Mexus Gold U.S. Updates Progress of Submarine Cable Recovery Crew, the Eight Brothers Mine in Sonora, Mexico and Caborca Santa E
May 09 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. C.E.O. Paul Thomson updates the following
projects.
Submarine Cable Recovery – Project update
C.E.O. Paul Thompson stated, "I am pleased to announce that the
Submarine Cable Recovery Crew, headed by Captain Brain Farcy and
Ken Setters along with crew has successfully located cable in the
water off Washington State and at this time is proceeding forward
with the lifting process." He went on to state, "Meanwhile the
survey boat is being ready for shipment to Alaska with a dive
team."
Eight Brothers Mine, Sonora Mexico – Project
update
Mr. Thompson reports, "While in Mexico the Eight Brothers Mining
crew has been hard at work on grading the project and is nearly
completed the bypass channel around the Eight Brothers Mine along
with the special recovery equipment."
Caborca Mine Santa Elena Mexico – Project up
date
Friday May 6th, 2011 Mr. Thompson and the Caborca mine crew
started building the site were the Trammel and Placer equipment
will be located. In doing so the sons of the ranch owner showed Mr.
Thompson how they use metal detector in the path to locate gold
nuggets on the property. In the first ten minutes a 1.5 gr. Nugget
was recovered where the placer plant will be located.
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: Premier Media Service Inc.
Kelly Black, President
(480) 649-8224 or 866-216-8814
Mexus Gold U.S.
Paul Thompson, President/CEO
775-721-9960
Mexus Gold US (CE) (USOTC:MXSG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mexus Gold US (CE) (USOTC:MXSG)
Historical Stock Chart
From Jul 2023 to Jul 2024