VANCOUVER, British Columbia, Sept. 05, 2017 (GLOBE NEWSWIRE) -- MX Gold Corp. (TSX-V:MXL)
(FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”), in its joint venture partnership with
GracePoint Mining Corp (OTC PINK:FRMA), is pleased to report on the commitment and exceptional work that is being done by
Componentes Mineros SA DE CV.
Francis R Biscan, GracePoint Mining Corp Chairman & CEO states: “We believed that one of the most critical
aspects of the Magistral project was the selection of the right contractor for the re-building and expansion of the processing
plant. We have been doing business in Mexico for over 11 years, and I can confidently say that Componentes Mineros SA DE CV is one
of the best companies that we have worked with, not only for the competent work they are doing, but also for their personal and
professional commitment to the project.”
Mr. Dan Omeniuk, CEO and Chairman of MX Gold adds, “When we entered the Joint Venture with GracePoint I made the comment, It is
rare to find both people and projects that are such a perfect fit for our vision at MX Gold. Gracepoint Mining’s focus on building
a portfolio of projects that are near term producers with upside potential is very attractive to us.”
In early 2016 our Project Team took the decision to choose a “Turnkey” Design/Build partner and a thorough process of selection
chose Componentes Mineros SA DE. Componentes Team has worked with our JV Operating Team in the same spirit of cooperative
success. Professionalism is complete.
Luis Felipe Garcia, General Manager of Componentes Mineros SA DE CV states: ”Of all that we do in serving the
mining industry, we are truly grateful when we are able to work on projects that are state of the art. Magistral is one of those
projects, and brings a unique quality to the region. The configuration of the facility will not only be ideal for the tailings that
the project controls, but it will also be well suited to serve the surrounding area from a tolling perspective.
About MX Gold
MX Gold is a junior mining company focused on the exploration and development of advanced projects located in
Mexico and British Columbia, Canada. The company’s primary focus, is the Magistral del Oro tailings project located 392 km SW of
Chihuahua and includes a fully permitted, 500 tonne-per-day dynamic cyanide countercurrent system plant constructed in
2013 and tailings containing a historic estimate of 1.25 million tonnes averaging 2.06 grams per tonne gold. The company
is currently expanding to 1000 tonne-per day which is scheduled to be completed by the 4th quarter of 2017. The Company
also owns 50% of the IDS Project, which includes a fully permitted smelter that was completed in 2014 for a throughput
capacity of 50 tonnes per day. The smelter was built to receive and process high-grade direct-ship ores and concentrates from
small-scale miners across the state of Durango and beyond.
MX Gold Corp. is also focused on the exploration, development and mining of advanced projects located in British
Columbia and Mexico. The Company’s primary focus in British Columbia is its high-grade Willa gold and copper project located 12
kilometers south of Silverton, B.C. In 2015, MX Gold Corp. completed the accretive acquisition of the Willa project and the Max
Molybdenum Mine and Mill Complex. This acquisition removed major costs and shortened timelines typically associated with mine
project development. The Willa mine is located 135 kilometers south of the Max Mill. MX Gold Corp. can also elect to reopen the Max
Molybdenum mining operation once world Moly prices improve. For updates on the Magistral Project please visit our website. www.mxgoldcorp.com
On behalf of the Board of Directors,
“Akash Patel”
Akash Patel, Vice President and Director, MX Gold Corp.
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the
TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
For further information, please contact Dan Omeniuk, CEO Email: dano@mxgoldcorp.com Or by email to: info@mxgoldcorp.com
