HENDERSON, NV –(Marketwired – January 23, 2017) – Firma Holdings Corp. (OTC PINK: FRMA), through its subsidiary GracePoint Mining Corp., announces that, further to its news release dated October 25, 2016, MX Gold Corp. (TSX VENTURE: MXL) (FRANKFURT: ODV) (OTCQX: MXLGF) has paid all remaining installments, totaling $2.5 million USD, and has earned a 50% participating ownership interest and 45% net profit participating interest in the Magistral, Del Oro tailings project located in Mexico (the “Project“).
The project includes a 500 TPD Dynamic Cyanide counter current system plant. Construction of the plant was completed in 2013, for approximately $4.5 million and is in excellent condition. It is unencumbered and it is estimated that it can be fully operational within 4 to 6 months. Additionally, the Project includes the exclusive rights to process the mineralized mill tailings.
Mr. Bert McPherson, President and COO of MX Gold, stated: “After conducting weeks of due diligence on site in Durango, Mexico, I am confident and excited with value the Magistral Project is going to bring to MX Gold. The company and its shareholders can look forward to us reporting on our progress from Durango in the weeks to come.”