LAS VEGAS--(BUSINESS WIRE)--USCorp (OTCBB:USCS) (Berlin:UCP.BER) is pleased to announce results from
testing at the Picacho Gold Property. This USCorp property is located in
the Salton trough area of Southern California, between the Chocolate
Mountains and the Cargo Muchachos mountain range. The firm of Geological
Support Services was retained to complete a Geological report on the
Picacho Gold Property for USCorp. This report which has been recently
completed, was headed by Dr. Robert Cameron, Ph.D.
Some of the findings in this report indicate that, Gold bearing
alluviums on the property vary between 100’ to
400’ in thickness. Calculating for 100’
thickness, Geological Support Services has given a reserve estimate of
at least 423,338,666 TONS. Sampling of the property has indicated an
average ore grade of .035 oz/ton, with higher numbers in selected hot
spots. The gold in this deposit is “free”
or not entrained in rock. Gravity separation should recover at least 85%
of the heavy values.
This report stated that, if the Picacho gold Property were mined to a
depth of 100’ and using an 85% recovery rate,
there is potentially 12,594,325 ounces of GOLD with a value of
$7,556,595,200 when pricing gold at $600 per ounce.
Mr. Robert Dultz, Chairman and CEO of USCorp comments, “The
findings of the Geological Support Services report that include these
indications are both very gratifying and a strong endorsement for USCorp
to grow and expand. We expect to move forward on the Picacho Gold
Property in an expedient manner. USCorp is very confident that the
Picacho gold Property has significant value and should be developed
fully.”
Forward-Looking Statements
Statements contained in this release that are not historical facts are
forward-looking statements that involve risks and uncertainties. Among
the important factors which could cause actual results to differ
materially from those in the forward-looking statements include, but are
not limited to, those discussed in "Risk Factors" in the company's Forms
10-KSB, Forms 10-QSB, 8-K and other filings with the U.S. Securities and
Exchange Commission. The actual results that the company achieves may
differ materially from any forward-looking statements due to such risks
and uncertainties. We undertake no obligation to revise or update
publicly any forward-looking statements for any reason.
