CARSON CITY, Nev., Dec. 10, 2012 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.
MEXUS TRINIDAD JOINT VENTURE UPDATE
Mexus Trinidad, association operated by Mexus Enterprises S.A. de C.V. has begun its operations on the joint venture properties in the State of Sonora, Mexico. The first objective was to establish the details of the new organization of the two companies Mexus Enterprises S.A. de C.V. and Trinidad Pacifica S. de R.L. de C.V. the company which currently owns the leases and concession rights to the mining properties. This transition is completed and working well.
Our second priority was to put the existing leach pads into production with new equipment provided by Mexus. Leaching was initiated on Pad 6 on December 5, 2012 with an estimated 90,000 tons of ore on the pad. We anticipate having the first results of this leaching recovery operation by mid December, 2012.
JULIO UPDATE
Mexus Gold Mining SA de CV has contracted with a geological firm from Caborca to conduct an Electro-Magnetic Survey of the Julio Martha Elena Claims to further identify the potential of geological targets suitable for establishing an open pit mining area. The study has begun and the results will be made available as soon as it is completed.
JULIO PLACER OPERATIONS
The placer operations through the month of November have continued to provide a positive cash flow from the gold production.
Photographs of the leaching operations on Pad 6 and placer gold recovery from the Julio Placer are posted on the website.
About Mexus Gold US
Mexus Gold US (OTCQB:MXSG) is a company engaged in the mining industry for the purpose of producing precious metals, including gold, silver and copper, from its projects located in the state of Sonora, Mexico and in the states of Nevada and Alaska. Mexus Gold US is dedicated to protecting the environment, providing employment and education opportunities for the communities where they operate. For further information or to see the full report, visit www.mexusgoldus.com.
The Mexus Gold US logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7718
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: Mexus Gold US
Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
[email protected]
