Possible Commercial Drilling To Commence At San Felix

 

CARSON CITY, NV - Mexus Gold US reported that progress at the San Felix is being made. Paul Thompson stated, "We have a couple of options we are looking at for the San Felix project both of which will be extremely beneficial to the long term outlook of the company."  One option will be to commence additional drilling to establish a reserve value, which the company believes, could be as much as 1 million ounces. This belief is based on historical data as well as preliminary drill results produced by our geologist. A drilling program would allow a 43-101 proven reserve value to be established for this property. At the Julio/Santa Elena Our crew has been working at our goal of doubling our placer production by moving the plant to a new location to give us needed area to expand as we have out grown our present location. We have located a suitable area approximately 1,000 feet to the North and our expansion of the placer goes with our high grade gravity mill and underground mine as well as developing an additional water source for our future open pit heap/leach project. Our open pit mining will start with the mining of the exposed veins, Julio/Santa Elena.