CARSON CITY, Nev., July 8, 2014 (GLOBE NEWSWIRE) — Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company")
The company announced today it has received authorization to move the placer operation at its Santa Elena/Julio property.
Julio Baltazar, vice president of operations for Mexus Gold Mining SA de CV stated , "I am pleased to announce that on July 2nd 2014, after months of requisitions, multiple filings, and the characteristic bureaucracy of our governmental institutions, the Federal Environmental office in Mexico finally released the change of land use permit that Mexus Gold had been waiting for."
President Paul Thompson stated "It's important for our shareholders to understand that this was a change to a previously issued permit. We can now aggressively move forward with our plan to move and restart the placer which includes a previously stated increase in production."
About Mexus Gold US
MEXUS GOLD US is an American-based exploration company with holdings in Mexico and Nevada. Mexus' fully owned Julio/Santa Elena property is located 54km NW of Caborca, Mexico. This 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. The company looks to have this property in full production by the end of 2014. 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.
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: Mexus Gold US Inquiries Paul Dent, 425-478-4908 [email protected]
Source: Mexus Gold US