USCorp Launches New Website and Highlights Very Busy and Successful Year in Letter to Shareholders
November 02 2011 - 8:30AM
Business Wire
USCorp (OTCMarkets: USCS) today announced it has launched its
updated website: http://www.uscorpgold.com. Included on the new
site, in a letter to shareholders, is a recap of one of the most
successful years in the company’s history. The letter to
shareholders can be found at
http://uscorpgold.com/wp-content/uploads/2011-Shareholders-Letter.pdf.
In the letter, USCorp said that the past fiscal year, ending
September 30, 2011, has been among the most active and productive
in the company’s history.
In the letter to shareholders, Robert Dultz, Chairman and CEO of
USCorp said, “With the last stages of the Twin Peaks Project
exploration program fully underway, we are now turning our
attention to the Picacho Salton property” (in California), noting
that the company has secured the services of Image2Map Services. We
also expect retain the services of Pincock Allen & Holt. “Our
MPO [Mining Plan of Operations] for conducting exploratory drilling
has been reviewed by the Bureau of Land Management and we look
forward to keeping you apprised of our progress in this promising
property going forward.”
During the past year, USCorp took significant steps to bringing
about shareholder value as it relates to the company’s interests in
the Twin Peaks Property in Arizona. Among the achievements during
the past year were:
- Renegotiation and reduction of
corporate debt
- Strategic business relationship formed
with Arizona Gold Corp. (“AGC”) to carry out activities at Twin
Peaks: Exchanged the Twin Peaks claims for 66.82% of the issued and
outstanding shares of AGC.
- Established strategic business
relationships with world-class mining professionals and mining
services providers for the project including Pincock, Allen &
Holt (PAH, Boart Longyear Drilling and Image2Map Services,
Inc.
- AGC added 104 new lode mining claims to
the Twin Peaks project bringing total claims to 276 on 5,520 acres
in Yavapai County Arizona.
- $2.1 million in funding for Twin Peaks
Project.
- The PAH report on a portion of the Twin
Peaks property stated it has definite upside potential with a
potential five million tons or more of resources residing in three
extensive mineralized quartz vein structures, including two
discovered during PAH’s site visit and confirmation that other gold
and silver mineralization also occurs at fault intersections and
still exists in known historical workings on the property.
- After PAH’s site visit two additional
quartz vein structures were discovered. The quartz vein structures
all together total almost 8 miles in length, and exposed portions
show over 400 feet in depth. November’s drilling program is
expected to confirm actual depth and determine values.
- Arizona Bureau of Land Management
approved a revised Mining Plan of Operations (“MPO”) that allows
for completion of the third phase of previously approved MPO and
conduct drilling on the newly added mining claims.
- Announced that drilling on the Twin
Peaks Property for Phase 3 will commence in November with Boart
Longyear contracted to conduct the program.
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.
More information on USCorp can be found at the company’s
website:. http://www.uscorpgold.com
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