USCorp Announces Additional 104 Gold Claims Added to Twin Peaks Project
June 30 2011 - 8:30AM
Business Wire
USCorp (OTC:USCS) and Arizona Gold Corp. (“AGC”), a private
British Columbia Corporation, today announced the addition of 104
gold claims to its Twin Peaks Project. With these additional
claims, the project now consists of 276 claims on 5,520 acres in
Yavapai County, Arizona.
USCorp originally had 141 unpatented mining claims on Bureau of
Land Management ground controlled by USMetals. The claims covered
an area of 2,820 acres. Earlier this year USCorp added 31
additional claims to bring the total to 172, and following the
strong recommendations of Pincock Allen & Holt last month, AGC
added an additional 104 claims west of the original claim block to
cover several new vein systems lying outside the original 141 claim
boundary.
The Twin Peaks property lies seven miles southwest of Bagdad,
Arizona, which is the site of one of Freeport McMoRan’s large
porphyry copper mines. The property sits northwest of the Santa
Maria River, and east of State Highway 93 between Highway 96 and
97. Records indicate that precious metals have historically been
found at the properties including the Hayes silver Mine, the Crosby
Mine, and the Glory Hole Mine. Mining was curtailed during World
War II. In the early 1980s as a result of the rising gold prices, a
flurry of exploration activity with some drilling occurred. USCorp
acquired USMetals in 2002. At that time USMetals owned 134 of the
claims that make up the Twin Peaks Project. From 1979 through 2008
several exploration programs have been conducted in the area.
About USCorp
USCorp also has the gold Picacho Salton project located in
Imperial County California.
Information about USCorp can be found at the company’s website:
http://uscorpnv.com.
SAFE HARBOR ACT DISCLAIMER NOTICE
“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: The statements contained in this release which
are not historical facts are forward-looking statements that are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth in or implied by
forward-looking statements. These risks and uncertainties include
the Company's entry into new commercial businesses, the risk of
obtaining financing, recruiting and retaining qualified personnel,
and other risks described in the Company's Securities and Exchange
Commission filings. The forward-looking statements in this press
release speak only as of the date hereof, and the Company disclaims
any obligation to provide updates, revisions or amendments to any
forward-looking statement to reflect changes in the Company’s
expectations or future events.
USCorp (CE) (USOTC:USCS)
Historical Stock Chart
From Jun 2024 to Jul 2024
USCorp (CE) (USOTC:USCS)
Historical Stock Chart
From Jul 2023 to Jul 2024