US Precious Metals, Inc. (USPR) Announces Completion of Geophysical Ground Surveying
June 20 2014 - 9:15AM
US Precious Metals, Inc. (OTCQB:USPR) announces that on June 14,
2014, Mesa Acquisition Group, LLC, its Joint Venture partner,
completed the ground work or Phase 2 of identifying and defining
mineralization previously depicted by satellite imagery. Consorcio
de Tecnologias Avanzadas de Columbia Ltda, its sub-contractor,
carried out the ground work which consisted of two specific
geophysical techniques; "Forming Short-Pulsed Electromagnetic
Fields" (FSPEF) and "Vertical Electric-Resonance Sounding" (VERS).
An 8 person ground crew worked on site for a total of 15 days,
taking 210 readings in 70 kilometers of lines, concentrating mainly
on the 71 identified satellite imagery anomalies. In addition, the
geophysical survey was significantly expanded to include areas well
outside the original contracted area. These areas included
terrain in the north where sulfide veins occur on the surface, to
the east where higher grade anomalies were detected and to the
south in an area known as Cuendeo, which has received limited
exploration work in prior years.
The data has been collected and delivered to the sub-contractors
main offices in Kiev, Ukraine and the Company expects results
through its joint venture partner shortly. The Company believes
that these results will map and provide an estimate of mineralized
material for each of the 71 anomalies. USPR intends to
correlate these results with the core drill assays conducted in
2008 and 2010. USPR maintains all drill cores and resulting
data at its lab facility in Morelia, Mexico.
Mr. Jerry Pane, CEO USPR stated, "We are delighted to have the
second phase of this high-technology work completed. Our
partner, Mesa Acquisition Group, and the Company are extremely
excited as we await these results. Mesa Acquisition Group
continues to move forward with major work in terms of security and
infrastructure under Phase 2 of our JV agreement and the design of
mining and milling systems under Phase 3 of the agreement."
Mr. Pane continued, "USPR is currently in discussions to use
this satellite technology to detect gold, silver and copper on the
balance of our 37,000 acre concession. In addition, we have
started making plans to begin a new drilling campaign to drill on
our identified anomalies in order to prove these results in
anticipation of the additional satellite imagery. Moreover, we,
along with Mesa Acquisitions, feel strongly that sufficient surface
mineralization has been identified to commence a small-scale mining
and revenue program. In this regard, ground samples have been sent
to labs to be analyzed to determine prospective mining locations,
and management of both companies currently vetting equipment and
infrastructure plans."
In preparation for the expected commencement of Phase-3 under
the Joint Venture, major infrastructural work continues with the
building and improvement of roads and bridges leading to the
property that will provide necessary access for all future
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 press release may contain certain "forward-looking
statements"involving known and unknown risks, uncertainties, and
other factors, which may cause actual results, performance, or
achievements of the Company to be materially different from any
future results expressed or implied by the forward-looking
statements. The Company undertakes no obligation to update any
forward-looking statements after the date of such statements.
CONTACT: Steve Chizzik
Investor relations
The Verrazano Group, LLC
+1(973) 232 5132