Blast permit received; Mexus prepares to run high grade material at Santa Elena mine

Mexus Gold US

CABORCA, Mexico, March 15th, 2021 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) is pleased to announce that it has received the necessary explosives permit which will allow the company to move forward with mining of the company’s high grade Mexus II and Julio vein structures. As previously noted, these areas contain up to 16 gpt Au with an average of 4.2 gpt Au. With drilling already completed at the Mexus II area the company expects to perform the first blast within the next week. This initial blast will create approximately 10,000 tons of leachable material. The company has already started the removal of overburden at the Julio vein site as this is the next drill/blast target. Based on sampling, Mexus believes this will be the best producing area in terms of average grades. “Mexus continues to produce gold at our Santa Elena mine site. We needed this blasting permit so we could increase the average grades being mined with a resulting increase in overall gold production. The higher net return will increase our cash flow and allow for a quicker build out.” added CEO Paul Thompson.

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