CARSON CITY, Nev., April 28, 2015 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company") announced today that it continues to move forward with the opening of its Julio mining concession in Caborca, Mexico. Mexus is working with veteran underground miner Mark Warren. Mark has worked underground mines for years and has the experience to help plan the company's next steps. CEO Paul Thompson demonstrated to Mark how the mining equipment currently in place works including the use of the gold milling and recovery equipment. Mark was satisfied with what has been done to date and gave the company recommendations on the best course of action moving forward. In addition, the company continues to review all options concerning the necessary blasting that will occur at the underground mine. Mexus is interviewing outside contractors who have blasting permits. A decision whether to use an outside contractor's permit or acquire a permit will be made in the near future.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=32468
Negotiations with a group from Nevada continue with CEO Paul Thompson meeting the potential JV partners today. The goal, assuming both parties can agree, would be to have a deal done the first part of May.
The placer operation is producing mostly fine gold although some nice sized nuggets are being recovered. (See picture). Added CEO Thompson, "We are nearing the 600 ton per day mark which was our initial goal for the placer. We expect the average yield per ton to increase but realize that our clean out results will vary from week to week. The placer is operating as planned and we are happy with the progress."
The photo is also available via AP PhotoExpress.
About Mexus Gold US
MEXUS GOLD US is an American-based exploration company with holdings in Mexico. 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 2015. 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: Inquiries Paul Dent, 425-478-4908 email@example.com
Source:Mexus Gold US