Mexus Gold U.S. Announces Drilling With New Diamond Core Drill in Caborca Mexico
March 14 2011 - 10:16AM
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. announced today the shipment of
drilling equipment capable of conducting diamond core drill
operations to the Caborca Mexico Mine site. A drilling program
scheduled to begin April 1, 2011 will focus on one of several
target areas based on recent geological evaluations conducted by
the Company. The program will consist of six boreholes to a
depth of 400 feet in the geologic area of a prolific quartz vein
system. Historical data provided to the Company has indicated
the presence of a potential mineral deposit bearing as much as five
ounces gold per ton.
President and CEO, Paul Thompson, is pleased the new equipment
is arriving at the Caborca Project site. He went on to state, "We
are very excited about the prospect of The Caborca Project which
consists of 7400 acres (3000 hectares) in Sonora State, Mexico
about 50 kilometers northwest of the City of Caborca, Sonora State,
Mexico."
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 educational 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
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
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 or 866-216-8814
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