Mexus Gold Contracts Tug, Barge, and Operator to Advance Cable Project
August 31 2010 - 8:53AM
Mexus Gold U.S. (OTCBB:MXSG), a Nevada
Corporation, is pleased to announce it has entered into a purchase
contract with Brian Farcy for the 94ft Tug (Caleb), a twin Cummings
powered vessel that will also act as a crew quarters accommodating
up to an 8 man crew. In addition, Mexus has contracted Mr. Farcy to
operate the tug. He has 30 years with Tug and Barge experience in
Washington State as well as Alaskan waters. Mr. Farcy has
experience with our submarine cable. Mexus is pleased to have
Mr. Brian Farcy on board as part of our valued team.
Furthermore, Mexus has completed a contract
with Island Tug & Barge Co. for the Deck Barge ITB-230ON
298799. The 236.8ft by 60.1ft by 14.4ft barge can hold up to
6,000,000 lbs. of material. This Barge has a concrete deck evenly
spaced with H Beam rungs and a 60" fence around the perimeter that
is ideal for our pulling equipment and loading of the cable by
Mexus' fully automated track pulling shearing system, specifically
designed by Mexus for the cable project. The pulling system has
completed the first test runs and is now being readied for shipment
to a ship yard in Washington State for installing on the Barge.
Completion time is expected to be September 18th.
Mexus Gold U.S. Surveying Boat Purchased. Mexus
has purchased a 33' Pro Line offshore boat for the purpose of
surveying and identifying the cable on the ocean floor. The boat is
big enough to do the work safely but still can be trailered from
site to site by road or ferries. Mexus has ordered specially
designed underwater electrical equipment, a magtonetor, an
underwater cable identifier, remote cameras and a high definition
scanning sensor and a cable lift buoy marking system.
President/CEO Paul Thompson stated, "With the purchase of this
equipment, and our previously announced contract with PowerCom
Services we are ready to rapidly move forward toward collecting
cable and starting the generation of multiple revenue streams for
Mexus."
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, and Alaska.
Mexus Gold U.S. is dedicated to protecting the environment, and
providing 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
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