Photo Release: Mexus Gold U.S. Moves ACP Equipment to Begin Operation on Cable Project
September 27 2010 - 8:51AM
Mexus Gold U.S. (OTCBB:MXSG), a Nevada
Corporation, is pleased to announce Mexus's Tug "The Caleb" is
moving our 230' barge to a boat yard north of Seattle, Wash., near
the Canadian-U.S. border, where the boat yard has been retained to
set our special Automated Cable Pulling "ACP" Equipment on the
large barge with their 100-ton crane.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8055
CEO Paul Thompson states, "We are moving forward with the
placement of the ACP Equipment on the barge, which is set to begin
on Sept 29, 2010. Once this is completed it will allow us to move
the tug and barge into place and begin cable recovery operations
mid-October in Alaska." He went on to state, "With the purchase of
this equipment, and our previously announced funding contract with
PowerCom Services, we are ready to rapidly move forward toward
recovering cable and starting to generate multiple revenue streams
for Mexus."
Earlier Mexus announced the details of our equipment purchase
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.
The picture shows Mexus Automated Cable Pulling "ACP" Equipment,
which is a fully automated track pulling shearing system,
specifically built 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.
About Mexus Gold U.S. 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 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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