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Cable Technology Feature Article

September 29, 2010

Mexus Gold U.S. Moves ACP Equipment for Operation on Cable Project

By Anamika Singh, TMCnet Contributor

Mexus Gold U.S, a Nevada Corporation, has announced Mexus's Tug "The Caleb" is moving our 230' barge to a boat yard north of Seattle, Wash., near the Canadian-U.S. border, where the boat yard has been retained to set special Automated Cable Pulling "ACP" Equipment on the large barge with their 100-ton crane.

CEO Paul Thompson said, "We are moving forward with the placement of the ACP Equipment on the barge, which is set to begin on Sept 29, 2010. Once this is completed it will allow us to move the tug and barge into place and begin cable recovery operations mid-October in Alaska."

"With the purchase of this equipment, and our previously announced funding contract with PowerCom Services, we are ready to rapidly move forward toward recovering cable and starting to generate multiple revenue streams for Mexus," Thompson added.

Mexus had also announced the details of equipment purchase with Island Tug & Barge Co. for the Deck Barge ITB-230ON 298799. The 236.8ft by 60.1ft by 14.4ft barge can hold up to 6,000,000 lbs of material.

Mexus Gold U.S. is a gold, silver, and copper exploration company focused on projects in the Western United States and Northern Mexico. The Company has been evaluating several projects which it deemed had very strong potential for further evaluation and future exploration. This process has resulted in the decision to enter into an agreement with Mexus Gold Mining S.A. DE C.V. which will give the Company the option to acquire ninety-nine percent of the outstanding shares of Mexus Gold Mining, S.A. DE C.V. which is located in the State of Sonora, Mexico.

Anamika Singh is a contributing editor for TMCnet. To read more of Anamika's articles, please visit her columnist page.

Edited by Stefania Viscusi