- Current report filing (8-K)
February 18 2010 - 6:03AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
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February
11, 2010
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MEXUS
GOLD US
(Exact
name of registrant as specified in its charter)
Nevada
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000-52413
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20-4092640
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
Incorporation)
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Identification
Number)
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1805
N. Carson Street, #150
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Carson
City, NV 89701
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(Address
of principal executive offices)
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(858)
229-8116
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(Registrant’s
Telephone Number)
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_____________________________________________________________________________________
(Former name or former
address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
3.02 Unregistered
Sales of Equity Securities.
On
October 20, 2009, the Company entered into a 180 day option agreement with Mexus
Gold Mining, S.A. de C.V. pursuant to which the Company acquired the right to
acquire 99% of the capital stock of Mexus Gold Mining, S.A. On
February 11, 2010, the Company issued 20 million restricted shares of the
Company’s common stock as the exercise price of the option. The
issuance of the securities was deemed to be exempt from registration under the
Securities Act in reliance on Section 4(2) of the Securities Act of 1933 as a
transaction by an issuer not involving any public offering.
Item
8.01 Other
Events
Mexus
Gold US is a mining company engaged in the evaluation, acquisition, exploration
and advancement of gold, silver and copper projects in the State of Sonora,
Mexico and the Western United States. Mexus Gold US is dedicated to
protect the environment, provide employment and education opportunities for the
communities that it operates in.
The
company’s current projects are described below:
Ocho
Hermanos
The main
feature is a sulfide zone composed primarily of galena with some pyrite and
arsenopyrite. Above this zone there is an oxide zone composed of iron and lead
oxides. Recent grab samples taken indicate that values over 5,000 grams per ton
of silver were encountered. These samples may not reflect the average grade.
However, grab sample results indicate silver values over 3,000 grams per ton
appear to be not unusual. Gold in the samples ranged from 1 gram per ton to over
5 grams per ton.
370
Area
This zone
is composed of a sedimentary sequence (limestone, quartzite, shale) intruded by
dacite and diorite as well as rhyolite. The docite exhibits argillic alterations
as well as silicification (quartz veins). The entire area is well oxidized on
the surface. This is an area of classic disseminated low grade gold and silver
mineralization. Surface grab sample assays show 0.14 grams per ton to as high as
29.490 grams per ton gold. This area is an important area for potentially
defining an open pit heap leach project.
El
Scorpion Project Area
This area
has several shear zones and veins which show copper and gold mineralization’s.
Recent assays of a 84’ drill hole shows 2,887 grams per ton to 1,139 grams per
ton of copper and 3.971 grams per ton to 0.072 grams per ton of gold. Another
assay of rock sample from the area shows greater than 10,000 grams per ton
copper. This land form distribution appears to be snonymous to the ideal
porphyry deposit at Baja La Alumbrera, Argentina.
Los
Laureles
Los
Laureles is a vein type deposit mainly gold with some silver and copper. Recent
assays from grab samples show gold values of 67.730 grams per ton gold, 38.4
grams per ton silver, 2,800 grams per ton copper.
Nevada
Property
Mexus
Gold US controls Nevada Pacific Rim’s silver and gold property. The
Pacific Rim property is located in Esmeralda County, Nevada
. C
onsisting of approximately
150 acres of patented mining claims with water rights and 22 unpatented lode
claims and two mill site claims. Management believes this is a strong
exploration target. To date, 51 holes have been drilled on the patented
lands. However, Mexus has not verified the authenticity of any of
these representations at this time.
Cable
Salvage
Mexus
Gold US Cable Salvage. Operations are expected to be concentrated from San
Diego, CA to Alaska. It’s reported, but not yet verified by Mexus to date, to
contain in excess of 400,000,000 pounds of salvageable copper.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
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MEXUS
GOLD US
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/s/
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Paul
D. Thompson
_________________________
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By:
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Paul
D. Thompson
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Its:
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President
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