By GlobeNewswire, February 19, 2013, 06:30:00 AM EDT
CARSON CITY, Nev., Feb. 19, 2013 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.
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Mexus has announced today the Trinidad Joint Venture has initiated its previous stated goal to re-crush the estimated 2.5 million tons of ore now on the heaps. In addition, newly processed mined ore will be placed on those pads as the material becomes available for the production process. Evaluation analysis consisting of column tests, dynamic leaching tests and geochemical analysis indicate that the existing rock of 2" to 3"; did not allow the production solution to penetrate the rock properly. Our test results established the need to re-crush the ore in order to address the permeability situation issue and allow economic recovery of the values contained in that ore. The portable system is a modified screen and cone crusher with a conveyor system has the capability of screening fines to 3/4" mesh and crushes the larger material to 1/2".
Chris Cherrywell, Chief Geologist goes on to state that our mine data base is extensive data and must be evaluated in support of rapid advancement of exploration objectives. Assays from our existing open pits show gold values ranging up to 10 grams per ton and silver in excess of 100 grams per ton. Our geological investigations are showing potential mining values in the same range as historical mining grades. Mexus is presently confirming these historic values by collecting new samples for testing. Mr. Cherrywell reports that existing data is being collected to compile exploration data in support of determining optimum locations to develop new mining targets. We plan to begin a diamond drilling program later in this week to advance our knowledge of the various mineralized structures near to the current Heap Leaching Operation.
As a part of Mexus Trinidad JV restructuring, the metallurgical department has been improved with the addition to the group of one of the best metallurgists in the industry, Ing. Oscar A Rodriguez Garcia. His extensive experience with heap leaching, Merrill Crowe recovery and his research investigations will be a strong addition to the program. His biographical information is being posted to the Company Web Site.
Mexus has filed a five day extension on our Quarterly Report due to the complexity of the Mexus Trinidad Joint Venture established in Mexico. This extension will allow sufficient time for proper filings.
About Mexus Gold US
Mexus Gold US (OTCQB:MXSG) is a company engaged in the mining industry for the purpose of producing precious metals, including gold, silver and copper, from its projects located in the state of Sonora, Mexico and in the states of Nevada and Alaska. Mexus Gold US is dedicated to protecting the environment, providing employment and education opportunities for the communities where they operate. For further information or to see the full report, visit www.mexusgoldus.com.
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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.
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CONTACT: Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
Source: Mexus Gold US