US Precious Metals, Inc. (USPR) Provides Drilling Update
June 08 2015 - 9:00AM
Access Wire
NEW YORK, NY / ACCESSWIRE / June 8, 2015 / US
Precious Metals, Inc. (OTCQB:USPR) announces that as of Monday,
June 8, management has completed fifteen drill holes in its current
drilling program which is underway on its property located in
Michoacan, Mexico. The cumulative depth of these holes is
approximately of 2500 meters. Significant mineralization has been
identified in each of the cores drilled and a majority of cores are
presently being assayed by an independent laboratory. Drilling
operations continue on the property.
Mr David Burney, USPR's geologist stated, "I am very pleased
with our current drilling program. We are seeing significant zones
of mineralization with Bornite, Pyrite and Chalcopyrite clearly
visible. This is indicative with what we have seen from our prior
drilling campaigns and we are eagerly awaiting the assay results to
confirm our observations."
A key focus of the current drilling program was to identify a
geological continuity between the North Zone and the Main Zone of
the property. The Company believes that this continuity has been
clearly established and confirmed at this time. The Company expects
that the current and subsequent campaigns also will lead to a much
greater understanding of the property and ultimately a significant
increase in reserves.
Prior to the commencement of drilling operations, the Company
obtained the necessary drilling permits from the Secretariat of
Environmental and Natural Resources of Mexico (SEMARNAT). SEMARNAT
is charged with the mission of protecting, restoring and conserving
the ecosystems, natural resources, assets, and environmental
services of Mexico with the goal of fostering sustainable
development.
USPR also has engaged the University of Michoacan, one of the
leading Universities in Mexico, to conduct additional environmental
studies which will enable USPR to extend their exploration area so
as to allow the Company to prove out additional acreage.
Concurrent with drilling, infrastructure on the property
continues to be improved, allowing the drill team timely
access to all current and future drill sites.
In addition, as part of management's commitment to the local
community, USPR has aided the village of el Zapote de Cuendeo by
improving their local roads and upgrading local amenities.
Mr John Gildea, COO USPR, stated, "We are delighted with
the progress taking place on our property at the moment. We have
made huge strides in the last few months towards increasing the
value of our concessions. Our team in Mexico has strengthened our
links to the local communities as well as our relationships with
both local and regional authorities. I would like to thank them for
their support and also thank our team on the ground for their hard
work. In summary, the initial indications from the drilling to date
are extremely positive. We will continue to keep shareholders
apprised of all future developments."
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.