CABORCA, Mexico, May 30, 2017 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) CEO Paul Thompson visited the Santa Elena mine on May 26th. During the visit he was able to witness the much anticipated arrival of the 4230 jaw crusher. As previously announced, this jaw crusher will enable the mine to increase production to 10,000 tons per day when operating at full capacity. It is expected that this increase in production will occur gradually as the machines performance is perfected. “Getting the jaw crusher on site is big deal to our mine operator and our shareholder base. I was thrilled to see the machine up close and getting readied for production,” added CEO Paul Thompson.
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Mr Thompson also met with geologist Cesar Lemas. It was decided that Mr. Lemas will now act as the company’s liason with the joint venture partner at the Santa Elena mine. Mr. Lemas will coordinate with mine staff and report back to Mr. Thompson weekly with results and opinions on the operation. In addition, CEO Paul Thompson has asked Mr. Lemas to prepare an update on the Santa Elena mine plan. The mine plan will include but not be limited to: assays of the leach pad and the Julio quartz vein system, on-site equipment review, and general recommendations about the operation. The goal of this report is to confirm, using assays, the figures previously released by the company. The report will be released to the public when complete.
“I am extremely happy to have Mr. Lemas’ help in monitoring events at the mine site and in preparing the updated mine plan. I’ve known Cesar for years and he has always been helpful to me and Mexus,” added CEO Paul Thompson.
About Mexus Gold US
Mexus Gold US is an American based mining company with holdings in Mexico. Mexus recently joint ventured its flagship property with MarMar holdings of Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. The mine is producing gold. The company is also a partner with MarMar holdings at the San Felix mine in Northern Mexico. This 26,000 + acre property is ready for production which is planned for 2018. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Cautionary Statement
Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.