Mexus Gold U.S. Announces Operating Equipment Arrives at Ketchikan, Alaska
November 02 2010 - 5:21PM
Mexus Gold U.S. (OTCBB:MXSG), a mining company
engaged in the evaluation, acquisition, exploration, salvage and
recovery of gold, silver and copper projects, is pleased to
announce that the Mexus tugboat "Caleb" and its 230 foot barge
arrived in Ketchikan, Alaska on October 29th 2010. It is equipped
with automated cable pulling equipment and underwater electrical
equipment, magtonetor, underwater cable identifier, remote cameras
and a high definition scanning sensor, and a cable left buoy
marking system.
CEO Paul Thompson stated, "The transport and setup of our
operating equipment is an extremely essential part of our project,
and now that it is accomplished, although late in the season, Mexus
Gold will start to pull cable while fine-tuning our equipment and
crew. We expect our project should be 100% operational by
spring."
Paul Thompson will be in Alaska on Tuesday, November 2, 2010. By
the next Tuesday, November 9, 2010, Mexus expects to have cable on
barge deck. Mexus will work as long as weather permits in the
Alaskan waters and then move tug and barge to Washington
State. Mexus will be ready in early spring to start pulling
cable again in the Alaskan waters and intends to pull cable 24
hours a day with two crews until we have 4 million pounds of cable
or a safe load for weather conditions. At that point, the barge
will be off loaded, during which time the crew will have four days
off. Mexus expects to average two barge loads per month beginning
in early spring.
To view video of the Cable Recovery Project
please visit:
http://www.premierstocks.tv/index.php?option=com_content&view=article&id=242:mxsg
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 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 or to see
the full report, 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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