USCorp Summarizes Recent Twin Peaks Gold and Silver Project Geology and Deposit Types
23 Agosto 2011 - 9:30AM
Business Wire
USCorp (OTC Markets: USCS) (www.uscorpgold.com) today made
public a summary of part of a recent report by Bart Stone, chief
geologist for Pincock Allen & Holt (“PAH”) regarding the
specific geology and deposit types at the Twin Peaks project in
Arizona. Image2Map Services, Inc. provided image processing and
geological interpretations of satellite and aerial imagery. On the
basis of their discoveries and recommendation, Arizona Gold Corp
(“AGC”) added 104 claims west of the original claim block to cover
several new gold and silver vein systems lying outside the original
172 claim boundary. As recently reported, the Arizona Bureau of
Land Management (BLM) has granted a drilling permit for the claims
area.
USCorp chairman and CEO, Robert Dultz, said: "This summary,
prepared by USCorp personnel, is technical and may have terms that
are unfamiliar to many of our shareholders." A glossary of mining
and geology terms can be found at:
http://www.miningbasics.com/mining-glossary.
The PAH Geological Summary contained the following points:
(1) GEOLOGIC FORMATION. "The Twin Peaks project is situated in
the faulted border zone between the Colorado Plateau and the
Southern Basin and Range Province of the North American Craton
(Craton: a large, stable block of the earth's crust). Pegmatites
are abundant and reach lengths of dozens of feet and widths of up
to 10 feet. Typical mineralogy of the pegmatites includes large
Muscovite books, black tourmaline crystals, quartz crystals, and
orthoclase and plagioclase class feldspars." (Pegmatites:
coarse-grained, igneous rocks, usually granite, characterized by
large well-formed crystals, and often contain rare elements.)
(2) GEOLOGIC ORIGIN OF PRECIOUS METAL MINERALIZATION AT TWIN
PEAKS. "Localized faulting has led to Cretaceous and Tertiary
volcanic activity and epigenetic hypogene enrichment." Epigenetic
refers to ores and mineral products introduced into their
surrounding rocks after the rocks themselves had already come into
existence. Hypogene enrichment (in a deeper layer) is significant
because a mineral of supergene origin (from a more superficial
layer) is likely to disappear within a few hundred feet of depth.
If the relative proportion of supergene to hypogene ore minerals
can be estimated (by Phase 3 drilling and assay), the ratio gives a
basis for estimating the grade of ore that will be expected in the
primary zone below the reach of enrichment.
(3) ASSAY RESULTS IN SUPPORT OF GEOLOGY. PAH noted that "…good
gold values were found near the contact between the Tertiary plug
and the underlying granitics just to the south of the Hayes mine
area…" PAH also noted large pegmatite veins and structural fault
zones with gold and silver at various dip and strike angles.
Examples of assay results are given in our July 18, 2011 press
release.
(4) ORE TYPE. Gold and silver mineralization in the claims area
is characterized by massive white Drusy quartz with relict sulfide
casts.
Drusy quartz veins are typical of precious metal systems
worldwide. Two extensive drusy quartz veins carrying gold and
silver mineralization were discovered during PAH's site visit in
addition to other gold and silver deposits found at fault
intersections and in known historical workings on the property.
(5) ESTIMATION OF PRECIOUS METALS AT TWIN PEAKS. PAH concluded
that the Twin Peaks property has definite upside potential, that “a
potential 5,000,000 tons or more of resources” [gold and silver]
resides in three lengthy quartz vein structures, including two
discovered during PAH's site visit, and that other gold and silver
mineralization [that is, gold and silver bearing ore] also occurs
at fault intersections, and in known historic workings on the
property.
USCorp CEO Dultz said: "More gold and silver bearing quartz
veins have been discovered by the mining team since PAH's site
visit based on the analysis of satellite data performed by
Image2Map Services. The mining team reported discovering additional
quartz dikes several miles long with widths of 30, 60, and 90 feet
in spots, and depths of up to 400 feet based on exposed sections.
Until the drilling exploration is completed, we will not know the
full extent of the width and depth of these gold and silver bearing
quartz structures."
As previously reported, Major Drilling Group International, Inc.
(http://www.majordrilling.com) has been retained to complete Phase
3 Drilling, that now includes additional drilling targets in the
newly added claims group. We expect to complete this drilling
program this year. Selected assay results may be reported during
the drilling period.
Mr. Dultz added, "Every set of fresh eyes that looks at this
property confirms prior reports, studies, and gold and silver
assays. Every time they add something new to what we know about the
Twin Peaks project. Thanks to the recent work of Pincock Allen
& Holt and research by Image2Map Services, we have a better
idea of the extent of the gold and silver mineralization at this
site."
The Twin Peaks property lies 7 miles southwest of Bagdad,
Arizona, which is the site of one of Freeport McMoRan's large
porphyry copper mines. The property sits northwest of the Santa
Maria River, and east of State Highway 93 between Highway 96 and
97. Today the Twin Peaks Project consists of 276 claims on 5,520
acres in Yavapai County, Arizona.
About USCorp: USCorp also has the gold Picacho Salton project
located in Imperial County, California. Information about USCorp
can be found at the company’s website: www.uscorpgold.com.
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are forward-looking statements that are subject to risks and
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forward-looking statements in this press release speak only as of
the date hereof, and the Company disclaims any obligation to
provide updates, revisions or amendments to any forward-looking
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