Mexus Gold U.S. Announces Company Executed Agreement to Process Mineralized Material From the 8 Brother's Mine
July 19 2010 - 8:47AM
Mexus Gold U.S. (OTCBB:MXSG) announces today that
the company executed an agreement to process mineralized material
for evaluation from the 8 Brothers Mine in the state of Sonora,
Mexico. The initial shipment of 20 tons to a processing facility in
Nevada will provide the geologists and engineers the material
necessary to begin the process of designing a proper recovery
process.
President and C.E.O. Paul Thompson states that, "This step is
important to the company because we are confident from our
evaluations thus far that the extent of the geological formation we
are looking at has significant potential. If everything goes as
planned, we could see commercial operations on these properties. It
is fortunate for us we have been able to secure our land position
like we have. We control where this play might lead us in the
future and that is a good thing to know. Our analysis of this
material, both in Mexico and the United States, have indicated high
silver content with some gold, therefore, we were able to arrange
our agreement with the processing facility in such a manner that we
will see some cashflow from the sale of the metals extracted. We
are very excited about this evaluation process we are about to
embark on because it will open additional avenues and opportunities
for the future of our company."
About Mexus Gold U.S. (OTCBB:MXSG) is a mining
company engaged in the evaluation, acquisition, exploration,
salvage and recovery of gold, silver and copper projects in the
State of Sonora, Mexico, the Western United States, Alaska. Mexus
Gold U.S. is dedicated to protect the environment, provide
employment and education opportunities for the communities where
they operate. For further information see www.mexusgoldus.com or
download our corporate profile at:
http://www.premierstocks.tv/images/company_links/mexus.pdf
The Mexus Gold U.S. 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.
CONTACT: Mexus Gold U.S.
Paul Thompson, President/CEO
775-721-9960
Premier Media Service Inc.
Kelly Black
(480) 649-8224
Mexus Gold US (CE) (USOTC:MXSG)
Historical Stock Chart
From Sep 2024 to Oct 2024
Mexus Gold US (CE) (USOTC:MXSG)
Historical Stock Chart
From Oct 2023 to Oct 2024