CARSON CITY, Nev., June 13, 2011 (GLOBE NEWSWIRE) -- Mexus Gold US (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 Is please to provide the following updates on the following projects to our shareholders.
Eight Brothers Mine - Ocho Hermanos
The company has completed and tested our new automated sulfite ore processor for its high grade sulfite silver ore. Mexus has been working on this new equipment since March 2011, the latest tests of June 10, 2011 shows that it works very well. President Paul Thompson goes on to say, "Mexus is going ahead with a patent on this equipment as of June 10, 2011. This processor (Mexus Silver 1200) and its support equipment is completed and awaiting importation into Mexico."
Submarine cable recovery update
Mexus moving forward on the Submarine cable recovery; Mexus has ordered from Seatronics of Houston, TX a deep water magnetometer which we are expecting delivery on June 16, 2011. This new magnetometer is capable of surveying at a depth of 3000 feet, although Mexus will be using it at approximately 1000 feet. In preparation for its arrival, Mexus has built a custom hydraulic retriever capable of working at this depth. President Paul Thompson goes on to say, "This new equipment will first be used in Washington State waters where Mexus' cable crew has located and identified a section of its submarine cable. Mexus will be working for a short time in Washington waters before heading back to Alaska waters."
About Mexus Gold US (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 US 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: Mexus Gold US Paul Thompson, President/CEO (916)776-1822 Mexusgoldus@aol.com Premier Media Service Inc. Kelly Black, President (480) 649-8224 or 866-216-8814