An American miner, with substantial holdings south of its border, unveiled exciting news on Monday.
Mexus Gold US (OTC:MXSG) told investors production at its Santa Elena mine located in Caborca, Mexico. All systems are working properly but the company has reached capacity with the Merrill Crowe gold recovery plant currently in use.
Monday’s news release pointed out that the plant is running at 30gpm and producing three ounces of gold per day. Mexus is moving a new plant from its Walnut Grove, Calif. office which will have the ability to run up to 500gpm. The new equipment is expected to be operational in October.
The fully owned Santa Elena mine is located 54 kilometres NW of Caborca, Mexico.
Shares forged ahead one-10th of a cent, or 6.7%, by just after noon hour ET, to 1.6 cents, on 838,000
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