Replies to post #36069 on Mexus Gold US (fka MXSG)

[wxdog]

TML.. You and I both know the answer now don’t we. Nice to see you here again!

[silver-bullet]

Way to rational and well thought out for this board TMLonggun. (thanks)

[gitreal]

TM, did you see how Mexus manipulated the Argo drill data? Only someone completely ignorant of the most basic geological/engineering principles would average data in that manner. It was either deliberately fraudulent or enormously irresponsible to do what they did.

And to top it off, they did the same exact thing with their own drill data.

Investors, at least anybody savvy enough to see the problem with it, should turn and walk away from a company that does stuff like that.

[gitreal]

AR used a small portion of their phase one drilling to fully evaluate Mexus' huge property and then left because they saw no potential or..

Yup, that's what I'd go with.

Many, many exploration targets are abandoned after the first phase of drilling. Throwing good money after bad is not good business.

From the one and only map that Mexus ever released, it looks like Argo drilled across every major mapped geological structure. They were testing both for potential high grade along structures, but also looking for disseminated mineralization. Based on the drill data that was released (if you ignore PT's fraudulent "averaging"), it does not appear that there is a disseminated target, and the high(er) grade was limited to one drill hole.

So.....Argo left. Maybe their other business issues made the decision easier.

[T-Hawk]

All great points. And we seem to agree on the overall point, which is we don't really know why Argo left because they never said publicly.

But now that gold mines are falling back in favor with the likely continued uptick in gold why are there no JV's lining up to come to Mexus.

Again, I'm not saying the drill results suck or are phenomenal. I don't have the expertise to interpret the data. But there are several posters around her hanging their hat on that drill study as proof of high amounts of gold. That's not fact either.

Argonaut sold La Fortuna. They were able to find a buyer because there was demonstrated value. Mexus has not been able to even find a credible JV.

If the drill results were as great as what some portray on these boards then why wasn't Mexus able to find a legitmate JV? A little deductive reasoning might bring one to the possibility that the drill results didn't warrant further interest to those who know what they are looking at when it comes to drill results.