Photo Release -- Mexus Gold U.S. Announces Successful Alaska Cable Pulling Operations
November 18 2010 - 8:39AM
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. Mexus is pleased to
announce the results of its recent cable pulling operations in
Alaska were successful. On October 29, 2010, the Mexus tugboat
"Caleb" and its 230 foot barge arrived in Ketchikan, Alaska. The
tug and barge are fully equipped with automated cable pulling and
underwater electrical equipment, magnetometer, underwater cable
identifier, remote cameras and a high definition scanning sensor,
and a cable left buoy marking system.
Photos accompanying this release are available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8340 and
http://www.globenewswire.com/newsroom/prs/?pkgid=8341
CEO, Paul Thompson stated, "The automated cable pulling
equipment worked as designed. On November 11, 2010, we located our
target cable, and then we were able to grapple on to the cable. We
pulled one end into our cable pulling machine, pulled it up and cut
the cable into 7' foot lengths. We were able to retrieve the
material at the rate of approximately sixty feet per minute.
Samples of the cable retrieved in this initial operation will be
sent to the processing center for analysis to create a procedure
for bulk processing of the salvaged material. We plan on shipping a
container load of the salvaged cable to Walnut Grove, California,
for analysis." Paul Thompson went on to state, "The operation
put the crew and equipment through a vigorous test due to weather
conditions and everything went extremely well with no mishaps. The
tug boat, barge and equipment are now in transport to its home base
in Washington. Mexus plans to add additional personal quarters
aboard the barge so we can operate 24 hours a day stating as early
as mid March 2011, weather permitting."
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. (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,
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:
For more detailed Investor Information please visit:
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.
The photos are also available at Newscom, www.newscom.com,
and via AP PhotoExpress.
CONTACT: Mexus Gold U.S.
Paul Thompson, President & CEO
775-721-9960
Premier Media Service, Inc.
Kelly Black, President
480-649-8224
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