USCorp Summarizes Recent Twin Peaks Gold and Silver Project Geology and Deposit Types
USCorp (OTC Markets: USCS) (www.uscorpgold.com)
today made public a summary of part of a recent report by Bart Stone,
chief geologist for Pincock Allen & Holt ('PAH?) regarding the specific
geology and deposit types at the Twin Peaks project in Arizona.
Image2Map Services, Inc. provided image processing and geological
interpretations of satellite and aerial imagery. On the basis of their
discoveries and recommendation, Arizona Gold Corp ('AGC?) added 104
claims west of the original claim block to cover several new gold and
silver vein systems lying outside the original 172 claim boundary. As
recently reported, the Arizona Bureau of Land Management (BLM) has
granted a drilling permit for the claims area.
USCorp chairman and CEO, Robert Dultz, said: 'This summary, prepared by
USCorp personnel, is technical and may have terms that are unfamiliar to
many of our shareholders.' A glossary of mining and geology terms can be
found at: http://www.miningbasics.com/mining-glossary.
The PAH Geological Summary contained the following points:
(1) GEOLOGIC FORMATION. 'The Twin Peaks project is situated in the
faulted border zone between the Colorado Plateau and the Southern Basin
and Range Province of the North American Craton (Craton: a large, stable
block of the earth's crust). Pegmatites are abundant and reach lengths
of dozens of feet and widths of up to 10 feet. Typical mineralogy of the
pegmatites includes large Muscovite books, black tourmaline crystals,
quartz crystals, and orthoclase and plagioclase class feldspars.'
(Pegmatites: coarse-grained, igneous rocks, usually granite,
characterized by large well-formed crystals, and often contain rare
elements.)
(2) GEOLOGIC ORIGIN OF PRECIOUS METAL MINERALIZATION AT TWIN PEAKS.
'Localized faulting has led to Cretaceous and Tertiary volcanic activity
and epigenetic hypogene enrichment.' Epigenetic refers to ores and
mineral products introduced into their surrounding rocks after the rocks
themselves had already come into existence. Hypogene enrichment (in a
deeper layer) is significant because a mineral of supergene origin (from
a more superficial layer) is likely to disappear within a few hundred
feet of depth. If the relative proportion of supergene to hypogene ore
minerals can be estimated (by Phase 3 drilling and assay), the ratio
gives a basis for estimating the grade of ore that will be expected in
the primary zone below the reach of enrichment.
(3) ASSAY RESULTS IN SUPPORT OF GEOLOGY. PAH noted that '?good gold
values were found near the contact between the Tertiary plug and the
underlying granitics just to the south of the Hayes mine area?' PAH also
noted large pegmatite veins and structural fault zones with gold and
silver at various dip and strike angles. Examples of assay results are
given in our July 18, 2011 press release.
(4) ORE TYPE. Gold and silver mineralization in the claims area is
characterized by massive white Drusy quartz with relict sulfide casts.
Drusy quartz veins are typical of precious metal systems worldwide. Two
extensive drusy quartz veins carrying gold and silver mineralization
were discovered during PAH's site visit in addition to other gold and
silver deposits found at fault intersections and in known historical
workings on the property.
(5) ESTIMATION OF PRECIOUS METALS AT TWIN PEAKS. PAH concluded that the
Twin Peaks property has definite upside potential, that 'a potential
5,000,000 tons or more of resources? [gold and silver] resides in three
lengthy quartz vein structures, including two discovered during PAH's
site visit, and that other gold and silver mineralization [that is, gold
and silver bearing ore] also occurs at fault intersections, and in known
historic workings on the property.
USCorp CEO Dultz said: 'More gold and silver bearing quartz veins have
been discovered by the mining team since PAH's site visit based on the
analysis of satellite data performed by Image2Map Services. The mining
team reported discovering additional quartz dikes several miles long
with widths of 30, 60, and 90 feet in spots, and depths of up to 400
feet based on exposed sections. Until the drilling exploration is
completed, we will not know the full extent of the width and depth of
these gold and silver bearing quartz structures.'
As previously reported, Major Drilling Group International, Inc. (http://www.majordrilling.com)
has been retained to complete Phase 3 Drilling, that now includes
additional drilling targets in the newly added claims group. We expect
to complete this drilling program this year. Selected assay results may
be reported during the drilling period.
Mr. Dultz added, 'Every set of fresh eyes that looks at this property
confirms prior reports, studies, and gold and silver assays. Every time
they add something new to what we know about the Twin Peaks project.
Thanks to the recent work of Pincock Allen & Holt and research by
Image2Map Services, we have a better idea of the extent of the gold and
silver mineralization at this site.'
The Twin Peaks property lies 7 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. Today the Twin Peaks Project
consists of 276 claims on 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.uscorpgold.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@uscorpgold.com
or
Martin
E. Janis & Company, Inc.
Beverly Jedynak, President,
312-943-1123
bjedynak@janispr.com
or
Constellation
Asset Advisors, Inc.
Jens Dalsgaard, President, 415-524-8500
info@constellationaa.com