CARSON CITY, Nev., March 7, 2011 (GLOBE NEWSWIRE) -- Mexus Gold U.S. (OTCBB:MXSG), is a company engaged in the evaluation, acquisition, exploration and development of mining properties and conducts salvage operations for the recovery of precious metals.
President and CEO Paul Thompson is pleased to announce the initial results of Paul A Pelke's survey of the Caborca Project. Mr. Pelke is a qualified person according to the rules and regulations set forth by the Toronto Venture Exchange.
The Caborca Project consists of 7400 acres (3000 hectares) in Sonora State, Mexico about 50 kilometers northwest of the City of Caborca, Sonora State, Mexico.
The Caborca Project lies on claims filed by the owners of the Santa Elena Ranch, which controls the surface rights over the project claims. The claims lie near 112o 25' W, 31o 7.5" N. These claims were visited near the end of January, 2011.
No geologic maps of the area were available from the Government Geological Survey. However the claims were found to be underlain by an igneous complex. The rocks observed included many types of granitic rocks, exhibiting porphyrytic textures, gneissic and equigrannular textures. Quartz was variable. At times quartz "eyes" were observed, that is porphyrytic quartz which many workers consider to be indicative of a porphyry environment. In other localities, no quartz was evident. When no quartz was present, the rock was equigrannular.
Quartz veining was evident throughout the claim group. A mine was developed along a major quartz vein, called the Julio 2 Mine with the vein being called the Julio Vein. Workings were substantial in this area, but no mapping of the workings were carried out during the visit. The vein varied in width from approximately 40 cm to over 1 meter and extended at least 200 meters along strike.
Sample results from the Julio vein are given below:
| SAMPLE |
Au ppm (Gold, gm/ton) |
Au opt (Gold, oz/ton) |
Width |
|
199040 |
150.11 |
4.83 | 40 cm |
| 199041 | 153.34 | 4.93 | 40 cm |
| 199042 | 167.16 | 5.37 | 40 cm |
| 199043 | 17.55 | 0.56 | 1 m |
| 199044 | 15.67 | 0.50 | 1 m |
These assays were obtained from screened samples. That is, a total of 1 kilogram of sample was crushed and screened for coarse metallics. A +150 mesh fraction and a -150 mesh sample was obtained. The +150 mesh sample was weighed and assayed with the total weight of Au recovered being recorded. These results were mathematically combined with the results of a 1 assay ton (30 gram) fire assay completed on the -150 mesh fraction. The results shown above are the total results of this process. Other metals were not present in these samples in appreciable quantities and these elements include As, Sb, Hg, Cu, Pb and Zn. The Julio vein is essentially a quartz calcite vein with few to no sulfides present. These results indicate that a vein exploration target exists on the claim group.
In other areas, abundant vein quartz was evident on the surface. This quartz is considered to be evidence of a stockwork quartz vein zone. This zone was followed for about 1 kilometer east - west on the surface. The north - south extent was not accurately determined but is considered to be on the order at least 400 meters.
Other samples were taken on the claim group. The results are given below:
| SAMPLE | Au ppm | Ag ppm | Ag opt |
| 199045 | 0.104 | ||
| 199046 | 0.021 | ||
| 199047 | 0.071 | ||
| 199048 | 0.580 | 1432 | 46.05 |
Sample 199045 was taken from bedrock below a placer mining area. Samples 199046 and 199047 were taken from within the quartz stockwork area found within the claim group. 199047 was a soil sample taken at a randomly selected site within the stockwork zone and 199046 represented the coarse (+3/8 inch) fraction at the same site. These results are encouraging principally because of the 0.071 ppm (71 ppb) soil sample. This is an anomalous value and suggests that the zone is mineralized.
Sample 199048 was taken from a small prospect where miners had reportedly recovered over 5 kilograms of gold. The sample was taken from a gouge zone near the bottom of the prospect. The values were recovered from an apparent manganese rich gouge zone. The sample results did not yield a highly elevated value of manganese but did show elevated levels of silver, arsenic, iron, lead, sulfur and antimony.
From this sample and from observations on the Marta Elena and Julio veins, it is apparent that multiple mineralizing events have taken place within the claim group.
Consequently, there are multiple exploration targets on this claim group. The two most important are the quartz stockwork zone and the Julio vein system. HQ core drilling is expected to begin within one month. The first target will be the quartz stockwork zone. At least four drill holes are expected to be drilled in this zone to test the mineral potential of this area. Additional holes will be completed to test the Julio vein system.
In addition, this claim group has historically yielded large (multiple ounce) nuggets which were found by using metal detectors. Consequently, an undetermined placer potential exists within the claim group. This will also begin to be tested within two months.
About Mexus Gold U.S. (OTCBB: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, www.mexusgoldus.com, or for more detailed Investor Information please visit: 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.