U.S. Precious Metals, Inc. (USPR) Announces Completion and Results of 2015 Drill Campaign
October 14 2015 - 9:00AM
Access Wire
NEW YORK, NY / ACCESSWIRE / October 14, 2015 /
U.S. Precious Metals, Inc. (USPR.OTCQB) announces its final
drilling results from the 2015 drill program on its Solidaridad
property, Michoacán, Mexico. The 2015 program consisted of 4,303
meters of diamond drilling resulting in 27 holes. The drill program
provided infill drilling on the "Main Zone," confirmation drilling
of older RC drill results and some exploratory drilling in the
"North," "South," "East" and "West Zones" which surround the "Main
Zone." The "Main Zone" drilling continued to return excellent
Cu-Ag-Au results while exploratory drilling on the "North Zone"
targets returned high grade intervals.
Highlights are indicated below followed by a table of
significant intercepts (41 separate intervals) from the program.
Drill hole LS 15-023 was the deepest mineralized intercept from
183.7m to 194.6m (10.9 meters) of 2.9 ppm Au and 11.2 ppm Ag. Drill
hole LS 15-024 is a 100 meter step-out to the south from drill hole
LS 15-023 and the rest of the Main Zone drilling. The intercept in
drill hole 24 from 182.2m to 187.8m (5.6 meters) of 6.5 ppm Au and
17.0 ppm Ag importantly establishes a 100 meter horizontal
continuity between holes 23 and 24 at depth.
Main Zone significant
intercepts
Drill Hole #
|
From (m)
|
To (m)
|
Length (m)
|
Au (ppm)
|
Ag (ppm)
|
Cu (%)
|
LS15-009
|
178.3
|
181.0
|
2.7
|
7.3
|
54.0
|
1.8
|
LS15-015
|
29.3
|
31.7
|
2.4
|
9.1
|
95.4
|
2.6
|
LS15-015
|
45.6
|
47.2
|
1.6
|
20.0
|
156.1
|
5.3
|
LS15-015
|
138.7
|
150.4
|
11.7
|
3.5
|
17.0
|
0.5
|
Includes
|
138.7
|
140.7
|
2.0
|
4.5
|
17.6
|
0.3
|
and
|
145.5
|
150.4
|
4.9
|
6.4
|
34.0
|
1.0
|
LS15-022
|
31.8
|
41.4
|
9.6
|
7.3
|
9.7
|
0.2
|
LS15-023
|
33.0
|
37.1
|
4.1
|
14.8
|
30.8
|
1.3
|
LS15-023
|
183.7
|
194.6
|
10.9
|
2.9
|
11.2
|
0.3
|
Includes
|
184.8
|
188.0
|
3.2
|
4.3
|
4.4
|
0.2
|
LS15-024
|
182.2
|
187.8
|
5.6
|
8.6
|
17.0
|
1.3
|
North Zone Significant
Intercepts
Drill Hole #
|
From (m)
|
To (m)
|
Length (m)
|
Au (ppm)
|
Ag (ppm)
|
Cu (%)
|
LS15-003
|
114.2
|
115.8
|
1.6
|
5.2
|
3.2
|
0.05
|
LS15-007
|
86.5
|
87.0
|
0.5
|
19.98
|
8.2
|
0.1
|
LS15-007
|
145.8
|
151.2
|
5.4
|
2.12
|
15.8
|
0.2
|
includes
|
146.5
|
147.7
|
1.2
|
6.07
|
15.0
|
0.2
|
A map of all 2015 drill collars and sections across the
mineralized zones is available on USPR's website at
http://www.usprgold.com/exploration/cross-sections.
A table of all key drill results is included below and is also
available at
http://www.usprgold.com/exploration/assays-2015-drill-campaign-results.
The 2015 drill program followed up on results from earlier drill
programs including drilling in 2008 and 2010 and the weighted
averages from these drill programs which have not been previously
released are now available on the USPR's website at
http://www.usprgold.com/exploration/drill-campaign-highlights.
