Photo Release -- Mexus Gold US Mexico Mine Operations Update
January 23 2012 - 6:30AM
Mexus Gold US (OTCQB:MXSG) is a company engaged in the evaluation,
acquisition, exploration, development and production 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=11436
Caborca Placer Operation
Mexus is now operating daily in its placer operation. Mexus has
added a 980 and 936 CAT loaders along with a second haul truck to
make our operation more efficient. Mexus is running its placer
operation on a positive cash flow at this time. Mexus has developed
a backup sand screw system that should catch more of our fine gold
and add to our profit.
Caborca Julio Drilling and Testing
Mexus is diamond core drilling as of 12/15/11 on the Julio
quartz vain. Mexus is awaiting assays on its first drill holes.
President Paul Thompson states that "Visible gold is showing in the
drill cuttings above the target Julio quartz vain in what was
thought to be overburden. If this broken, fractured material that
lies over the Julio vain continues to carry values, then Mexus will
open pit the entire area and process the high grade Julio quartz
vain by gravity and heap leach the lower value over burden.
(Visible gold is showing in the quartz vain).
About Mexus Gold US
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 CEO/President
(775) 721-9960 or (916) 776-1822
Mexusgoldus@aol.com
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