Las Vegas, NV -- (SBWIRE) -- 11/09/2012 -- Mexus Gold US (PINK:MXSG) has made one of those legendary runs over the past 5 months that we love to report on! The stock has run from well under a dime to recent highs over $0.60 leading some investors to speculate that Mexus just might be this years $0.10 to $1 winner!
Mexus Gold US 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.
All the excitement on MXSG is over the Company's Caborca placer mine site down in Caborca Mexico. President Paul Thompson states now that the placer mining operation is running as planned, Mexus will concentrate on its drilling program headed by Geologist Paul Pelke of Reno, NV. Their first target is the Julio quartz vain that runs aprox. 3km in length and from 1 to 30 feet wide. Multiple samples taken from the 100 foot level of the Julio vain has produced assays as high as 5.5 ounces of gold per ton. Mexus has its diamond core drilling equipment at the Nogales, AZ border awaiting to be imported into Mexico. Mexus intends to drill on 100 foot centers and to a depth of 600 feet to start.
OTCMAGIC has been covering MXSG since it was around $0.25 per share. To find out more about this stock and what OTCMAGIC projects for Mexus Gold both short term and long term please go here: MXSG
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