U.S. Tungsten Corp. Update on Calvert Project Site
November 26 2013 - 9:00AM
Marketwired
U.S. Tungsten Corp. Update on Calvert Project Site
HENDERSON, NV--(Marketwired - Nov 26, 2013) - U.S. Tungsten
Corp. (OTCQB: USTU) (the "company") is pleased to provide the
following update to our shareholders.
Although we were affected by the early winter storms at the
Calvert Project site, approximately 50% of the geophysical survey
was completed. Our technical advisors have indicated that the
magnetic 'signatures' we would expect to find were present. Based
upon these findings, our company will be applying to the U.S.
Forest Service for permission to conduct confirmation drilling at
the Calvert Project site. Once permission is received, our company
hopes to commence the two to three week program at the earliest
opportunity in 2014, based upon the weather and permitting
constraints in Southwest Montana.
President, Barry Wattenberg said, "We have assembled advisors to
this project with outstanding credentials. We hope to fully
evaluate the ore-body and its commercial viability by
mid-2014."
U.S. Tungsten Corp. seeks to become the first domestic producer
of tungsten in almost 50 years. Our company has staked substantial
area in Southwest Montana including the historic Brown's Lake
Production area as well as the flagship Calvert Project.
Notice regarding forward looking statements
This news release contains "forward-looking statements," as
that term is defined in Section 27A of the United States Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, the receipt of drilling permits or the expected
commencement of the drilling program, the commercial viability of
any mineral resource that may be identified, and the results that
may be obtained from any exploration work that may be
conducted.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration. These forward-looking statements are made
as of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that the
beliefs, plans, expectations and intentions contained in this press
release are reasonable, there can be no assurance that such
beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure
outlined in our current and periodic reports filed from
time-to-time with the Securities and Exchange Commission.
For further information, please visit the company's website:
www.ustungsten.com
US Tungsten Corp. Tel: 702-940-2323 Fax:
702-952-0400 email:
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