CARSON CITY, Nev., Jan. 18, 2011 (GLOBE NEWSWIRE) -- Mexus Gold U.S. (OTCBB:MXSG), is a company engaged in the evaluation, acquisition, exploration and development of mining properties and conducts salvage operations for the recovery of precious metals. Mexus Gold U.S. has announced that the Company agreed to provide funding to Mexus Gold Mining S.A. de C.V. for the purpose of acquiring purchase and lease rights covering lode deposits and placer deposits to approximately 7,900 acres situated in northern Mexico. The lands are located in what is commonly referred to as the "Golden Triangle" in geological terms because of the number of gold deposits discovered in the area. About 30km to the south lays the largest open pit mine in Mexico that is a joint venture between Newmont and Penoles. Historically, the area produced a gold nugget, shown in the photo, weighing 12 kilos (26.45lbs) in total weight. Initial tests are planned to evaluate the placer deposits in February of this year.
A photo accompanying this release is available at
Mexus President/CEO Paul Thompson stated, "This is a tremendous opportunity that came together after many months of effort and will provide our Company with excellent property to explore and evaluate."
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 education opportunities for the communities where they operate. For further information or to see the full report, visit , or for more detailed Investor Information please visit: .
The Mexus Gold U.S. logo is available at
To view progress video of the Cable Recovery Project please visit:
Shown in the photo, Gold Nugget weighing 12 kilos (26.45lbs) in total weight
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 at Newscom, , and via AP PhotoExpress.
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