Photo Release: Mexus Gold U.S. Moves ACP Equipment to Begin Operation on Cable Project

Monday September 27, 2010, 8:51 am EDT

CARSON CITY, Nev., Sept. 27, 2010 (GLOBE NEWSWIRE) — Mexus Gold U.S. (OTCBB: MXSG), a Nevada Corporation, is pleased to announce Mexus’s Tug “The Caleb” is moving our 230′ barge to a boat yard north of Seattle, Wash., near the Canadian-U.S. border, where the boat yard has been retained to set our special Automated Cable Pulling “ACP” Equipment on the large barge with their 100-ton crane.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8055

CEO ...

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Mexus Gold U.S. Releases NI 43-101 Technical Report on the El Scorpio Project Guadalupe De Ures Property Sonora, Mexico

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 ...

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Mexus Gold Contracts Tug, Barge, and Operator to Advance Cable Project

August 30, 2010 Carson City, Nevada; Mexus Gold U.S. [OTCBB: MXSG], a Nevada Corporation is pleased to announce it has entered into a purchase contract with Brian Farcy for the 94ft Tug (Caleb), a twin Cummings powered vessel that will aslo act as a crew quarters accomodating up to an 8 man crew.  In addition, Mexus has contracted Mr. Farcy to operate the tug.  He has 30 years with Tug and Barge experience in Washington State as well as Alaskan ...

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MEXUS GOLD ENTERS INTO CONTRACT TO FUND CABLE RECOVERY

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 Alaska sub-marine cable project for Mexus just returned from two weeks of intense fruitful meetings and verifications of cable locations ...

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MEXUS GOLD US TO COMMENCE RECOVERY OPERATIONS

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 ...

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Mexus Gold US Exercises Option

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, ...

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Cable Salvage Rights Contract

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 ...

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8-K

Item 1.01 Entry into a Material Definitive Agreement.

On December 21, 2009, the Company entered into an Equipment Purchase Agreement and Bill of Sale with Mexus Gold International, Inc. (MGI) whereby the Company agreed to purchase the following pieces of mining equipment from MGI for a purchase price of 40,000,000 restricted shares of the Company’s common stock.  The equipment will be used in mining operations in Mexico.

Equipment   Serial Number

Komatsu Dozer Drill   2NKCLL9X7FM327785
Cone   CONEP282S11709
Jaw Crusher   JAW P12X361209
Serge Tank   PSTF96144
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8-K

Item 1.01 Entry into a Material Definitive Agreement.

 

On October 20, 2009, the Company entered into a 180 day option agreement with Mexus Gold Mining, S.A. de C.V. pursuant to which the Company acquired the right to acquire 99% of the capital stock of Mexus Gold Mining, S.A.  The option price is 20 million restricted shares of the Company’s common stock and the exercise price is 20 million restricted shares of the Company’s common stock.  The agreement is conditioned upon Mexus ...

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8-K

Item 1.01 Entry into a Material Definitive Agreement.

On October 16, 2009, the Company acquired an eight (8) month option, with a six (6) month extension, to purchase certain patented and unpatented mining claims situated in Esmeralda County, Nevada, United States. The option price was 250,000 restricted shares of the Company’s common stock. The exercise price of the option is five million dollars ($5,000,000) payable in installments of both cash and restricted shares of the Company’s common stock.

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