USCorp Launches New Website and Highlights Very Busy and Successful Year in Letter to Shareholders
USCorp (OTCMarkets: USCS) today announced it has launched its updated
website: http://www.uscorpgold.com.
Included on the new site, in a letter to shareholders, is a recap of one
of the most successful years in the company′s history. The letter to
shareholders can be found at http://uscorpgold.com/wp-content/uploads/2011-Shareholders-Letter.pdf.
In the letter, USCorp said that the past fiscal year, ending September
30, 2011, has been among the most active and productive in the company′s
history.
In the letter to shareholders, Robert Dultz, Chairman and CEO of USCorp
said, 'With the last stages of the Twin Peaks Project exploration
program fully underway, we are now turning our attention to the Picacho
Salton property? (in California), noting that the company has secured
the services of Image2Map Services. We also expect retain the services
of Pincock Allen & Holt. 'Our MPO [Mining Plan of Operations] for
conducting exploratory drilling has been reviewed by the Bureau of Land
Management and we look forward to keeping you apprised of our progress
in this promising property going forward.?
During the past year, USCorp took significant steps to bringing about
shareholder value as it relates to the company′s interests in the Twin
Peaks Property in Arizona. Among the achievements during the past year
were:
Renegotiation and reduction of corporate debt
Strategic business relationship formed with Arizona Gold Corp. ('AGC?)
to carry out activities at Twin Peaks: Exchanged the Twin Peaks claims
for 66.82% of the issued and outstanding shares of AGC.
Established strategic business relationships with world-class mining
professionals and mining services providers for the project including
Pincock, Allen & Holt (PAH, Boart Longyear Drilling and Image2Map
Services, Inc.
AGC added 104 new lode mining claims to the Twin Peaks project
bringing total claims to 276 on 5,520 acres in Yavapai County Arizona.
$2.1 million in funding for Twin Peaks Project.
The PAH report on a portion of the Twin Peaks property stated it has
definite upside potential with a potential five million tons or more
of resources residing in three extensive mineralized quartz vein
structures, including two discovered during PAH′s site visit and
confirmation that other gold and silver mineralization also occurs at
fault intersections and still exists in known historical workings on
the property.
After PAH′s site visit two additional quartz vein structures were
discovered. The quartz vein structures all together total almost 8
miles in length, and exposed portions show over 400 feet in depth.
November′s drilling program is expected to confirm actual depth and
determine values.
Arizona Bureau of Land Management approved a revised Mining Plan of
Operations ('MPO?) that allows for completion of the third phase of
previously approved MPO and conduct drilling on the newly added mining
claims.
Announced that drilling on the Twin Peaks Property for Phase 3 will
commence in November with Boart Longyear contracted to conduct the
program.
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.
More information on USCorp can be found at the company′s website:. http://www.uscorpgold.com
Martin E. Janis & Company, Inc.
Bev Jedynak
312-943-1123
bjedynak@janispr.com