Dave Burney, the Company's Chief Geologist stated, "The 2015
drilling results, combined with the results of the 2008 and 2010
drilling campaigns provides us with a comprehensive understanding
of the Main Zone and mineralized areas surrounding the Main Zone.
All assay results from the 2015 drilling campaign, maps and
cross-sections generated by the independent contractors have been
provided to a team of professionals that includes 'Qualified
Person' (QP) geologists who are evaluating all data and are in the
process of completing a 'Technical Report.' The second phase of
drilling is now in the planning stage. We are currently evaluating
drill targets for further definition and exploratory drilling on
the 2200 meter long mineralized trend that extends from the 'North
Zone' to Cuendeo. Additionally, we are evaluating a soil and stream
sediment survey campaign to begin exploring other areas where
surface samples have returned favorable assay results for all three
metals."
Table 1: 2015 Key Drill
Intercepts
Drill Hole
|
From(m)
|
To(m)
|
Length (m)
|
Au_ppm
|
Ag_ppm
|
Cu_pct
|
LS15-001
|
5.6
|
8.5
|
3.0
|
1.4
|
12.7
|
0.8
|
LS15-002
|
6.0
|
8.0
|
2.0
|
1.5
|
3.0
|
0.1
|
LS15-003
|
25.5
|
27.5
|
2.0
|
1.5
|
6.8
|
0.1
|
LS15-003
|
114.2
|
115.8
|
1.6
|
5.2
|
3.2
|
0.0
|
LS15-004
|
98.9
|
99.5
|
0.5
|
6.9
|
7.7
|
0.3
|
LS15-006
|
82.0
|
83.6
|
1.6
|
8.6
|
4.9
|
0.1
|
LS15-007
|
10.7
|
14.2
|
3.6
|
1.4
|
21.5
|
0.4
|
LS15-007
|
86.5
|
87.0
|
0.5
|
20.0
|
8.2
|
0.1
|
LS15-007
|
145.8
|
151.2
|
5.4
|
2.1
|
15.8
|
0.2
|
Includes
|
146.5
|
147.7
|
1.2
|
6.1
|
14.9
|
0.2
|
LS15-009
|
178.3
|
181.0
|
2.7
|
7.3
|
53.5
|
1.8
|
LS15-011
|
32.9
|
39.6
|
6.8
|
1.9
|
238.9
|
1.7
|
Includes
|
33.5
|
37.4
|
3.9
|
3.1
|
377.2
|
2.9
|
Or
|
36.2
|
36.9
|
0.7
|
5.3
|
401.7
|
3.2
|
LS15-013
|
55.3
|
59.0
|
3.8
|
3.5
|
47.1
|
0.7
|
Includes
|
56.0
|
56.5
|
0.5
|
7.8
|
41.8
|
0.2
|
and
|
57.7
|
59.0
|
1.4
|
5.2
|
74.5
|
1.6
|
LS15-014
|
69.1
|
70.4
|
1.4
|
9.7
|
35.1
|
1.0
|
LS15-015
|
29.3
|
31.7
|
2.4
|
9.1
|
95.4
|
2.6
|
LS15-015
|
45.6
|
47.2
|
1.6
|
20.0
|
156.1
|
5.3
|
LS15-015
|
138.7
|
140.7
|
2.0
|
4.5
|
17.6
|
0.3
|
LS15-015
|
145.5
|
150.4
|
4.9
|
6.4
|
34.0
|
1.0
|
Includes
|
145.5
