Mexus Gold US Announces Cable Salvage Rights Contract
Mexus Gold US (OTCBB: MXSG) is pleased to announce that it has entered into an Agreement for the salvage rights to retrieve submarine cable previously owned by the United States of America. The initial focus of the salvage operation will be the retrieval of cable which extends from Alaska to San Diego, California. Based on visual examination of samples obtained from Alaska and information provided to the Company, the potential for recovery of significantly large quantities of copper and other valuable metals through this undertaking are highly probable.
The Company’s chairman of the board, Paul D. Thompson, Sr. states, “while this particular endeavor may appear to be outside the realm of our core operations as a mineral exploration company, the opportunity presented itself in such a manner that we felt moving forward with this project was well worth our stepping in as the operator and in the best interest of Mexus.”
About Mexus Gold US
Mexus Gold US is a mining company which conducts mineral exploration and production, principally in the area of precious metals. The Company’s initial mining efforts focus in the State of Sonora, Mexico. On January 1, 2010 the Company initiated a drilling program on one of the gold properties held by Mexus Gold Mining Sa de Cv for the purpose of further evaluating a copper deposit.
Mexus Gold US
Paul D. Thompson, Chairman