CARSON CITY, Nev., April 11, 2011 (GLOBE NEWSWIRE) -- Mexus Gold U.S. (OTCBB:MXSG) is a company engaged in the evaluation, acquisitions, exploration and development of mining properties and conducts salvage operations for the recovery of precious metals.
Mexus Gold U.S., CEO Paul Thompson states "that after reviewing drill holes results Mexus is expanding the footprint of its Ocho Hermanos pit. In doing so Mexus will enlarge its water diversion channel to the west. This work has already begun and is expected to take approximately 30 days. Mexus is preparing the Ocho Hermanos (8 Brothers) for the upcoming raining season." Mr. Thompson went on to say, "After meetings with Carey Butch Wylie and consultants in México on April 7, 2011, that for security reasons Mexus intends to modify its recovery equipment in México to produce a concentrate. This concentrate will be shipped to the U.S.A. where it can be sold on the world market or refined into bullion. Mexus is negotiating with potential purchasers for the sale of this product."
Caborca Santa Elena project update
Mine construction and recovery equipment is en route to Caborca, México. Delivery is expected to be completed by May 1, 2011. Our first goal is to install our placer equipment and commence placer mining by late May 2011.
Submarine cable recovery update
Mexus is currently waiting on the weather to resume our cable recovery in Alaska. Meanwhile Mexus is and has been working on other potential sites of recovery to include Washington and Oregon in the U.S.
About Mexus Gold U.S. (OTCBB: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 U.S. is dedicated to protecting the environment, providing employment and educational opportunities for the communities where they operate. For further information or to see the full report, , or for more detailed Investor Information please visit:
To view progress video of the Cable Recovery Project please visit:
http://www.premierstocks.tv/index.php?option=com_content&view=article&id=242:mxsg
The Mexus Gold U.S. logo is available at
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 U.S. Paul Thompson President/CEO 775-721-9960 Premier Media Service Inc. Kelly Black President (480) 649-8224 or 866-216-8814
