Replies to post #13220 on Mexus Gold US (MXSG)

[rbtree]

Where does it say Mexus can't discuss historic ounces in a PR?

Ummm, there has never been enough drilling and testing to come remotely close to proving up the ore body, so that question makes no sense. Argo drilled some holes, found the results not to their liking, and left. Mexus collected surface samples, which can only be used as indicators of what might be there at depth.

As long as it's clear they are talking about historic ounces and not 43-101 ounces they are not committing any fraud or making misrepresentations.

Irrelevant based on my above response, and the fact that "43-101 ounces" makes no sense, as MXSG is not a Cdn issuer.... nor has any company ever prepared a report that would meet those guidelines, were it to be filed with SEDAR.

Further, it was also asked if the company could make statements in pr's that are not allowed in SEC filings. That's actually quite hilarious. I'd call it a double standard. The SEC, of course, doesn't closely monitor news, websites, or message boards, but that doesn't make it OK or safe to say unverifiable things, such as they have been doing.

Hope this helps.

[gitreal]

Historic ounces produced? Or historic ounces estimated?

Either one of those is fine, as long as it is clearly spelled out that both are historic, and the source is referenced. In addition, the historic ounces estimated must be tagged as being unreliable per SEC Guide 7 and is being presented purely as part of a discussion of previous work conducted for the property. You wouldn't want investors to invest in a company based on a misleading PR, would you?

But that's exactly how the company has presented their "bold" claims of million ounce deposits in PRs - in a misleading way, as though there is hard data that supports a million ounce deposit. Here's a quote from the recent PR about the Felix Mine:

The Company possesses geological reports, mapping, drill results and sampling data which indicate a potential 1,000,000oz gold equivalent.

Funny, but the Martinez geological report does not back that up. The Martinez report talks about a potential 100,000 oz for the Felix, but a million ounce potential "district-wide". Something got lost in translation by the time it made it into the Mexus PR, apparently.

And what relevance does "43-101 ounces" have here? This registrant is not traded on Canadian exchanges.