CARSON CITY, Nev., Aug. 25, 2014 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company") announced today that during the week of August 18th, Julio Baltazar, vice president of Mexus Gold Mining SA de CV, showed the Julio/Santa Elena property to a group of geologists representing a Canadian mining company. The visitors walked the property and were shown the previously published drill results. Mr. Baltazar stated, "I was as equally impressed with this group as they were with our property." Paul Thompson, CEO of Mexus added, "This mining company has the qualified personnel along with the necessary capital needed to justify discussions on a potential partnership."
The company also announced that the placer move has been suspended while partnership negotiations are ongoing. Mr. Thompson noted, "We are speaking to numerous potential partners and it is best that we see wait to see how this plays out before restarting the placer operation. We will evaluate the economics of the placer when an agreement with another firm is reached."
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.