CARSON CITY, Nev., Sep 16, 2013 (GLOBE NEWSWIRE via COMTEX) — Mexus Gold US (otcqb:MXSG), Mexus is pleased to share the recent report furnished by geologist Ing. Javier Martinez on our newly acquired San Felix Mine at the Mexus Enterprises SA de CV project formerly Mexus Trinidad of Sonora State, Mexico. Mexus has acquired land at that site as the report indicated.
Mexus, at this time, has made arrangements with a drilling company to complete 10,000 feet of drilling on the San Felix. Mexus has decided to use outside mining contractors to drill, blast, mine, and deliver to the crusher our fresh ore from the San Felix to the pads. We intend to start with one to two thousand tons per day and increase to six thousand tons per day as conditions allow. By using a mining contractor, Mexus can project an accurate cost per ounce. Our quotes are around two dollars per ton.
San Felix Project Report: http://media.globenewswire.com/cache/13013/file/21972.pdf
About Mexus Gold US (otcqb:MXSG)
Mexus Gold US is a gold, silver and copper exploration company focused on projects in the Western United States and Northern Mexico. Mexus Gold US and its subsidiaries Mexus Enterprises S.A. de C.V. and Mexus Gold Mining S.A. de C.V. have several mining operations in Mexico. Mexican operations include the San Felix Mine; the Mexus-Atzek Mine, a joint venture agreement with Atzek Mineral S.A. de C.V.; the Julio Mine and other prospective areas awaiting additional exploration and evaluation. Mexus Gold Mining S.A. de C.V. and Mexus Enterprises S.A. de C.V. employ over 60 people and utilize third-party consultants and geologists to assess its mining exploration and operations for gold and other precious metal values. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates. For more information on Mexus Gold US, visit mexusgoldus.com.
Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company’s future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company’s partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Paul Thompson CEO/President
(775) 721-9960
[email protected]
