CARSON CITY, Nev., Nov. 18, 2010 (GLOBE NEWSWIRE) -- Mexus Gold U.S. (OTCBB:MXSG), is a mining company engaged in the evaluation, acquisition, exploration, salvage and recovery of gold, silver and copper projects. Mexus is pleased to announce the results of its recent cable pulling operations in Alaska were successful. On October 29, 2010, the Mexus tugboat "Caleb" and its 230 foot barge arrived in Ketchikan, Alaska. The tug and barge are fully equipped with automated cable pulling and underwater electrical equipment, magnetometer, underwater cable identifier, remote cameras and a high definition scanning sensor, and a cable left buoy marking system.
Photos accompanying this release are available at and
CEO, Paul Thompson stated, "The automated cable pulling equipment worked as designed. On November 11, 2010, we located our target cable, and then we were able to grapple on to the cable. We pulled one end into our cable pulling machine, pulled it up and cut the cable into 7' foot lengths. We were able to retrieve the material at the rate of approximately sixty feet per minute. Samples of the cable retrieved in this initial operation will be sent to the processing center for analysis to create a procedure for bulk processing of the salvaged material. We plan on shipping a container load of the salvaged cable to Walnut Grove, California, for analysis." Paul Thompson went on to state, "The operation put the crew and equipment through a vigorous test due to weather conditions and everything went extremely well with no mishaps. The tug boat, barge and equipment are now in transport to its home base in Washington. Mexus plans to add additional personal quarters aboard the barge so we can operate 24 hours a day stating as early as mid March 2011, weather permitting."
To view video of the Cable Recovery Project please visit:
About Mexus Gold U.S. (OTCBB:MXSG) is a mining company engaged in the evaluation, acquisition, exploration, salvage and recovery of gold, silver and copper projects in the State of Sonora, Mexico, the Western United States and Alaska. Mexus Gold U.S. 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, , or download our corporate profile at:
For more detailed Investor Information please visit: http://www.premierstocks.tv/images/company_links/mexus.pdf
The Mexus Gold U.S. 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.
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CONTACT: Mexus Gold U.S. Paul Thompson, President & CEO 775-721-9960 Premier Media Service, Inc. Kelly Black, President 480-649-8224