When a company delivers on its commitments, the news can be enough to send its stock sharply higher.
Mexus Gold US (OTC:MXSG) announced Wednesday that it had satisfied a $105,000 loan commitment on time.
What’s more, the miner, based in Caborca, Mexico, announced that the 2,500-ton leach pad at its Santa Elena mine is returning solution to the holding pond.
Mexus has pumped 500 cubic meters of solution to the heap pad with 500 PPM NACN maintaining a Ph of 11.0 and a return flow of 350 M3 testing at 1.1 Au to start. Mexus will be adding new ore to the pad with the Merrill Crow gold recovery system running weekly to keep up with production
Shares in MXSG rocketed one-10th of a cent, or 11.1% near the close Wednesday to a penny, on volume of 763,000
