MX Gold Corp. Advances the Magistral Project Towards Production

https://www.centralcharts.com/en/21816-mx-gold-corp/news/853341-mx-gold-corp-advances-the-magistral-project-towards-production

VANCOUVER, British Columbia, July 20, 2017 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce that, in its Joint Venture with GracePoint Mining Corp a subsidiary or Firma Holdings Corp. (OTC:FRMA),  the Magistral project is progressing on schedule. The turn-key build out of the plant includes increasing throughput capacity to 1,000 tonnes per day.  The build out is on track to be completed, with the plant operational, by this November.

Mr. Dan Omeniuk, Chairman and CEO of MX Gold stated, “Despite the rainy season in the region, it is encouraging to see that the project business plan is being executed on schedule, and that our Joint Venture efforts with GracePoint  are producing positive outcomes. We are looking forward to the projected cash flow from Magistral, as it will serve as an integral part of our approach to building further value for MX Gold shareholders with a non-dilutive strategy.”

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