Mexus Gold US Agreement With Gold Grabber LLC
CARSON CITY, Nev., July 9, 2014 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company")
Mexus Gold US announced that on July 3, 2014 the company signed a contract with Hank Schimschat, owner of Gold Grabber LLC, buying an interest in its Nome, AK based offshore gold mining operation. Hank Schimschat is best known for his role on Discovery Channels hit show Bering Sea Gold. The agreement will have the company paying 1.2 million restricted shares to Mr. Schimschat. Mexus president Paul Thompson stated "The cost of this deal is an affordable way to bring the name Mexus Gold US to millions of viewers worldwide."
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 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.
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