USCorp, a Junior Gold Exploration Company, Signs Major Joint Venture Agreement
USCorp (OTCBB:USCS) has signed an Agreement to form a Joint Venture that
will initially provide USD$25 million in loans and loan guarantees for
development of USCorp′s mining properties. The Agreement also calls for
raising USD$100 million publicly or privately.
USCorp announced in a previous press release dated September 9, that
USCorp had signed a Letter of Intent with a Chinese Agricultural,
Industrial and Mining Conglomerate with over USD$700 million in annual
revenues.
USCorp will release additional details shortly.
About USCorp
USCorp has two mineral exploration projects in the United States: the
gold and silver Twin Peaks project located in Yavapai County, Arizona,
and the gold Picacho Salton project located in Imperial County,
California.
About Measurements
Technical Reports and Feasibility Studies on our projects are presented
in accordance with Canadian and internationally recognized standards.
The terms 'Mineral Resource,' 'Measured Mineral Resource,' 'Indicated
Mineral Resource' and 'Inferred Mineral Resource' are Canadian mining
terms and are not defined terms under standards of the United States
Securities and Exchange Commission (SEC). Under SEC standards,
mineralization may not be classified as a 'reserve' unless the
determination has been made that the mineralization could be
economically produced and permitted in order to be legally produced or
extracted at the time the reserve calculation is made. USCorp cautions
readers not to assume that all or any part of Measured, Indicated or
Inferred Resources will ever be converted into Mineral Reserves as
defined by the SEC.
Forward Looking Statements
Statements contained in this release that are not historical facts are
forward-looking and involve risks and uncertainties. See 'Risk Factors?
in the company′s filings with the U.S. Securities and Exchange
Commission. The actual results that the company achieves may differ
materially from any material forward-looking statements due to such
risks and uncertainties. The company undertakes no obligation to revise
or update publicly any forward-looking statements for any reason.
USCorp
Robert Dultz, Chairman and CEO
robert@uscorpnv.com
or
Martin
E. Janis & Company, Inc. Public Relations
Beverly Jedynak,
312-943-1123
bjedynak@janispr.com