CARSON CITY, Nev., Nov. 2, 2010 (GLOBE NEWSWIRE) -- Mexus Gold U.S. (OTCBB:MXSG), a mining company engaged in the evaluation, acquisition, exploration, salvage and recovery of gold, silver and copper projects, is pleased to announce that the Mexus tugboat "Caleb" and its 230 foot barge arrived in Ketchikan, Alaska on October 29th 2010. It is equipped with automated cable pulling equipment and underwater electrical equipment, magtonetor, underwater cable identifier, remote cameras and a high definition scanning sensor, and a cable left buoy marking system.
CEO Paul Thompson stated, "The transport and setup of our operating equipment is an extremely essential part of our project, and now that it is accomplished, although late in the season, Mexus Gold will start to pull cable while fine-tuning our equipment and crew. We expect our project should be 100% operational by spring."
Paul Thompson will be in Alaska on Tuesday, November 2, 2010. By the next Tuesday, November 9, 2010, Mexus expects to have cable on barge deck. Mexus will work as long as weather permits in the Alaskan waters and then move tug and barge to Washington State. Mexus will be ready in early spring to start pulling cable again in the Alaskan waters and intends to pull cable 24 hours a day with two crews until we have 4 million pounds of cable or a safe load for weather conditions. At that point, the barge will be off loaded, during which time the crew will have four days off. Mexus expects to average two barge loads per month beginning in early spring.
To view video of the Cable Recovery Project please visit:
About Mexus Gold U.S.
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 and 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:
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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 (480) 649-8224