USCorp Announces Start of Drilling at Twin Peaks Gold and Silver Property
10 Novembro 2011 - 11:30AM
Business Wire
USCorp (OTCMarkets: USCS) today announced that drilling has
commenced on the Twin Peaks Property including Phase 3 of the
previous drilling program. The drilling program is expected to be
completed in the first quarter of 2012. The plan calls for drilling
of 150 holes, for 30,000 feet total, on the Twin Peaks Project
claims group in Yavapai County, Arizona.
“We are very pleased that the drilling program is now underway,”
said Robert Dultz, Chairman and CEO of USCorp. “Furthermore, we
expect that the results of the program will verify recent assay
reports that we have already received and announced on July 18,
2011, which indicate significant gold and silver being present.”
Dultz added, “The Twin Peaks property has a history of producing
gold and silver in the past. Each drilling program conducted on
Twin Peaks claims has confirmed and extended the knowledge that was
gained in prior exploration work indicating the presence of mineral
resources.”
The areas that are being drilled include those identified in a
Pincock Allen & Holt (PAH) report. According to that report,
the property is believed to have definite upside potential with
gold and silver mineralization ocurring at fault intersections, in
known historic workings on the property and in five extensive
mineralized quartz vein structures, including four that were
discovered in the past year.
The drilling program and reclamation meet all environmental
practices and regulations.
Board Longyear, the leading provider of mineral exploration
drilling services and drilling products in the world, is conducting
the drilling program. Boart Longyear, with more than 120 years of
global mineral exploration expertise, is the only integrated
drilling services and products provider, combining engineering
excellence, global manufacturing facilities and is the most
experienced drilling services group in the business.
SAFE HARBOR ACT DISCLAIMER NOTICE
“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The 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 statement to reflect changes in the Company’s
expectations or future events.
More information on USCorp can be found at the company’s
website: http://www.uscorpgold.com
USCorp (CE) (USOTC:USCS)
Gráfico Histórico do Ativo
De Fev 2025 até Mar 2025
USCorp (CE) (USOTC:USCS)
Gráfico Histórico do Ativo
De Mar 2024 até Mar 2025