CARSON CITY, Nevada March, 7th 2016 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that the company just completed meetings in Mexico with multiple companies concerning agreements on all of their properties. CEO Paul Thompson was encouraged by these meetings and added, “Last week was an exciting and busy week for me and the future of our company. On Tuesday we hosted a firm to the Scorpio/8 Brothers property. This firm walked the property and reviewed maps and were extremely intrigued with what they saw. I received calls on Wednesday from a new outfit who is interested in our properties and on Thursday we hosted an additional outfit at our Julio/Martha Elena property. I hope our shareholders understand that the demand for our properties is there and that I will make a deal that is best for the company and its shareholders. My goal is to have an agreement in place in the very near future.”
The company also announced that it recently settled a majority of its debt obligations. Added Mr. Thompson, “In addition to clearing a majority of our debt, we have begun the process of liquidating assets that will not be needed moving forward. The funds from the sale of these assets will enable the company to pay operating/administrative expenses and should eliminate the need to incur further debt.”
About Mexus Gold US
MEXUS GOLD US is an American-based exploration company with holdings in Mexico. Mexus’ fully owned Julio/Santa Elena property is located 54km NW of Caborca, Mexico. The property sits in an area which is currently being mined by some of the largest mining companies in the world. Mexus has drill results which show a high grade, multi vein system throughout the property. Mexus also owns the rights to the Ocho Hermanos property, which is located 80km NE of Hermosillo, Mexico. This property will be drilled to show a proven reserve once our flagship property is in full production. Preliminary drilling on this property has been extremely promising. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.
For more information on Mexus Gold US, visit www.mexusgoldus.com.
Cautionary Statement
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: Inquiries
Paul Dent, 425-478-4908 pdent@mexusgoldus.com
MAR
2016