Sent to 48 I update with PR’s
Includes Rob McEwen follows since 2010, John Doody , Greg Patterson and Jason Reid at GRC, Mark Meade Baillie Gold Update , Corrado Degasparas and Scott Jolcover at LODE and usual suspects. General consensus ? I’m not a dunce. Non- ignored RB posters hold that position. 8
To
This Sept 20 was the trip he was NOT going to announce until return after the early Sept mandated Mexus US/ Mexico Mexus meeting for the quarter. Now was there a Caborca wedding planned needing guests flown in?
Lots there if you know what to see. Matt is just an expert CA driller I’ve met a few times who has already used the HF core size drill to get 800′ of diamond drills in the lower sheer zone below the Julio veins area. Its just above the quartz stock zone used for placer which is simply the washed down veins eroded over eons to bottom valley as white stone rubble and deep sandy soil. Matt’s a good friend and very loyal to Paul. Has health issue but worth waiting for him to get well shortly and back to finish the 10 core and into RC area drills. Meantime 108′ are in Reno assay and should be news we’ll like and impress any suitors. Now none yet qualify as partners, decision is to move placer and that’s being done. Nobody EVER said we had a blast permit. Was stated could share one with a contractor. Rather than contract the underground and share Julio 2 shaft product was decided to use blasting supplier contact from San Felix operation to apply for own explosive permit in expedited fashion. Same time a use permit is needed for starter heap pad aiming for an initial 1000 ton daily increasing to 5K ( plan’s been 6K all along) as kinks are ironed out. Means building new ponds needed for increased placer as well. Placer and ponds move to ready selected area but pad will be placed where the RC drilling puts them in barren area.
Once we found the taxes paid were improper under the rules 90 day 10% loans were taken in shareholder placements. A self closing deal gets us this far. I said “I do wan no stinkin 10%” and went for purchases instead. He is VERY confident the $4 mil of Silver Pursuit is valid by March and let them plan on using that collateral to move along alone. We’re again assured what all should know by now it will require money for value to join as a partner.
Never the best news possible. Does prove San Felix was worthwhile in the buy out now being used with initial debt pay off. Established Mexus as worthy of trust in Sonora where honesty is rare find but assures me at least the placer gold that tumbled across my hands or popped up from dirt with detector or chipped free from Julio 2 face will return as many fold increase to my investment. Year ago wouldn’t have been soon enough… year from now will surely do. 8