USCorp Gold and Silver Junior Exploration Mining Company Update
October 26 2009 - 8:30AM
Business Wire
USCorp (OTCBB:USCS), updates shareholders and other interested
individuals regarding its progress.
Management is pursuing ongoing negotiations with a number of
individuals representing various mining companies and has uploaded
proprietary technical data to a secure website for viewing by
industry professionals as discussed in our October 22, 2009 press
release.
USCorp is ready to joint-venture, merge, acquire or be acquired,
or use some other model in order to develop USCorp’s
properties.
Estimates of gold and silver at Twin Peaks in Arizona, USA and
Picacho Salton in California, USA will be updated when we finish
Phase 3 drilling, collecting, analyzing and integrating that data.
Then we expect to have a clear idea of the gold and silver ore body
structures.
The drilling program planned for California is ready to go
forward pending final permitting and adequate financing.
About USCorp
USCorp has two mineral exploration projects in the United
States: the gold and silver Twin Peaks project located in Yavapai
County, Arizona, and the gold Picacho Salton project located in
Imperial County, California.
About Measurements
Technical Reports and Feasibility Studies on our projects are
presented in accordance with Canadian and internationally
recognized standards. The terms "Mineral Resource", "Measured
Mineral Resource", "Indicated Mineral Resource" and "Inferred
Mineral Resource" are Canadian mining terms and are not defined
terms under standards of the United States Securities and Exchange
Commission (SEC). Under SEC 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 SEC.
Forward Looking Statements
Statements contained in this release that are not historical
facts are forward-looking and involve risks and uncertainties. See
“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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