At Met-Solve, preliminary 24-hour cyanide bottle rolls were conducted on each of the samples. Both the calculated head grades in gold and copper, and the gold and copper in solution were found to be almost identical to those of the bulk sample tested by KCA. Therefore, the author is satisfied that the KCA samples were from the Magistral deposit and that the KCA test work can be used in assessment.In actuality, seven tests were conducted. For the central pit, two samples from different depths were bottle rolled (sample Nos. 1 and 1a), which showed remarkably similar head grade and recovery. From Pit #5, bottle rolls were conducted using alternative pH reagents to determine unit consumptions of each. Again, both showed almost identical head grade, recovery, and reagent consumptions. Although KCA conducted preliminary metallurgical test work, considerably more test work is required in order to ensure that the recommended improvements to the plant and infrastructure will result in optimizing gold recovery. PAST METALLURGICAL BENCH-SCALE TEST WORK The core from the 24 holes was collected in late 2011 and shipped to Kappes Cassiday Associates (KCA) in Reno, Nevada for metallurgical test work. KCA is one of the premier consulting companies in cyanide heap leach (CHL), carbon-in-leach (CIL) and carbon in pulp (CIP). At the KCA lab, the samples were dried, crushed and combined to form a homogeneous mixture upon which bottle-rolls cyanide tests were conducted, and which resulted in gold recoveries averaging in the range of 80 to 84%. Based on MX Gold's due diligence work, the 500 tonne/day Dynamic Cyanide Plant is being upgraded to take 1000 tonnes/day. Magistral Project Mineralized Tailings Project: A historical estimate was completed by Corporation Ambiental de Mexico, S.A. de C.V. referred to as "CM" on January 20, 2012 titled "Perforacion y Muestreo en Presa de Jaleas Estimation Volumetrica, Tonelaje y Ley Promedio". CM reported from an auger drilling program a probable reserve of 1,292,917.2 tonnes averaging 2.06 grams/tonne gold. No preliminary feasibility or feasibility study was completed to support the historical estimate of probable reserves.
The assumptions for this estimate are based on 58 auger samples, 2.45 to 3.0 metres in length from 24 drill holes. There has been no additional work on the tailings project since January 20, 2012 to upgrade or verify the historical estimate. MX Gold Corp. stated that an independent, qualified person has not done sufficient work to classify the historical estimate as a current mineral resource or reserve and is not treating the historical estimate as a current mineral resource or reserve.Bullet Points
- 24 auger drillholes have been completed of the tailings using a hollow stem auger.
- Drilling tested 96,000 square metre area.
- Average depth of tailings - 7.91 metres.
- 58 auger samples ranging from 2.45 to 3.0 metre lengths were submitted for analysis. Results range from 0.49 to 4.21 grams/tonne gold.
- Average gold grade - 2.06 grams/tonne
"Akash Patel"Akash Patel, Vice President and Director, MX Gold Corp. For further information, please contact Dan Omeniuk, CEO Email: firstname.lastname@example.org Or by email to: email@example.com 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.