Mexus Gold U.S. (OTCBB:MXSG), a mining company
engaged in the evaluation, acquisition, exploration, salvage and
recovery of gold, silver and copper projects today provided an
update and outlined its corporate strategy in an open letter to
shareholders from Company CEO, Paul Thompson.
Mr. Paul Thompson, CEO stated, "This has been a tremendous
growth year for Mexus Gold U.S., I am happy to offer our
shareholders this update on our company progress. I am very proud
of the progress made on our multiple mining concessions and the
cable recovery salvage project in Alaska and western coast of the
United States. We have seen a lot of hard work from the people
associated with Mexus Gold U.S. that contributed to our successful
year in 2010".
Dear Shareholders:
I am pleased to write you about our business success over the
past twelve months.
This letter is intended to update you on the overall progress
the Company has made in 2010 and specifically the progress that we
have made on the development of our Alaska Cable project,
acquisition of mining opportunities, placement and purchase of
mining equipment, a tug boat, barge and the addition of key people
providing services to put these projects on a path to success.
This past year marked growth of Mexus Gold U.S. with many
significant milestones having been met. It was a year during
which we secured the financing we needed in order to purchase a tug
boat and barge, build and install an important piece of Automated
Cable Pulling equipment on the barge and conduct test operations
offshore Alaska. The accomplishments of 2010 position us very well
for 2011 in our cable salvage and mining opportunities.
During 2010, we achieved the following milestones:
January 2010 - Mexus Gold U.S. acquired the
rights to salvage submarine cable from Universal Systems, Inc.
Monday, April 12, 2010 - Mexus Gold U.S. to
Commence Recovery Operations of cable,
Monday, July 12, 2010 - Mexus Gold Enters Into
Contract to Fund Cable Recovery with Power 3 Com
Monday, July 19, 2010 - Mexus Gold U.S.
Announces Company Executed Agreement to Process Mineralized
Material From the 8 Brother's Mine
Tuesday, August 31, 2010 - Mexus Gold Contracts
to purchase Tug, Barge, and Hires Operator to Advance Cable
Project
Tuesday, September 14, 2010 - Mexus Gold U.S.
Releases NI 43-101 Technical Report on the El Scorpio Project
Guadalupe De Ures Property Sonora, Mexico
Monday, September 27, 2010 - Mexus Gold U.S.
Moves ACP Equipment to Begin Operation on Cable Project
Wednesday, October 20, 2010 - Mexus Gold U.S.
Phase I Drilling Finalized for U.S. Operations Esmeralda County,
Nevada
Friday, October 29, 2010 - Mexus tugboat
"Caleb" and its 230 foot barge arrived in Ketchikan, Alaska.
Tuesday, November 2, 2010 - Mexus Gold U.S.
Announces Operating Equipment Arrives at Ketchikan, Alaska
Thursday, November 18, 2010 -- Mexus Gold U.S.
Announced Successful Alaska Cable Pulling Operations results of its
recent cable pulling operations in Alaska were successful. 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.
Thursday, December 16, 2010 - Mexus Gold U.S.
Announced Operating Equipment Arrives at Ocho Hermanos Mine in
Hermosillo, Mexico. The Ocho Hermanos mine located in northern
Mexico and owned by Mexus Gold U.S., Mexico Division, Mexus Gold
S.A. de C.V. is now ready to enter into production operations with
the arrival of equipment provided by Mexus Gold U.S. The transport
and installation process of this equipment is very important to the
Company. It demonstrates our commitment to our projects in Mexico
and our ability to provide the means to make this type of project
move forward. Our permitting process is going well with all of the
paperwork required to initiate operations completed and filed with
the appropriate authorities. In addition, we were encouraged by our
ongoing drilling program in such a manner that we felt we could
move forward into the initial production stage of developing the
Ocho Hermanos project.
As you can see, we expect 2011 to be an exciting year for your
Company and we look forward to reporting our progress throughout
the year to all our shareholders. For complete press release
information please visit our website under the investor tab for all
up to date information www.mexusgoldus.com
About Mexus Gold U.S. (OTCBB:MXSG) is a company
engaged in the mining industry for the purpose of producing
precious metals, including gold, silver and copper, from its
projects located in the state of Sonora, Mexico and in the states
of Nevada 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 for more detailed
Investor Information please visit:
http://www.premierstocks.tv/images/company_links/mexus.pdf
To view progress video of the Cable Recovery
Project please visit:
http://www.premierstocks.tv/index.php?option=com_content&view=article&id=242:mxsg
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, President
480-649-8224
866-216-8814
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