Mexus Gold US Submarine Cable Update
August 29 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 Submarine Cable Pulling Barge, the 230 foot 4 million
pound capacity, Mexus Oceanic retriever, has completed its first
week of cable salvage operations with salvaged cable on the deck of
the barge. The retrieval equipment is operating as expected and
operations are expected to continue until the winter months
arrive.
Captain Brian Farcy states with the exception of a brief period
of rough weather and an occasional break in the cable everything is
working out fine.
Mexus Gold Survey boat has moved to a new location, and is
continuing the survey operations to identify cable locations.
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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