CARSON CITY, Nev., Aug. 01, 2016 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) is pleased to announce that its 10k annual audit was completed and submitted last week. The delay in presenting the audit resulted from a new auditor having to review the previous 3 years. The auditor was happy with their findings which should lend support that all of the financials, as previously reported, are correct and accurate.
Work at the Santa Elena mine continues as planned. The decision to enlarge the heap leach pad has made phase 1 of construction take longer than expected. Marco Martinez, President of MarMar, states that the time involved to build out the infrastructure is well worth the delay when you consider our ultimate goal of having an operable mine for the next 25+ years. Mexus had initially planned to start with a 10,000 ton pad. MarMar decided to increase the size with the pad now being able to handle 250,000 tons. Finally, the work done to date has brought the company to a point where 24 hour security is needed at the mine. A firm has been hired and round the clock security is now in place.