USCorp Completes First Step in Phase 4 Exploration at Twin Peaks Project
LAS VEGAS--(BUSINESS WIRE)-- USCorp (OTCMarkets: USCS) today announced that it has completed the first step of its fourth phase of exploratory drilling at its Twin Peaks property in Yavapai County, Arizona. The drilling program is one that USCorp management believes will give us the results necessary for permitting the mine for production.
The project includes three principal stages: the completion of a digital geological map that serves as the basic reference tool and is absolutely essential for all mineral exploration and mining projects; the geophysical surveys that reveal subsurface anomalies including quartz veins, intrusive structures, structural rock density deviations, fault systems, structural shearing and dense ore bodies as targets; and the drilling by reverse circulation and core, including drilling at depths of 750 to 1,000 feet.
"The initial phase of this drilling program, our mapping activity, has already allowed us to find two different types of rock samples that have visible gold, and we know the exact locations," said Robert Dultz, Chairman and CEO of USCorp. "I recognize that our efforts at the Twin Peaks property have been ongoing for quite some time, but we are hopeful and very optimistic that this program will bring about the results that we and our shareholders have long anticipated since the program calls for far deeper drilling than we have previously completed."
Dultz added that the supervising geologist for this final phase 4 exploration at Twin Peaks is Edwin Arbar, Managing Partner of Quantum GeoConsultants Group LLC. He is a well-respected geologist with extensive senior management experience with several divisions of Fluor Corporation. Holding a bachelor's degree in BioScience, GeoScience from Western Colorado State University, he also holds a master's certificate in Mining Engineering & Development from the University of Concepcion in Chile. He is a member of the GSA (Geological Society of America); SME (Society for Mining, Metallurgy & Exploration); TriBeta Honor Society; American Institute of Mining, Metallurgy & Petroleum; ISMSP (International Society of Mine Safety Professionals); AIA (Archaeological Institute of America); GIA (Gemological Institute of America alumni); and SGG (Sociedad de Geologia y Geofisica) of Chile.
The Phase 4 Exploration Project is expected to continue during the first half of 2013 and be completed by June 2013. Results should be available shortly thereafter.
USCorp is an exploration stage company with gold and silver projects in Arizona and California. Information about USCorp can be found at the company's website: http://uscorpgold.com.
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 results.
KEYWORDS: United States North America Arizona
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