USCorp Says Pincock Allen & Holt Report Technical Observations Conclude There is Significant Upside Potential at Twin Peaks Property
Initial Surface Gold Grab Assay Results Bear Out Conclusion
USCorp (OTCMarkets: USCS) today announced that in its initial report to
Arizona Gold Corporation (AGC), earlier this year, Pincock Allen & Holt
confirmed that 'the Twin Peaks Property has definite upside potential,
that a potential five million tons, or more of resources reside in three
lengthy quartz vein structures, including two discovered during PAH′s
site visit and that other gold and silver mineralization also occurs at
fault intersections and in known historical workings on the property.?
The report, which was prepared following a visit by geologists to the
site and extensive review of the Arizona Land Mines historical data on
the Twin Peaks project, strongly recommended the staking of the recently
announced additional claims, where several new quartz veins were
discovered during the PAH visit. The report also recommended a 13,000
foot drilling program to test the five significant areas of potential
mineralization and vein structures.
Additionally, surface grab samples in the area provided assay results
that were 'exceptionally exciting and confirmed our original
expectations for the area,? said Robert Dultz, Chairman and CEO of
USCorp. 'In a grab assay situation, one would be very happy if 20% of
the samples showed the presence of gold and silver. Assay results from
samples taken over a period of several weeks this spring and prepared by
highly respected Jacobs Assay Office, established in 1880, indicated
that of the 105 samples 48 of them or 45.7% showed the presence of gold
above 0.10 per ounce ton and/or silver above 0.25 per ounce per ton.
'These assay results confirm that the Twin Peaks Property is everything
that I always believed it to be,? Dultz said. Some selected examples of
these assays include:
Samples | AU oz/t | AG oz/t | ||||
QDER | .010 | 17.95 | ||||
PIC | .002 | .45 | ||||
SDW2 | 1.152 | 1.05 | ||||
WASSAMI* | .736 | 23.35 | ||||
BSOC1 | .902 | 53.00 | ||||
WENCRBS (duplicate) | .380 | .40 | ||||
WCQZ | .599 | .25 | ||||
DUPLICATE WCQZ | .663 | .60 |
*taken from sand/gravel at base of dike
The above assays are primarily those taken from the new claim area
recommended by Pincock Allen & Holt and secured by the Company.
The Twin Peaks property lies seven 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. Records indicate that
precious metals have historically been found at the properties including
the Hayes silver Mine, the Crosby Mine, and the Glory Hole Mine. Mining
was curtailed during World War II. In the early 1980s as a result of the
rising gold prices, a flurry of exploration activity with some drilling
occurred. USCorp acquired USMetals in 2002. At that time USMetals owned
134 of the claims that make up the Twin Peaks Project. From 1979 through
2008 several exploration programs have been conducted in the area. Today
the Twin Peaks Project consists of 276 claims over 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.uscorpnv.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
Robert Dultz
Chairman and CEO
robert@uscorpnv.com
or
Martin
E. Janis & Company, Inc.
Beverly Jedynak, 312-943-1123
President
bjedynak@janispr.com
or
Constellation
Asset Advisors, Inc.
Jens Dalsgaard, 415-524-8500
President
info@constellationaa.com