Photo Release -- Mexus Gold US Enters Into a Joint Venture
November 12 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=15694
Mexus Gold US is pleased to announce that on November 1, 2012,
Mexus Gold US and Mexus Enterprise S.A. de C.V., a subsidiary
wholly owned by Mexus Gold Mining S.A. de C.V., entered into a
Joint Venture Agreement, for a term of fifty years, with Minerals
La Negra S. de R.L. de C.V. and Trinidad Pacifica S. de R.L. de
C.V. on certain mining concessions, a part of which are currently
in the extraction and commercialization of minerals, located about
100 km southwest of the Municipality of Caborca, Sonora, Mexico.
Mexus will serve as operator and receive 60% ownership and net
revenue participation from the concession presently under
production and extraction operation and in the concessions, leasing
rights, environmental authorizations including all of the assets
situated on the remaining lands.
The Joint Venture assets consist of 18 concessions located on
and around 650 hectares, a 14 hector leach pad with a 2,000 gallon
per minute Merrill crow recovery plant. All necessary smelting and
lab support equipment, the mining equipment and the processing
plant rated at 6,000 tons per day are located on the property and
ready. The Joint Venture plans to restart the leaching recovery
process on a leach pad that presently has approximately 2,600,000
tons of productive ore in place. President Paul Thompson states
that "we are very excited about the future of the Joint Venture
which has 108 employees including mining engineers, metallurgists,
geologists, lab techs, smelters, equipment operators, and security
guards and generated strong revenues over the past three years. The
opportunity to enter into this operation presented itself to us and
after studying the supporting data and evaluating all of the
circumstances surrounding the project we gave the go ahead for our
legal advisor to move forward and now here we are."
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.
The photo is also available via AP PhotoExpress.
CONTACT: Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
Mexusgoldus@aol.com
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