CARSON CITY, Nev., July 19, 2010 (GLOBE NEWSWIRE) -- Mexus Gold U.S. (OTCBB:MXSG) announces today that the company executed an agreement to process mineralized material for evaluation from the 8 Brothers Mine in the state of Sonora, Mexico. The initial shipment of 20 tons to a processing facility in Nevada will provide the geologists and engineers the material necessary to begin the process of designing a proper recovery process.
President and C.E.O. Paul Thompson states that, "This step is important to the company because we are confident from our evaluations thus far that the extent of the geological formation we are looking at has significant potential. If everything goes as planned, we could see commercial operations on these properties. It is fortunate for us we have been able to secure our land position like we have. We control where this play might lead us in the future and that is a good thing to know. Our analysis of this material, both in Mexico and the United States, have indicated high silver content with some gold, therefore, we were able to arrange our agreement with the processing facility in such a manner that we will see some cashflow from the sale of the metals extracted. We are very excited about this evaluation process we are about to embark on because it will open additional avenues and opportunities for the future of our company."
About Mexus Gold U.S. (OTCBB:MXSG) is a mining company engaged in the evaluation, acquisition, exploration, salvage and recovery of gold, silver and copper projects in the State of Sonora, Mexico, the Western United States, Alaska. Mexus Gold U.S. is dedicated to protect the environment, provide employment and education opportunities for the communities where they operate. For further information see www.mexusgoldus.com or download our corporate profile at:
http://www.premierstocks.tv/images/company_links/mexus.pdf
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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.