Photo Release -- Mexus Gold U.S. Provides Funding for Acquisition of 7,900 Acres in Northern Mexico
January 18 2011 - 9:17AM
Mexus Gold U.S. (OTCBB:MXSG), is a company engaged
in the evaluation, acquisition, exploration and development of
mining properties and conducts salvage operations for the recovery
of precious metals. Mexus Gold U.S. has announced that the Company
agreed to provide funding to Mexus Gold Mining S.A. de C.V. for the
purpose of acquiring purchase and lease rights covering lode
deposits and placer deposits to approximately 7,900 acres situated
in northern Mexico. The lands are located in what is commonly
referred to as the "Golden Triangle" in geological terms because of
the number of gold deposits discovered in the area. About 30km to
the south lays the largest open pit mine in Mexico that is a joint
venture between Newmont and Penoles. Historically, the area
produced a gold nugget, shown in the photo, weighing 12 kilos
(26.45lbs) in total weight. Initial tests are planned to evaluate
the placer deposits in February of this year.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8612 Mexus
President/CEO Paul Thompson stated, "This is a tremendous
opportunity that came together after many months of effort and will
provide our Company with excellent property to explore and
evaluate."
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, visit www.mexusgoldus.com, or 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 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
Shown in the photo, Gold Nugget weighing 12 kilos (26.45lbs) in
total weight
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 photo is 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 or (866) 216-8814
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