U.S. Precious Metals, Inc. (USPR) Announces 2015 Drilling Program
March 04 2015 - 2:15PM
Access Wire
NEW YORK, NY / ACCESSWIRE / March 4, 2015 /
U.S. Precious Metals, Inc. (OTCQB:USPR) announces the hiring of ACT
HOLDINGS, LLC, (ACT) to act as operator for the Company's 2015 core
drilling program on its mining concessions located in Michoacan,
Mexico. The program initially consists of 5,000 meters that target
areas near drill holes from prior drilling campaigns to expand and
define known mineralized zones at depth. Moreover, specific
anomalies identified by the Company's satellite imaging and ground
geophysics in previously unexplored areas are additional targets of
this drilling campaign. In these areas, the Company's goal is to
confirm with core drilling a number of the anomalies identified by
prior imaging and geophysical data.
ACT, with offices in Kings Mountain (Charlotte), North Carolina
and Miami, Florida, is a design, engineering and manufacturing
firm. ACT has subcontracted the following team of experienced
mining professionals:
1. BRPH, Melbourne Florida, is an international engineering and
design group with national and international clients. BRPH will be
responsible for design and construction of roads, drill sites,
drainage and retention structures, power, water, sanitation
systems, environmental remediation and reclamation.
2. Globexplore Drilling SA De CV, Sonora, Mexico, will conduct
the actual drilling operations on the concessions. Globexplore is
one of the most respected core drilling companies in Mexico. They
maintain state of the art equipment capable of drilling to depths
of 1,700 meters. Globexplore has performed drilling operations for
many well known exploration companies in Mexico, including Grupo
Mexico, and Timmins Gold, among others.
3. Francis X.R. Delzer, Professional Engineer and Rene G. von
Boeck, Professional Geologist have been retained to assist the
Company's geologist, Mr. Dave Burney. Collectively, Messers. Delzer
and von Boeck have over 80 years' experience in domestic and
international mining and exploration projects, often times working
together. Projects include: US Steel's Orinoco Mining, Ciudad Piar,
Venezuela (Iron Ore), Minera Industrials, Portovelo, Ecuador (Gold,
Copper, Lead, Zinc), and Anaconda's Andes Copper Mine, El Salvador,
Chile (copper).
Their responsibilities will include independent analysis of
drill site locations and drilling activities, and maintaining the
integrity of on site, drill cores for the necessary "Chain of
Custody" control.
4. ACT also hired Samuel S. Johnson, MBA, PE to function as
Project Manager. Mr. Johnson has over 40 years' experience in
mining, business development, and has been president and COO of
several companies.
Ambassador Hans Hertell; President and Chairman of the Board of
Directors, stated, "The hiring of ACT represents a major step for
the Company in further proving its asset in Michoacán, Mexico. We
are very excited to have this exploration process underway. This
endeavor is a significant milestone for the Company. I want to
thank our shareholders who have had immense patience and confidence
in us. I am looking forward to keeping shareholders apprised of
results as they develop".
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" relating to the business of U.S. Precious Metals, Inc.
and its subsidiary. All statements, other than statements of
historical fact included herein are "forward-looking statements"
including statements regarding the Company's short term business
and operations, the general ability of the Company to achieve its
commercial objectives, including the ability of the Company to
sustain growth; the business strategy, plans and objectives of the
Company and its subsidiaries; and any other statements of
non-historical information. These forward-looking statements are
often identified by the use of forward-looking terminology such as
"believes," "expects", "intended", or similar expressions, involve
known and unknown risks and uncertainties. Although the Company
believes that the expectations reflected in these forward-looking
statements are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Investment & Company Information
Contact:
Steve Chizzik
Investor relations
The Verrazano Group, LLC
+1(973) 232 5132
SOURCE: US Precious Metals, Inc.