USCorp Announces Drilling On Twin Peaks Project to Commence in November
USCorp (OTCMarkets: USCS) today announced that drilling on the Twin
Peaks Project in Arizona will commence next month. Boart Longyear has
been retained to conduct the recently approved drilling program.
This diamond bit core drilling program will complete the final phase of
our three phase drilling program that was interrupted in 2008. It will
also drill the areas that have been recently identified from assay
results taken from surface grab samples that we disclosed in our July
11, 2011 press release. The additional drill locations were chosen after
careful review of the site by Pincock, Allen & Holt (PAH) and our
exploration team. In a report summarized in our August 23, 2011 press
release, PAH′s Chief Geologist stated: '?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.? Two additional lengthy quartz vein
structures were discovered after this report was written.
Robert Dultz, Chairman and CEO of USCorp said: 'We are very optimistic
that this drilling program will confirm the expectations we have for
this property because of the recent discovery of additional quartz dikes
several miles long with widths of 30, 60, and 90 feet in spots, and
depths of at least 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 five gold and silver bearing quartz
structures. We expect to get the results early in 2012, possibly sooner.?
Boart Longyear is the leading provider of mineral exploration drilling
services and drilling products in the world. The Company is the only
integrated drilling services and products provider, combining
engineering excellence, global manufacturing facilities and the most
experienced drilling services group in the business. With over 120 years
of global mineral exploration expertise and the most innovative products
in the market, Boart Longyear ultimately delivers unmatched reliability,
productivity and safety to the worksite.
From 1979 through 2011 several modern exploration programs have been
conducted on the Twin Peaks claims, each one confirming and extending
the knowledge gained in prior exploration work.
On March 22, 2011 USCorp through its wholly owned subsidiary USMetals,
Inc. entered into an Asset Funding/Operation and Shareholders Agreement,
and exhibits thereto (the 'Agreement?) with Arizona Gold Corp., a
private British Columbia Corporation ('AGC?) and its wholly owned
subsidiary, AGC Corp ('AGCAZ?), a private Arizona company, providing for
the sale of USMetals′ 172 Arizona mining claims to AGCAZ in exchange for
90,200,000 shares or over 50.1% of AGC′s common stock. The Twin Peaks
Project now consists of 268 Lode and 8 Placer Claims on approximately
5,520 acres in Yavapai County, Arizona. USCorp owns the gold Picacho
Salton project located in Imperial County, California.
More information about USCorp can be found at the company′s website: www.uscorpgold.com
or 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@uscorpgold.com
or
Martin
E. Janis & Company, Inc.
Beverly Jedynak, President
312-943-1123
bjedynak@janispr.com