Mexus pays off debt and updates its shareholders on progress at the Santa Elena mine
Published by Naomi Holliman,
Digital Editorial Assistant
Global Mining Review,
Mexus Gold US announced that on 9 May 2019 that it paid off a note payable of US$111,563 which was due on 14 May 2019.
In addition, the company announced that it is currently looking to hire two chemists and a geologist to assist Mexus associate Cesar Lemas at the Santa Elena mine. Mexus believes it has found a lead chemist and hopes to complete the hiring process this week. The additional staff are needed as the amount of assaying and general mine work at the Santa Elena mine is increasing weekly.
Furthermore, Mexus expects the blast hole drilling occurring on the Julio vein to be completed by 17 May 2019 with the permitted blasting company to arrive shortly thereafter.
President and Chief Executive Officer of Mexus, Paul Thompson, added, “We are taking a cautious approach to the heap leach pad and leaching process to ensure that all the right pieces are in place prior to commencing leaching. The chemists will play an integral role in the recovery of gold so finding the right people is extremely important. We are being diligent in our efforts to avoid the mistakes the prior operator made.”
Read the article online at: https://www.globalminingreview.com/finance-business/13052019/mexus-pays-off-debt-and-updates-its-shareholders-on-progress-at-the-santa-elena-mine/
You might also like
Intramotev announces partnership with Carmeuse Americas
Intramotev has announced a partnership with Carmeuse Americas, to deploy its TugVolt technology at a mining site in Cedarville, Michigan.