Mexus Gold US Cable and Mining Updates
August 22 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.
Cable Update
Mexus automated cable pulling equipment is working as planned
and is pulling cable approximately 150 miles north of Ketchikan,
Alaska. The cable recovery equipment will remain in operation
through November 2011. The Mexus cable surveying boat is working
200 miles north of the pulling operation gathering information and
locating additional cable along with mapping. Ken Setters and
native diver Henry Larsen will remain in Alaska with the survey
equipment gathering additional information for the future of Mexus
Submarine Cable Pulling operations.
Mexico Mining Operations Update
Mexus has drilled and completed its deep 8" diameter water well
and has tested its new piping system in Caborca, Sonora State
Mexico. The last of Mexus gold recovery equipment has cleared
Mexican customs and is being set up at this time and should be in
production as soon as September 1, 2011.
Mexus has completed necessary work and has mined a small
quantity of silver ore at the 8 Brothers mine site. At this time,
Mexus is awaiting a blasting permit for the 8 Brothers project.
Elias Badilla, Mexus person in charge of the 8 Brothers mine site
states that although difficult to obtain, the blasting permit will
save Mexus time and money for years to come. Elias ensures Mexus
that the permit will be issued soon.
President Paul Thompson states that Mexus Gold US is moving
forward with its Gold/Silver mining projects and believes that when
Mexus completes its building of a sound foundation, the future of
Mexus will be assured.
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
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