CARSON CITY, Nev., May 9, 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. C.E.O. Paul Thomson updates the following projects.
Submarine Cable Recovery – Project update
C.E.O. Paul Thompson stated, "I am pleased to announce that the Submarine Cable Recovery Crew, headed by Captain Brain Farcy and Ken Setters along with crew has successfully located cable in the water off Washington State and at this time is proceeding forward with the lifting process." He went on to state, "Meanwhile the survey boat is being ready for shipment to Alaska with a dive team."
Eight Brothers Mine, Sonora Mexico – Project update
Mr. Thompson reports, "While in Mexico the Eight Brothers Mining crew has been hard at work on grading the project and is nearly completed the bypass channel around the Eight Brothers Mine along with the special recovery equipment."
Caborca Mine Santa Elena Mexico – Project up date
Friday May 6th, 2011 Mr. Thompson and the Caborca mine crew started building the site were the Trammel and Placer equipment will be located. In doing so the sons of the ranch owner showed Mr. Thompson how they use metal detector in the path to locate gold nuggets on the property. In the first ten minutes a 1.5 gr. Nugget was recovered where the placer plant will be located.
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:
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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: Premier Media Service Inc. Kelly Black, President (480) 649-8224 or 866-216-8814 Mexus Gold U.S. Paul Thompson, President/CEO 775-721-9960