News and Press Releases

Operations Update

Submarine Cable Update:

Mexus has purchased a new SeaSpy Marine Magnetometer and all supporting equipment for surveying and locating the submarine cable, and is waiting delivery of the equipment which is expected on May 27, 2011. Mexus’ crew headed by Captain Brian Farcy and Ken Setters standing by to pull the estimated 500,000+lbs we have located in Washington state on a trial basis for the new Magnetometer surveying equipment. Mexus intends to pull the 500,000+lbs in Washington before heading back to Alaska. The 500,000+lbs of cable is believed to be a small portion of the cable located in Washington.

Caborca Mine Update:

The Caborca Mexico crew, headed by Julio Baltazar, are installing Mexus’ deep well pump in the 8” 750ft deep well which should be producing water in approximately 10 days. This is an essential step for our placer project on the property.