USCorp Receives Drill Permit for Arizona Twin Peaks Gold Property
Mon Apr 21, 9:07 AM
ca.news.finance.yahoo.com
USCorp (OTCBB:USCS) is pleased to provide an update on the Twin Peaks gold project in Yavapai County, Arizona.
LAS VEGAS--(BUSINESS WIRE)--USCorp (OTCBB: USCS.OB) is pleased to provide an update on the Twin Peaks gold project in Yavapai County, Arizona.
A drill permit has now been issued by the Bureau of Land Management for the Twin Peaks property. USCorp’s primary focus for the 2008 exploration season will be to bring the more than 3,500,000 ounces of gold from the Inferred category to a greater definition under the NI 43-101 and U.S. SEC Industry Guide 7 standards.
The Glory Hole area will be drilled to test extensions of mineralized area to the west and north of the Hayes. Also, the alluviums in the area of the Swiss Belle area will be tested with many short drill holes. The upcoming drill program will include many short holes and a few deep holes that will total between 10,000 and 12,000 feet.
“There is a strong belief that the mineralization continues from the Crosby and Swiss Belle to the Glory Hole and Hayes. The drilling is to prove and expand our resource base,” added Robert Dultz, Chairman and CEO.
Discussions with Boart Longyear, internationally known drillers who have done previous drilling work for the Company, are underway. USCorp will update shareholders and the public with specifics when available.
The Bagdad open pit copper mine lies approximately 4 miles to the north of the Twin Peaks mine. The Twin Peaks property is located 100 miles to the north of Phoenix, the state capital.
For more information, please go to the Company’s web site: www.uscorpnv.com.
Forward-Looking Statements
Statements contained in this release that are not historical facts are forward-looking statements that involve risks and uncertainties. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, those discussed in “Risk Factors” in the company’s filings with the U.S. Securities & Exchange Commission. The actual results that the company achieves may differ materially from any material forward-looking statements due to such risks and uncertainties. The company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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Martin E. Janis & Company, Inc.
Beverly Jedynak, 312-943-1123
bjedynak@janispr.com |
