Mexus Gold US Mining Updates
June 10 2013 - 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.
Mexus-Trinidad Joint Venture
Mexus Enterprises S.A. de C.V. as managing partner of the
Mexus-Trinidad Joint Venture has the authority to effect
operational changes necessary for the benefit of the Joint Venture.
A complete review of all aspects regarding the procedures and
methods utilized by the operations partner of the Mexus-Trinidad
Joint Venture has now been completed. Several changes are being
instituted including the reassignment of responsibilities of the
operations partner who will no longer participate in any aspects
regarding the Joint Venture operations and will no longer be on
site. The Joint Venture will now focus on processing ore from
several open pit areas as further geological evaluations are
conducted.
The Company has retained the services of Paul Pelke, geologist,
to prepare a Canada National lnstrument 43-101 geological report
covering the Joint Venture properties. Mr. Pelke noted the known
history of the area dating back to the Spaniards who mined the area
350 years ago, as well as, recent history over the past twelve
years. Mexus expects the results of this report to indicate proven
reserves sufficient to identify the Joint Venture properties as a
first class mining area. Mr. Pelke will also engage the assistance
of Harry Slack, geologist, to evaluate the open pit areas for the
NI 43-101 report and production purposes.
Mexus Gold Mining S.A. de C.V.
Mexus acquired Merrill Crowe gold and silver recovery equipment
for the Julio Open Pit Project. The known potential production
areas are being continually evaluated and have identified ore
suitable for processing. The Julio Placer Project is producing on a
continuous basis with acceptable results. The Santa Elena Julio
Project diamond drilling program is going well with the guidance of
Mr. Slack.
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.
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: Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
Mexusgoldus@aol.com
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