|
146.9
|
1.4
|
7.8
|
26.8
|
0.9
|
and
|
148.9
|
150.4
|
1.5
|
13.6
|
84.8
|
2.4
|
LS15-017
|
113.1
|
115.7
|
2.6
|
2.4
|
26.2
|
0.9
|
Includes
|
114.4
|
115.3
|
0.9
|
5.1
|
23.1
|
0.8
|
LS15-018
|
79.9
|
81.9
|
2.0
|
1.1
|
33.7
|
0.8
|
LS15-018
|
84.2
|
89.7
|
5.5
|
1.4
|
46.3
|
1.4
|
LS15-019
|
29.5
|
31.1
|
1.6
|
14.1
|
66.8
|
1.6
|
LS15-019
|
71.0
|
73.3
|
2.3
|
1.9
|
11.1
|
0.3
|
LS15-019
|
117.9
|
118.5
|
0.6
|
24.1
|
119.8
|
3.6
|
LS15-020
|
65.7
|
71.3
|
5.6
|
1.3
|
6.6
|
0.3
|
LS15-020
|
79.0
|
83.4
|
4.3
|
7.7
|
32.6
|
1.4
|
Includes
|
81.0
|
83.4
|
2.3
|
13.6
|
56.4
|
2.4
|
LS15-020
|
105.7
|
108.4
|
2.7
|
1.9
|
23.8
|
0.6
|
Includes
|
106.9
|
108.4
|
1.5
|
3.1
|
39.7
|
1.0
|
LS15-021
|
57.0
|
59.8
|
2.8
|
3.0
|
11.1
|
0.2
|
Includes
|
58.6
|
59.3
|
0.7
|
6.9
|
27.1
|
0.6
|
LS15-022
|
31.8
|
41.4
|
9.6
|
7.3
|
9.7
|
0.2
|
LS15-022
|
138.8
|
143.4
|
4.6
|
2.3
|
12.0
|
0.3
|
Includes
|
139.4
|
140.2
|
0.8
|
6.7
|
20.0
|
0.7
|
LS15-022
|
141.2
|
141.7
|
0.5
|
6.5
|
52.5
|
1.3
|
LS15-023
|
33.0
|
37.1
|
4.1
|
14.8
|
30.8
|
1.3
|
LS15-023
|
109.4
|
112.7
|
3.4
|
2.1
|
10.2
|
0.2
|
Includes
|
110.6
|
111.6
|
1.0
|
5.1
|
23.1
|
0.3
|
LS15-023
|
174.6
|
176.7
|
2.1
|
3.0
|
38.9
|
0.7
|
Includes
|
175.7
|
176.7
|
1.0
|
6.0
|
76.3
|
1.4
|
LS15-023
|
183.7
|
194.6
|
10.9
|
2.9
|
11.2
|
0.3
|
Includes
|
183.7
|
188.7
|
5.0
|
2.9
|
3.6
|
0.1
|
Includes
|
184.8
|
188.0
|
3.2
|
4.3
|
4.4
|
0.2
|
Or
|
186.3
|
188.0
|
1.7
|
6.2
|
4.5
|
0.2
|
LS15-023
|
189.9
|
192.9
|
3.0
|
1.1
|
6.6
|
0.3
|
LS15-024
|
144.9
|
147.4
|
2.5
|
1.4
|
19.7
|
0.8
|
LS15-024
|
149.8
|
150.3
|
0.5
|
6.1
|
9.3
|
0.1
|
LS15-024
|
182.2
|
187.8
|
5.6
|
8.6
|
17.0
|
0.7
|
Includes
|
182.2
|
182.8
|
0.6
|
9.3
|
12.9
|
0.1
|
and
|
184.1
|
187.8
|
3.8
|
8.3
|
18.1
|
0.9
|
LS15-026
|
142.0
|
145.1
|
3.1
|
1.3
|
15.3
|
0.1
|
LS15-026
|
143.4
|
143.9
|
0.5
|
5.8
|
9.6
|
0.1
|
About USPR
U.S. Precious Metals, Inc. is an exploration stage company
engaged in the acquisition, exploration and development of mineral
properties. The Company focuses 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
Steve Chizzik
Investor relations
The Verrazano Group, LLC
+1(973) 232 5132
SOURCE: U.S. Precious Metals, Inc.