Mexus Gold US Mining and Cable Update
July 11 2011 - 6:00AM
Mexus Gold US (OTCQB: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 is pleased to provide the following updates on the
following projects to our shareholders.
Submarine Cable
Mexus is pleased to announce today that the Company's tug,
"Caleb", and its 220 foot barge will be leaving for Alaska along
with the recently equipped survey boat in order to begin salvage
operations. The present schedule contemplates the return of the
tug, barge and other equipment in late fall to Washington where
operations will be conducted throughout the winter months.
8 Brothers, Sonora Mexico
The permits necessary to commence mining activities are
finalized and construction of the bypass channel around the 8
Brothers mine has been completed; therefore, the Company is
planning to begin mining operations on July 11, 2011. Construction
of the final pieces of milling equipment has been completed and
awaiting importation into Mexico.
State of Sonora, Mexico
Mexus Gold US is pleased to announce the acquisition of five
additional mining claims, approximately 1,000 acres, adjacent to
Mexus' already large holdings in Caborca, State of Sonora,
Mexico.
About Mexus Gold US (OTCQB: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 US 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.
The Mexus Gold US 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 US
Paul Thompson, President/CE
(775) 721-9960
(916)776-1822
Mexusgoldus@aol.com
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