CARSON CITY, Nev., Feb 27, 2012 (GlobeNewswire via COMTEX) — Mexus Gold US (otcqb:MXSG) is a company engaged in the evaluation, acquisition, exploration, development and production of mining properties and conducts salvage operations for the recovery of precious metals.
Mexus is pleased to announce that Mexus Caborca Sonora State, Mexico, placer gold mining operations are going as planned. Mexus is presently shipping its newly acquired mill equipment to process its open pit hard rock Julio vain system. Mexus will start with 60 to 80 tons per day of high grade Julio vain system. Preliminary test results show values of 1/4 ounce to 5 3/4 ounce gold per ton. Mexus has started its permitting process and expects it to be issued by the time Mexus has its equipment in place and ready to work.
About Mexus Gold US
Mexus Gold US (otcqb:MXSG) is a company engaged in the mining industry for the purpose of producing precious metals, including gold, silver and copper, from its projects located in the state of Sonora, Mexico and in the states of Nevada and Alaska. Mexus Gold US is dedicated to protecting the environment, providing employment and education opportunities for the communities where they operate. For further information or to see the full report, visit www.mexusgoldus.com .
The Mexus Gold US logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7718
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.
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SOURCE: Mexus Gold US
CONTACT: Mexus Gold US
Paul Thompson CEO/President
(775) 721-9960 or (916) 776-1822
[email protected]
