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SMALL BUSINESS
USCorp Gold and Silver Junior Exploration Mining Company Update
Business Wire
USCorp (OTCBB:USCS), updates shareholders and other interested
individuals regarding its progress.
Management is pursuing ongoing negotiations with a number of individuals
representing various mining companies and has uploaded proprietary
technical data to a secure website for viewing by industry professionals
as discussed in our October 22, 2009 press release.
USCorp is ready to joint-venture, merge, acquire or be acquired, or use
some other model in order to develop USCorp’s properties.
Estimates of gold and silver at Twin Peaks in Arizona, USA and Picacho
Salton in California, USA will be updated when we finish Phase 3
drilling, collecting, analyzing and integrating that data. Then we
expect to have a clear idea of the gold and silver ore body structures.
The drilling program planned for California is ready to go forward
pending final permitting and adequate financing.
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.
Copyright Business Wire 2009
2009-10-26 08:30:00
COMMENTS ( 0 )
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