Mexus Gold US Nears Agreement to Mine Santa Elena/Julio Project
CARSON CITY, Nev., May 19, 2014 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company") Shareholder Update: The company today announced that it is nearing completion of a deal to bring the Santa Elena/Julio project into production.
Paul Thompson, CEO of Mexus, stated "We have struck an agreement in principal that will be a win/win for both parties including our shareholders. Both entities are committed to seeing the Santa Elena/Julio property brought to full production in a manner that is economical and will result in maximum return to its investors. We hope to have everything completed in the next 2 weeks."
Details of the agreement will be released at the appropriate time.
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 100km SW 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. The company owns claims in Lida, Nevada and will evaluate production possibilities at a future date. 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.
Cautionary Statement
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
pdent@mexusgoldus.com