CARSON CITY, Nev., Mar 26, 2012 (GlobeNewswire via COMTEX) — 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 placer operation is ongoing at this time producing a positive cash flow. Mexus 300 ton per hour crushing plant is on site and expected to be set up and operational by April 25th. Mexus newly acquired ball mill and equipment is also on site and awaiting the construction crew to complete the retaining walls and foundation work, which should be completed by March 31st. The complete crushing and milling recovery plant will be operational by May 1st. Mexus intends to start on the Julio vein system at first. Mexus continues to core drill on the Julio and is planning to bring in a second drilling contractor to do reverse circulation drilling to 600 feet under the supervision of our geologist. Mexus believes that it can prove a 1,000,000 ounce gold reserve with its high grade vein and intended open pit operations.
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.
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SOURCE: Mexus Gold US
CONTACT: Mexus Gold US
Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
[email protected]
