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Mexus working towards agreement with large mining company

Published by
Global Mining Review,


Mexus Gold US has announced that it has been working with a group of geologists from the neighbouring Herradura mine.

The group is reviewing a plan to develop a possible 1 million + oz gold bulk mineral target at the companies Santa Elena mine located in Caborca, MX. This is in addition to the estimated 150 000 – 200 000 oz gold from the vein quartz structure which will be confirmed and added to the calculated reserves.

Geologists are gathering technical information for imminent core drilling of the major structures which will begin in the next few weeks as to achieve the valuation of a highly economical mineral deposit or deposits. Also, the mining engineering group continues to visit the site and exchange technical information on the Santa Elena mining system. It is expected that an agreement for continued drilling with a long-term financial agreement will be reached in the coming weeks.

Read the article online at: https://www.globalminingreview.com/finance-business/31052021/mexus-working-towards-agreement-with-large-mining-company/

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Gold mining news