Mexus Gold US to Commence Recovery Operations
April 12 2010 - 9:30AM
Marketwired
Mexus Gold US (OTCBB: MXSG) is proud to announce that it has
received the green light to retrieve submarine cable in the Pacific
Ocean. In January 2010, Mexus Gold US acquired the rights to
salvage submarine cable from Universal Systems, Inc. and it is
expected that recovery operations will commence in June of this
year.
Paul Thompson, President - CEO of Mexus Gold, stated, "We are
very excited about the recovery salvage rights for the submarine
cable. This is the first step in operational revenue growth." He
went on to state, "In addition to acquiring the salvage rights, we
have brought on the proper management team to successfully commence
operations in Alaska."
Mexus Gold US Cable Salvage Mexus Gold US
announces Mr. Ken Setters has joined the Company as head of the
submarine cable salvage project. Since September 2009, Ken has been
locating and verifying the extent of the submarine cable. It is
through Ken's hard work and persistence that the Company is now in
a position to move forward with designing and purchasing the
special equipment required for this endeavor. Initial operations
will begin in Alaska with Phase 2 extending south to Seattle,
Washington and a third phase is planned for recovery of cable from
Seattle, Washington to San Diego, California.
Mexus Gold US is presently negotiating with a group from China
which has shown significant interest in participating in the
project as well as purchasing the salvaged metals.
Mexus Gold US Retains Project Manager for
Operations in Mexico Mexus Gold US is also pleased to announce
Mr. Ray Rust has joined the Company as project manager for the
operations conducted by Mexus Gold Mining D.A. de C.V. in Mexico.
Ray comes to Mexus Gold US with 34 years' experience with one of
California's premier construction companies. Ray's years of
experience in crushing and producing aggregate, along with road and
site development, and other related earth work in combination with
his ability to manage people, equipment and resources will be of
great value to the Mexus Gold US team.
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.
For further information see www.mexusgoldus.com
Contact: Paul Thompson (775)721-9960
Mexus Gold US (CE) (USOTC:MXSG)
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