Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company")
The company announced today that it is still in negotiations
with two separate parties for funding of the Julio/Santa Elena
projects. CEO Paul Thompson added, "We believe that our property
has a 1 million ounce gold potential. Given that, we are being very
careful when considering our options. I appreciate the continued
support of our shareholder base and ask for patience during this
time. I'm optimistic that we will work something out. We have
the property, there is gold, and we have our permits which makes us
an attractive partner. That being said, I won't give away the
property."
The company is also seeking a qualified person to explore
additional financing possibilities. Mr Thompson added, "Even though
I believe that one of the deals mentioned will get done, we will
continue to keep all of our options open."
Finally, the company is expecting payment from a current debtor
that will help complete the move of the placer. The company is in
the process of moving equipment and hopes to have the placer
operational within the next 30 to 45 days.
About Mexus Gold US
MEXUS GOLD US is an American-based exploration company with
holdings in Mexico. Mexus' fully owned Julio/Santa Elena
property is located 54km NW of Caborca, Mexico. This property sits
in an area which is currently being mined by some of the largest
mining companies in the world. Mexus has drill results which
show a high grade, multi vein system throughout the
property. The company looks to have this property in full
production by the end of 2014. Mexus also owns the rights to
the Ocho Hermanos property, which is located 80km NE of Hermosillo,
Mexico. This property will be drilled to show a proven reserve once
our flagship property is in full production. Preliminary
drilling on this property has been extremely promising. 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
www.mexusgoldus.com.
Cautionary Statement
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
Inquiries
Paul Dent, 425-478-4908
pdent@mexusgoldus.com
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