USCorp Announces Start of Drilling at Twin Peaks Gold and Silver Property

USCorp (OTCMarkets: USCS) today announced that drilling has commenced on the Twin Peaks Property including Phase 3 of the previous drilling program. The drilling program is expected to be completed in the first quarter of 2012. The plan calls for drilling of 150 holes, for 30,000 feet total, on the Twin Peaks Project claims group in Yavapai County, Arizona.

“We are very pleased that the drilling program is now underway,” said Robert Dultz, Chairman and CEO of USCorp. “Furthermore, we expect that the results of the program will verify recent assay reports that we have already received and announced on July 18, 2011, which indicate significant gold and silver being present.” Dultz added, “The Twin Peaks property has a history of producing gold and silver in the past. Each drilling program conducted on Twin Peaks claims has confirmed and extended the knowledge that was gained in prior exploration work indicating the presence of mineral resources.”

The areas that are being drilled include those identified in a Pincock Allen & Holt (PAH) report. According to that report, the property is believed to have definite upside potential with gold and silver mineralization ocurring at fault intersections, in known historic workings on the property and in five extensive mineralized quartz vein structures, including four that were discovered in the past year.

The drilling program and reclamation meet all environmental practices and regulations.

Board Longyear, the leading provider of mineral exploration drilling services and drilling products in the world, is conducting the drilling program. Boart Longyear, with more than 120 years of global mineral exploration expertise, is the only integrated drilling services and products provider, combining engineering excellence, global manufacturing facilities and is the most experienced drilling services group in the business.

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

USCorp (CE) (USOTC:USCS)
Historical Stock Chart
From Jun 2024 to Jul 2024