CARSON CITY, Nev., June 10, 2013 (GLOBE NEWSWIRE) -- 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-Trinidad Joint Venture
Mexus Enterprises S.A. de C.V. as managing partner of the Mexus-Trinidad Joint Venture has the authority to effect operational changes necessary for the benefit of the Joint Venture. A complete review of all aspects regarding the procedures and methods utilized by the operations partner of the Mexus-Trinidad Joint Venture has now been completed. Several changes are being instituted including the reassignment of responsibilities of the operations partner who will no longer participate in any aspects regarding the Joint Venture operations and will no longer be on site. The Joint Venture will now focus on processing ore from several open pit areas as further geological evaluations are conducted.
The Company has retained the services of Paul Pelke, geologist, to prepare a Canada National lnstrument 43-101 geological report covering the Joint Venture properties. Mr. Pelke noted the known history of the area dating back to the Spaniards who mined the area 350 years ago, as well as, recent history over the past twelve years. Mexus expects the results of this report to indicate proven reserves sufficient to identify the Joint Venture properties as a first class mining area. Mr. Pelke will also engage the assistance of Harry Slack, geologist, to evaluate the open pit areas for the NI 43-101 report and production purposes.
Mexus Gold Mining S.A. de C.V.
Mexus acquired Merrill Crowe gold and silver recovery equipment for the Julio Open Pit Project. The known potential production areas are being continually evaluated and have identified ore suitable for processing. The Julio Placer Project is producing on a continuous basis with acceptable results. The Santa Elena Julio Project diamond drilling program is going well with the guidance of Mr. Slack.
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.
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: Paul Thompson CEO/President (775) 721-9960 or (916) 776-1822 Mexusgoldus@aol.com
Source:Mexus Gold US