Mexus Gold US Announces Caborca, Sonora State Mexico Update
March 26 2012 - 6:00AM
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.
Mexus placer operation is ongoing at this time producing a
positive cash flow. Mexus 300 ton per hour crushing plant is on
site and expected to be set up and operational by April 25th. Mexus
newly acquired ball mill and equipment is also on site and awaiting
the construction crew to complete the retaining walls and
foundation work, which should be completed by March 31st. The
complete crushing and milling recovery plant will be operational by
May 1st. Mexus intends to start on the Julio vein system at first.
Mexus continues to core drill on the Julio and is planning to bring
in a second drilling contractor to do reverse circulation drilling
to 600 feet under the supervision of our geologist. Mexus believes
that it can prove a 1,000,000 ounce gold reserve with its high
grade vein and intended open pit operations.
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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