Photo Release -- Mexus Gold US Alaska Cable Update
August 15 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.
A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10137
On August 9, 2011 the cable pulling equipment arrived on site
approximately 100 miles northwest of Ketchikan, Alaska. On August
10, 2011 on our second cable grapple retrieving try, we connected
with the target and were successful in retrieving the cable. After
some minor equipment adjustments, the automated cable puller was
operating at 58 feet per minute. The Mexus survey boat completed
work in the Ketchikan area and Mexus President Paul Thompson, Henry
Larsen our diver, and Ken Setters our cable locating expert will
travel with the boat to Sitka, Alaska. It is expected that surveys
will be conducted for seven to ten days in the Sitka area before
moving further north approximately 150 miles. Cable has been
located in this area by our diver, Henry Larsen. Mexus believes it
is the larger cable which weighs approximately 9 pounds per foot
cable with an estimated value of nine dollars per foot depending on
the metals market for copper, lead, and manganese steel.
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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