, 2023 12:57:17 AM
The Mabel Project is located 40 kilometers south of the Arizona border at Sasabe and about 80 kms south of the major porphyry copper mines in Arizona and Sonora. The property contains 10 mining concessions totaling 4832 acres. The Mabel was originally a porphyry copper target project but also contains a gold resource which has been intensively drilled and partially measured with more than 600 drill holes. It is estimated that more than 45,000 ounces gold and up to 500,000 ounces of silver are present at shallow depths. Mexus reached an agreement with Irmex mining company, a Mexican corporation. The partner company is making excellent progress at the property as they work to begin a drill program.
Mexus’ Ures Scorpio project, about 65 kilometers NE of Hermosillo, Sonora, Mexico, is located within the Sonora-Sinaloa porphyry copper-gold belt and contains 9173 acres. There are 8 concessions which have been partially worked and geologically interpreted as a major 2 kilometer long gold and base metal structure. Trenching and surface sampling assays have been extremely promising and suggests a follow up drilling program. The company will seek to joint venture this property with an exploration company.
Recent MXSG News
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 06/28/2023 01:47:39 PM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM