Tuesday September 14, 2010, 7:23 pm EDT
CARSON CITY, Nev., Sept. 14, 2010 (GLOBE NEWSWIRE) — Mexus Gold U.S. (OTCBB: MXSG), a Nevada Corporation is pleased to announce release of the 43-101 technical report for the El Scorpio in Sonora, Mexico.
The El Scorpio Prospects are located in Sonora State in northern Mexico approximately 80 road kilometers northeast of Hermosillo, Sonora, Mexico near 29 degrees 25′ North and 110 degrees 35′ West. The Property is comprised of approximately 2800 hectacres.
The El Scorpio Project has abundant copper and gold mineralization and has the potential of developing a copper porphyry deposit. The El Scorpio Prospects are variously underlain by a sedimentary sequence (limestone, quartzite and shale) intruded by dacite and diorite to granodiorite as well as some rhyolite. Alteration is extensive and consists of propylitic alteration mainly in the Scorpion area, along with various veins consisting of silicification with Au and Cu and galena bearing quartz veins.
El Scorpio 43-101 technical report was prepared by Mr. Paul A. Pelke, SB, SM, California Registered Geologist with a private geological consulting practice located in Reno, Nevada. Mr. Pelke is a graduate of The Massachusetts Institute of Technology in 1971 with Bachelor of Science and Master of Science degrees in Geology and Geochemistry, from the department of Earth and Planetary Sciences. Mr. Pelke has worked as a geologist for the past 36 years since graduation and is a “Qualified Person” as set out in National Instrument 43-101 (“NI 43-101”). Mr. Pelke is responsible for the preparation of the entire NI 43-101 Technical Report on The El Scorpio Property, in the Sonora State, Mexico dated the 14th day of September, 2010. Full Report Information at:
About 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, Alaska. Mexus Gold U.S. is dedicated to protect the environment, provide employment and education opportunities for the communities where they operate. For further information or to see the full report www.mexusgoldus.com or download our corporate profile at:
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.
Mexus Gold U.S.
Paul Thompson, President/CEO
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