USCorp Completes First Step in Phase 4 Exploration at Twin Peaks Project
21 Dezembro 2012 - 11:30AM
Business Wire
USCorp (OTCMarkets: USCS) today announced that it has completed
the first step of its fourth phase of exploratory drilling at its
Twin Peaks property in Yavapai County, Arizona. The drilling
program is one that USCorp management believes will give us the
results necessary for permitting the mine for production.
The project includes three principal stages: the completion of a
digital geological map that serves as the basic reference tool and
is absolutely essential for all mineral exploration and mining
projects; the geophysical surveys that reveal subsurface anomalies
including quartz veins, intrusive structures, structural rock
density deviations, fault systems, structural shearing and dense
ore bodies as targets; and the drilling by reverse circulation and
core, including drilling at depths of 750 to 1,000 feet.
“The initial phase of this drilling program, our mapping
activity, has already allowed us to find two different types of
rock samples that have visible gold, and we know the exact
locations,” said Robert Dultz, Chairman and CEO of USCorp. “I
recognize that our efforts at the Twin Peaks property have been
ongoing for quite some time, but we are hopeful and very optimistic
that this program will bring about the results that we and our
shareholders have long anticipated since the program calls for far
deeper drilling than we have previously completed.”
Dultz added that the supervising geologist for this final phase
4 exploration at Twin Peaks is Edwin Arbar, Managing Partner of
Quantum GeoConsultants Group LLC. He is a well-respected geologist
with extensive senior management experience with several divisions
of Fluor Corporation. Holding a bachelor’s degree in BioScience,
GeoScience from Western Colorado State University, he also holds a
master's certificate in Mining Engineering & Development from
the University of Concepcion in Chile. He is a member of the GSA
(Geological Society of America); SME (Society for Mining,
Metallurgy & Exploration); TriBeta Honor Society; American
Institute of Mining, Metallurgy & Petroleum; ISMSP
(International Society of Mine Safety Professionals); AIA
(Archaeological Institute of America); GIA (Gemological Institute
of America alumni); and SGG (Sociedad de Geologia y Geofisica) of
Chile.
The Phase 4 Exploration Project is expected to continue during
the first half of 2013 and be completed by June 2013. Results
should be available shortly thereafter.
USCorp is an exploration stage company with gold and silver
projects in Arizona and California. Information about USCorp can be
found at the company’s website: http://uscorpgold.com.
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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
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expectations or future results.
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