Mexus Gold US Placer and Hard Rock Mine Updates
June 18 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 exploration activities for the salvage of
precious metals contained in submarine communication cable.
The Caborca Properties, which cover approximately 3,500
hectares, have become our primary focus. Initially, we installed a
small placer recovery plant to conduct tests on the prospective
placer and hard rock areas and to determine the viability of
continuously mining the placer deposits and the known Julio quartz
vein deposit. The successful results obtained from this project
brought us to the conclusion to move forward and begin mining
operations in those areas. The Company has also retained an
independent geologist to provide us with a report covering his
evaluation and analysis of other nearby prospective areas which
have indications of exploration potential.
The following briefly describes our recent activities and plans
for the particular prospective areas we presently have knowledge of
within the Caborca Properties.
Placer Operations Caborca, State of Sonora, Mexico
With the initiation of the placer mining project, the positive
results quickly became apparent and gave indications the project
possessed the potential to become successful. The decision was then
made to add additional equipment which will increase the production
of processed ore by more than double the current levels established
by the original plant. The new equipment has arrived at the mine
site and is now being assembled for operation.
Hard Rock Operations Caborca, State of Sonora, Mexico
We have now scheduled the Julio quartz deposit for the
installation of a 120 ton per day crushing and milling recovery
plant, which we recently purchased. We have collected samples
within this particular quartz vein deposit which had assay analysis
results from .250 to 5.5 ounces of gold per ton.
Our plans for the Caborca Properties are:
- Initiate the placer mining operation with the new and larger
equipment during the month of July.
- Initiate the hard rock mining operation with the recently
acquired crushing and milling equipment during the month of
August.
- Continue the drilling program we began during 2011.
- Utilize the findings of the independent geological reports to
fully exploit the placer deposit areas and the Julio quartz vein
for production purposes and begin new exploration activities on
prospective areas with surface indications similar to the Julio
quartz vein deposit.
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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