Mexus Gold US Cable Update
August 08 2011 - 6:30AM
Mexus Gold US (OTCQB: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 US is pleased to announce current events regarding
our cable salvage project. The cable salvage project is designed to
conduct operations for the purpose of retrieving certain
communication cable, which contains a significant amount of cooper.
At this time, Mexus Gold US has focused the salvage operation on
the cable deployed in the offshore waters of northwestern United
States. The following is an update to the status of the operations
conducted thus far.
The Mexus Gold US tug, "Caleb" has now arrived in Ketchikan,
Alaska ready to commence salvage operations. Bryan Farcey, Captain
of the Caleb, said the voyage from the tug's home port in
Washington to Ketchikan went well and salvage operations are
expected to begin this week. The tug brought along a barge with
onboard cable salvage equipment and a resonance vessel with
associated equipment. The resonance vessel and associated equipment
will be off loaded and travel further north to begin surveys in
areas of known interest while the tug and ancillary equipment will
begin salvage operations nearby.
Mexus Gold US, President, Paul Thompson stated, "It has taken a
bit of time we did not originally anticipate. We are now in Alaska.
We are now equipped like we should be for this operation. We are
now ready to go forward with putting cable on the deck of the
barge. We expect this to be a five year project so we wanted
to get started in the best manner possible."
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/CEO
(775) 721-9960
(916)776-1822
Mexusgoldus@aol.com
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