USCorp Summarizes Recent Twin Peaks Gold and Silver Project Geology and Deposit Types

USCorp (OTC Markets: USCS) (www.uscorpgold.com) today made public a summary of part of a recent report by Bart Stone, chief geologist for Pincock Allen & Holt (“PAH”) regarding the specific geology and deposit types at the Twin Peaks project in Arizona. Image2Map Services, Inc. provided image processing and geological interpretations of satellite and aerial imagery. On the basis of their discoveries and recommendation, Arizona Gold Corp (“AGC”) added 104 claims west of the original claim block to cover several new gold and silver vein systems lying outside the original 172 claim boundary. As recently reported, the Arizona Bureau of Land Management (BLM) has granted a drilling permit for the claims area.

USCorp chairman and CEO, Robert Dultz, said: "This summary, prepared by USCorp personnel, is technical and may have terms that are unfamiliar to many of our shareholders." A glossary of mining and geology terms can be found at: http://www.miningbasics.com/mining-glossary.

The PAH Geological Summary contained the following points:

(1) GEOLOGIC FORMATION. "The Twin Peaks project is situated in the faulted border zone between the Colorado Plateau and the Southern Basin and Range Province of the North American Craton (Craton: a large, stable block of the earth's crust). Pegmatites are abundant and reach lengths of dozens of feet and widths of up to 10 feet. Typical mineralogy of the pegmatites includes large Muscovite books, black tourmaline crystals, quartz crystals, and orthoclase and plagioclase class feldspars." (Pegmatites: coarse-grained, igneous rocks, usually granite, characterized by large well-formed crystals, and often contain rare elements.)

(2) GEOLOGIC ORIGIN OF PRECIOUS METAL MINERALIZATION AT TWIN PEAKS. "Localized faulting has led to Cretaceous and Tertiary volcanic activity and epigenetic hypogene enrichment." Epigenetic refers to ores and mineral products introduced into their surrounding rocks after the rocks themselves had already come into existence. Hypogene enrichment (in a deeper layer) is significant because a mineral of supergene origin (from a more superficial layer) is likely to disappear within a few hundred feet of depth. If the relative proportion of supergene to hypogene ore minerals can be estimated (by Phase 3 drilling and assay), the ratio gives a basis for estimating the grade of ore that will be expected in the primary zone below the reach of enrichment.

(3) ASSAY RESULTS IN SUPPORT OF GEOLOGY. PAH noted that "…good gold values were found near the contact between the Tertiary plug and the underlying granitics just to the south of the Hayes mine area…" PAH also noted large pegmatite veins and structural fault zones with gold and silver at various dip and strike angles. Examples of assay results are given in our July 18, 2011 press release.

(4) ORE TYPE. Gold and silver mineralization in the claims area is characterized by massive white Drusy quartz with relict sulfide casts.

Drusy quartz veins are typical of precious metal systems worldwide. Two extensive drusy quartz veins carrying gold and silver mineralization were discovered during PAH's site visit in addition to other gold and silver deposits found at fault intersections and in known historical workings on the property.

(5) ESTIMATION OF PRECIOUS METALS AT TWIN PEAKS. PAH concluded that the Twin Peaks property has definite upside potential, that “a potential 5,000,000 tons or more of resources” [gold and silver] resides in three lengthy quartz vein structures, including two discovered during PAH's site visit, and that other gold and silver mineralization [that is, gold and silver bearing ore] also occurs at fault intersections, and in known historic workings on the property.

USCorp CEO Dultz said: "More gold and silver bearing quartz veins have been discovered by the mining team since PAH's site visit based on the analysis of satellite data performed by Image2Map Services. The mining team reported discovering additional quartz dikes several miles long with widths of 30, 60, and 90 feet in spots, and depths of up to 400 feet based on exposed sections. Until the drilling exploration is completed, we will not know the full extent of the width and depth of these gold and silver bearing quartz structures."

As previously reported, Major Drilling Group International, Inc. (http://www.majordrilling.com) has been retained to complete Phase 3 Drilling, that now includes additional drilling targets in the newly added claims group. We expect to complete this drilling program this year. Selected assay results may be reported during the drilling period.

Mr. Dultz added, "Every set of fresh eyes that looks at this property confirms prior reports, studies, and gold and silver assays. Every time they add something new to what we know about the Twin Peaks project. Thanks to the recent work of Pincock Allen & Holt and research by Image2Map Services, we have a better idea of the extent of the gold and silver mineralization at this site."

The Twin Peaks property lies 7 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. Today the Twin Peaks Project consists of 276 claims on 5,520 acres in Yavapai County, Arizona.

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: www.uscorpgold.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