US Tungsten Corporation Announces Start of Ground Magnetic Survey of the Calvert Hill Project
26.09.2013 | Marketwire
HENDERSON, Sep 26, 2013 - US Tungsten Corp. ("US Tungsten" or "USTU"), (OTCQB: USTU), is pleased to announce that we have contracted to conduct a ground magnetic survey over the Calvert Hill project in Beaverhead County, Montana. We expect the survey and subsequent evaluation to be completed by the end of October 2013.The magnetic profile lines will be surveyed with a line spacing of 300 feet and 100 feet at locations specified by the Company. The total program is expected to be approximately 56 line-kilometers. The Total Magnetic Field and Vertical Magnetic Gradient will be measured with a resolution of 0.001 nT. A GPS system capable of XY accuracy of ±2m will be used for navigation and positioning. Deliverables should include diurnally-corrected total magnetic field data, vertical magnetic gradient, all raw and processed data, topo-based line location map, and a brief acquisition report. Delivered data will also include magnetic data Reduced to Pole and derivative, gradient, and residual maps as appropriate.
The data will then be analyzed by our advisors. A projected 2014 definition drilling program will be drafted from this information. An application for permitting with the United States Forest Service (Administrators of the Claims area) will be drafted and submitted from this data as well.
ABOUT US TUNGSTEN CORP:
The Company seeks to become the first commercially viable domestic producer of Tungsten (W) in almost 50 years. Tungsten (W), is a Strategic Mineral/Metal, designated by the international community as a 'Conflict' Mineral. This designation would substantially value any traceable domestic production. The Company is concentrating in an area of S.W. Montana which has historically been a significant Tungsten producing district. USTU has staked claims to previously producing deposits as well as promising areas surrounding and along the 'trend' of these historical deposits.
SAFE HARBOR STATEMENT:
"Forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future including, but not limited to, additional acquisitions. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. US Tungsten Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current and periodic reports filed from time-to-time with the Securities and Exchange Commission.
For Additional Information, Contact:
Teresa Schaffer
shareholder/public relations
Tel: 1-954-822-0253
E-mail: Email Contact