Mexus Gold US (OTC Pink: MXSG) is engaged as an American mining company, which holds claims to gold and copper mining properties in Mexico. Shares of the junior mining company are skyrocketing 207% through early trading on Monday, January 3, 2022. Over the past thirty days, Mexus Gold US has seen average daily volume of 1.37 million shares. However, volume of 43.41 million shares or dollar volume of $798,744, has already exchanged hands through early trading Monday.
Shares of Mexus Gold US are soaring to kick off 2022, after the company announced that it has entered into a letter of intent to acquire the Mabel property from Irmex Mining. The Mabel project, which is located in Northern Mexico, consists of eight concessions and spans 1,459 hectares. After lengthy negotiations between both companies, Mexus Gold US CEO, Paul Thompson, says the company is “thrilled” to be moving forward on the Mabel property deal.
Alongside its LOI news, the junior mining company announced that it has scheduled a shipment of activated carbon from its Santa Elena mine to a U.S.-based refiner during the first week of January 2022. Leaching at the Santa Elena property continues with strong grades running between .39 oz to .72 oz of Gold with an average of .66 oz returning from the pregnant pond. The company says its leaching circuit improvements should help lead to more steady production and increased recoveries.
“The signing of an agreement for the Mabel property allows us to turn our focus to finding the right JV partner for the Santa Elena project and to confirm what is believed to be a potential 1,000,000 plus ounce gold resource. I wish everyone a Happy New Year and am excited for what 2022 holds for Mexus and its shareholders,” said Mr. Thompson.
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