USCorp, a Junior Gold Exploration Company, Signs Major Joint Venture Agreement
October 18 2010 - 6:30AM
Business Wire
USCorp (OTCBB:USCS) has signed an Agreement to form a Joint
Venture that will initially provide USD$25 million in loans and
loan guarantees for development of USCorp’s mining properties. The
Agreement also calls for raising USD$100 million publicly or
privately.
USCorp announced in a previous press release dated September 9,
that USCorp had signed a Letter of Intent with a Chinese
Agricultural, Industrial and Mining Conglomerate with over USD$700
million in annual revenues.
USCorp will release additional details shortly.
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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