CARSON CITY, Nev., Jul 11, 2011 (GlobeNewswire via COMTEX) — Mexus Gold US (otcqb:MXSG) is a company engaged in the evaluation, acquisitions, exploration and development of mining properties and conducts salvage operations for the recovery of precious metals. Mexus Gold is pleased to provide the following updates on the following projects to our shareholders.
Submarine Cable
Mexus is pleased to announce today that the Company’s tug, “Caleb”, and its 220 foot barge will be leaving for Alaska along with the recently equipped survey boat in order to begin salvage operations. The present schedule contemplates the return of the tug, barge and other equipment in late fall to Washington where operations will be conducted throughout the winter months.
8 Brothers, Sonora Mexico
The permits necessary to commence mining activities are finalized and construction of the bypass channel around the 8 Brothers mine has been completed; therefore, the Company is planning to begin mining operations on July 11, 2011. Construction of the final pieces of milling equipment has been completed and awaiting importation into Mexico.
State of Sonora, Mexico
Mexus Gold US is pleased to announce the acquisition of five additional mining claims, approximately 1,000 acres, adjacent to Mexus’ already large holdings in Caborca, State of Sonora, Mexico.
About 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, President/CE
(775) 721-9960
(916)776-1822
[email protected]
