CARSON CITY, Nev., Aug. 17, 2015 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG)(“Mexus” or the “Company”) announced that it has received an update from Argonaut Gold Inc. (TSE:AR) on the Julio Project. Since acquiring the Julio project in early July, Argonaut’s focus has been on detailed geologic mapping and sampling within areas already known to host mineralization which has included identifying outcropping mineralization. Argonaut has taken surface rock chip samples and completed detailed mapping. This work has identified multiple target areas which are being prioritized for drilling which, subject to permitting, is expected to commence later in 2015.
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. In July 2015, Mexus and Argonaut Gold Inc.(TSE:AR) entered into a joint venture option agreement for this property. This property lies within the heart of the Mojave-Sonora Megashear mineral belt of northern Mexico which is currently being mined by some of the largest mining companies in the world. Mexus also owns the rights to the Ocho Hermanos property, which is located 80km NE of Hermosillo, Mexico. 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
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Source:Mexus Gold US