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Mexus ramps up gold production in Mexico

Vladimir Basov

Kitco News

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(Kitco News) - Mexus Gold (OTC PINK: MXSG) announced today that it has reached a new milestone at its Santa Elena mine in Mexico as it continues to produce and ship activated gold bearing carbon for processing.

The company said that payment for the initial shipment is expected to be received by mid-September and that it now expects to ship activated carbon twice a month with a minimum of 45 oz. gold and 100 oz. silver. Monthly production will begin to increase in October 2021 as the company builds out and adds to the existing 100,000-ton leach pad, Mexus added.

Operationally, Mexus said it continues mining at the Santa Elena Vein 2 area which is carried out selectively as control sampling and fire assays are guiding production. Mixed oxides and quartz vein- shear zone areas are treated differently with lower grades being worked around. The company is currently producing and hauling approximately 600 to 800 tons per day.

The company also pointed out that it is considering all offers to develop its 3 properties: Santa Elena, Mabel, Ures. The company said it believes that the right partner would leverage Mexus' opportunity to maximize shareholder returns.

Mexus Gold is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6,900 acres and has both gold and copper on the property.

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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