Mexus Gold U.S. Updates Progress at the 8 Brothers Mine in Sonora, Mexico
April 11 2011 - 8:57AM
Mexus Gold U.S. (OTCBB:MXSG) is a company engaged
in the evaluation, acquisitions, exploration and development of
mining properties and conducts salvage operations for the recovery
of precious metals.
Mexus Gold U.S., CEO Paul Thompson states "that after reviewing
drill holes results Mexus is expanding the footprint of its Ocho
Hermanos pit. In doing so Mexus will enlarge its water
diversion channel to the west. This work has already begun and is
expected to take approximately 30 days. Mexus is preparing the Ocho
Hermanos (8 Brothers) for the upcoming raining season." Mr.
Thompson went on to say, "After meetings with Carey Butch Wylie and
consultants in México on April 7, 2011, that for security reasons
Mexus intends to modify its recovery equipment in México to produce
a concentrate. This concentrate will be shipped to the U.S.A. where
it can be sold on the world market or refined into bullion. Mexus
is negotiating with potential purchasers for the sale of this
product."
Caborca Santa Elena project update
Mine construction and recovery equipment is en route to Caborca,
México. Delivery is expected to be completed by May 1, 2011. Our
first goal is to install our placer equipment and commence placer
mining by late May 2011.
Submarine cable recovery update
Mexus is currently waiting on the weather to resume our cable
recovery in Alaska. Meanwhile Mexus is and has been working on
other potential sites of recovery to include Washington and Oregon
in the U.S.
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
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 or 866-216-8814
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