U.S. Precious Metals, Inc. (USPR) Announces the Commencement of Ground Surveying and Recent Upgrading of Infrastructure
May 07 2014 - 11:55AM
U.S. Precious Metals, Inc. ("Company") (OTCQB:USPR) is pleased to
announce that on May 10, 2014, Mesa Acquisition Group, LLC, our
Joint Venture partner, will begin the ground work phase of
identifying mineralization on the approximately 2,000 acres of its
37,000 acre concession. This phase will take approximately 12 days
to complete and results are expected within 45-60 days following
completion.
This phase is a follow up to the satellite imaging conducted in
September 2013, and will include applying the "Forming Short-Pulsed
Electromagnetic Fields" (FSPEF) and "Vertical Electric-Resonance
Sounding" (VERS) on the 2,000 acres identified by the prior
imaging. The FSPEF technology will be even more detailed than the
high spectrum UV laser satellite imagery, honing in on the
previously identified 71 anomalies while the VERS technology will
identify volume and depth of mineralization in all areas of
interest. Together when completed, these technologies will provide
an estimate of mineralized material for each of the previously
identified 71 anomalies. As mentioned previously, the technology
was developed in Ukraine and carried out by Consorcio de
Tecnologias Avanzadas de Columbia Ltda (CTAC).
Mr. Jerry Pane, CEO USPR stated, "The fieldwork has been
hampered by political issues in Mexico, and in addition, certain
employees of the contractor (CTAC) were located in the Ukraine and
we were delayed due to the recent turmoil there. We are delighted
to finally get this work underway. This is a significant step
towards identifying the true value of our property and company.
During the past few months, the company in conjunction with Mesa
Acquisition Group has not been idle with major work being carried
out in terms of security, infrastructure and designing of systems
for Phase 2."
Mr. Pane continued, "We are very excited at recent developments
within the company and we are currently working on a number of
fronts which we believe will add real value in both the short and
medium terms."
In preparation for the expected commencement of Phase 2 under
our Joint Venture, major infrastructural work has already taken
place with the building and improvement of roads and bridges
leading to our property that will provide the necessary access for
all future operations.
The Company is currently working with Mesa Acquisitions Group on
designing of extraction, concentration and transportation
requirements that will lead to a timely commencement of Phase 2
operations.
About USPR:
US Precious Metals, Inc. is an exploration stage company engaged
in the acquisition, exploration and development of mineral
properties. We focus on gold, silver and copper primarily located
in the State of Michoacán, Mexico owning exploration and
exploitation concessions to approximately 37,000 contiguous acres
of mineral rights.
www.usprgold.com.
This release contains forward-looking statements which involve
known and unknown risks, delays, and uncertainties not under the
Company's control which may cause actual results, performance or
achievements of the Company to be materially different from
results, performance or expectations implied by these
forward-looking statements.
CONTACT: Steve Chizzik
Investor relations
The Verrazano Group, LLC
steve@theverrazanogroup.com
+1(973) 232 5132