News and Press Releases
MEXUS GOLD ENTERS INTO CONTRACT TO FUND CABLE RECOVERY
07/12/2010
July 12, 2010 Carson City, Nevada: Mexus Gold US (OTCBB/OTCQB: MXSG) is pleased to announce the
signing of a contract with Powercom Services, Inc. a Georgia company to provide
the necessary capital so Mexus can proceed with the first phase of its Cable
Recovery in Alaskan waters.
Mexus
President/CEO Paul Thompson along with Ken Setter the person in charge of the
Mr.
Paul Thompson, CEO Mexus Gold stated “Ken Setter was able to direct us to several
sites along the Pacific Coast of Alaska where we were able to identify the sub-marine
cable. We were able to retrieve several sections for sampling purposes, and to
test Mexus new innovative way of retrieving cable from the bottom of the ocean.
We believe the new cable pulling equipment will have the capability of pulling up
to 10 miles per day or 475,200 Lbs. per day. The cable is composed of copper,
lead, and steel all salvageable for scrap sales or processing for end user. Mexus
is now ready to start equipping its 260’ barge located in
Mr.
Thompson went on to state "Our objective is to be pulling cable by mid August
and begin delivery prior to the end of September. I want to thank our loyal and
faithful shareholders for their continued support of our cable and mining
endeavors as we have achieved another milestone in our young company’s
history."
About Mexus Gold U.S. (OTC BB: 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 US is dedicated to protect the environment, provide employment and education opportunities for the communities where they operate. For further information see www.mexusgoldus.com or download our corporate profile at: http://premierstocks.tv/images/company_links/mexus.pdf
For further info:
Contact: Paul Thompson, President/CEO Mexus Gold US at 775-721-9960
Premier Media Service Inc., Kelly Black (480) 649-8224 Office
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 US TO COMMENCE RECOVERY OPERATIONS
04/09/2010
Carson City, Nevada: Mexus Gold US (OTCBB/OTCQB: MXSG) is proud to announce that it has received the green light to retrieve submarine cable in the Pacific Ocean. In January 2010, Mexus Gold US acquired the rights to salvage submarine cable from Universal Systems, Inc. and it is expected that recovery operations will commence in June of this year.
Paul Thompson, President - CEO of Mexus Gold stated “We are very excited about the recovery salvage rights for the submarine cable this is the first step in operational revenue growth.” He went on to state “In addition to acquiring the salvage rights, we have brought on the proper management team to successfully commence operations in Alaska.”
Mexus Gold US Cable Salvage
Mexus Gold US announces Mr. Ken Setters has joined the Company as head of the submarine cable salvage project. Since September 2009, Ken has been locating and verifying the extent of the submarine cable. It is through Ken’s hard work and persistence that the Company is now in a position to move forward with designing and purchasing the special equipment required for this endeavor. Initial operations will begin in Alaska with Phase 2 extending south to Seattle, Washington and a third phase is planned for recovery of cable from Seattle, Washington to San Diego, California.
Mexus Gold US is presently negotiating with a group from China which has shown significant interest in participating in the project as well as purchasing the salvaged metals.
Mexus Gold US Retains Project Manager for Operations in Mexico
Mexus Gold US is also pleased to announce Mr. Ray Rust has joined the Company as project manager for the operations conducted by Mexus Gold Mining D.A. de C.V. in Mexico. Ray comes to Mexus Gold US with 34 years experience with one of California’s premier construction companies. Ray’s years of experience in crushing and producing aggregate, along with road and site development, other related earth work in combination with his ability to manage people, equipment and resources will be of great value to the Mexus Gold US team.
For further information see www.mexusgoldus.com
Contact Paul Thompson (775)721-9960
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 US Exercises Option
02/12/2010
Mexus Gold US Exercises Option to Purchase Mining Company in Mexico
Mexus Gold US, (OTCBB: MXSG), a Nevada corporation, is pleased to announce that Mexus Gold US has exercised its option to purchase Mexus Gold Mining SA de CV, Mexico. Mexus Gold US President and CEO, Paul Thompson, stated, “This purchase gives Mexus Gold US the needed mining, milling, and processing equipment to expand its Mexico operations and control of approximately 11,000 acres of mining concessions in the state of Sonora, Mexico located approximately 120 kilometers north of Hermosillo, Mexico, in the Ures mining district. There are four principal concessions. These concessions were all hand mined years past by the father of the family from which the concessions were purchased.”
Mexus Gold US current projects are:
Ocho Hermanos
The main feature is a sulfide zone composed primarily of galena with some pyrite and arsenopyrite. Above this zone there is an oxide zone composed of iron and lead oxides. Recent grab samples taken indicate that values over 5,000 grams per ton of silver were encountered. These samples may not reflect the average grade. However, grab sample results indicate silver values over 3,000 grams per ton appear to be not unusual. Gold in the samples ranged from 1 gram per ton to over 5 grams per ton.
370 Area
This zone is composed of a sedimentary sequence (limestone, quartzite, shale) intruded by dacite and diorite as well as rhyolite. The docite exhibits argillic alterations as well as silicification (quartz veins). The entire area is well oxidized on the surface. This is an area of classic disseminated low grade gold and silver mineralization. Surface grab sample assays show 0.14 grams per ton to as high as 29.490 grams per ton gold. This area is an important area for potentially defining an open pit heap leach project.
El Scorpion Project Area
This area has several shear zones and veins which show copper and gold mineralizations. Recent assays of a 84’ drill hole shows 2,887 grams per ton to 1,139 grams per ton of copper and 3.971 grams per ton to 0.072 grams per ton of gold. Another assay of rock sample from the area shows greater than 10,000 grams per ton copper. This land form distribution appears to be snonymous to the ideal porphyry deposit at Baja La Alumbrera, Argentina.
Los Laureles
Los Laureles is a vein type deposit mainly gold with some silver and copper. Recent assays from grab samples show gold values of 67.730 grams per ton gold, 38.4 grams per ton silver, 2,800 grams per ton copper.
Nevada Property
Mexus Gold US controls Nevada Pacific Rim’s silver and gold property. The Pacific Rim property is located in Esmeralda County, Nevada. Consisting of approximately 150 acres of patented mining claims with water rights and 22 unpatented lode claims and two mill site claims. Management believes this is a strong exploration target. To date, 51 holes have been drilled on the patented lands. However, Mexus has not verified the authenticity of any of these representations at this time.
Cable Salvage
Mexus Gold US Cable Salvage. Operations are expected to be concentrated from San Diego, CA to Alaska. It’s reported, but not yet verified by Mexus to date, to contain in excess of 400,000,000 pounds of salvageable copper.
About Mexus Gold US
Mexus Gold US is a development stage mining company engaged in the evaluation, acquisition, exploration and advancement of gold, silver and copper projects in the State of Sonora, Mexico and the Western United States. Mexus Gold US is dedicated to protect the environment, provide employment and education opportunities for the communities that it operates in.
Our President and CEO, Paul Thompson, brings over 40 years experience in mining and mining development to Mexus Gold US. Mr. Thompson is currently recruiting additional management personnel for its Mexico, Nevada, and submarine Cable Recovery operations to assist in growing the company.
Forward-Looking Statements
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 D. Thompson, President / CEO
Mexusgoldus@aol.com
Cable Salvage Rights Contract
01/15/2010
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
Mexusgoldus@aol.com
(775)721-9960