USCorp Selects Boart Longyear for Phase Three Drilling Project at its Twin Peaks Property in Yavapai County, Ariz.
July 06 2009 - 8:00AM
Business Wire
USCorp (OTCBB: USCS) today announced that it has selected Boart
Longyear (�Boart�) to carry out the final Phase 3 drilling program
at its Twin Peaks project in Yavapai County, Ariz.
Boart is the world�s leading integrated drilling services
provider and products manufacturer for the minerals industry, with
a substantial presence in the environmental and energy industry,
and in the infrastructure and energy industry.
Boart�s drilling services division provides contract drilling
services for the extraction of rock, soil and water samples for
technical analysis.
An Australian-based company, Boart�s corporate office is in
Sydney, Australia, and its head operations office is in Salt Lake
City, Utah. Boart�s five regional offices are in Australia, Canada,
The Netherlands, Peru and South Africa. They also have an office
and equipment yard in Peoria, Ariz., which is a suburb of Phoenix,
and a relatively short distance from USCorp�s properties.
�We chose Boart because of their expertise, extensive equipment,
and excellent international reputation in hard-to-reach drilling,�
said Robert Dultz, Chairman and CEO of USCorp, who noted that the
Phase 3 drilling program for the Twin Peaks Project will require
getting equipment into difficult locations and to depths that were
not reached in Phases 1 and 2 using reverse circulation
drilling.
�We have already mapped out our locations and where we will
drill; all approvals are in place so we are looking forward to
completing the final phase of our exploration drilling program on
this property,� added Dultz.
The selection of Boart complements the company�s use of ALS
Chemex and the 129-year-old Jacobs Assay 1880 with offices in
Tucson, Ariz., for the assay results. Jacobs Assay 1880 is
recognized by the Bureau of Land Management.
About USCorp
USCorp has two mineral exploration projects in the United
States: the gold and silver Twin Peaks project located in Yavapai
County, Ariz., and the gold Picacho Salton project located in
Imperial County, Calif. For more information, please see the
Company�s web site: www.uscorpnv.com.
About Measurements
Technical reports and feasibility studies on our two projects
are available on our website. Information concerning the properties
and operations of USCorp and its subsidiaries has been presented in
accordance with Canadian and internationally recognized standards.
The terms "Mineral Resource," "Measured Mineral Resource,"
"Indicated Mineral Resource" and "Inferred Mineral Resource" used
in our reports are Canadian mining terms and they are not defined
terms under standards of the United States Securities and Exchange
Commission. Under United States standards, mineralization may not
be classified as a "reserve" unless the determination has been made
that the mineralization could be economically produced and
permitted in order to be legally produced or extracted at the time
the reserve calculation is made. USCorp cautions readers not to
assume that all or any part of measured, indicated or inferred
resources will ever be converted into mineral reserves as defined
by the United States Securities and Exchange Commission.
Forward-Looking Statements
Statements contained in this release that are not historical
facts are forward-looking statements that involve risks and
uncertainties. Among the important factors that could cause actual
results to differ materially from those in the forward-looking
statements include, but are not limited to, those discussed in
�Risk Factors� in the company�s filings with the U.S. Securities
and Exchange Commission. The actual results that the company
achieves may differ materially from any material forward-looking
statements due to such risks and uncertainties. The company
undertakes no obligation to revise or update publicly any
forward-looking statements for any reason.
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