Message #11 From:
NewsBot Date: November 1, 2006 06:00:00 AM
USCS News USCorp Acquires the Picacho Salton Gold Mining Property
LAS VEGAS--(BUSINESS WIRE)--USCorp (OTCBB:USCS) (Berlin:UCP.BER) is pleased to announce the
acquisition of the Picacho Salton Mining Property. Situated on 1,280
acres covering 64 mining claims of precious metal properties and located
in the Mesquite Mining District of Imperial County, California, some of
the Picacho Salton property has common borders to USCorp’s
Picacho Gold Property. USCorp now has three major properties that have
historically produced Gold and other precious metals. USCorp gold
properties now total 7,620 acres.
Picacho Gold Property
- Imperial County, California -
3,520 acres
Picacho Salton Property
- Imperial County, California -
1,280 acres
Twin Peaks Property
- Yavapai County, Arizona -
2,820 acres
While new property acquisition will always be part of USCorp’s
business model, with the completion of the Picacho Salton Property,
USCorp’s initial business strategy has reached
a level where both mineral productions by USCorp alone or joint venture
partnerships with larger mining companies can be initiated on an
expedient basis.
Mr. Robert Dultz, Chairman and CEO of USCorp comments, "USCorp has
completed significant property acquisitions. All acquired properties
have been historical producers. If a full sized 18 hole golf course is
200 acres in size, then USCorp properties are equivalent to 38 golf
courses. USCorp management believes that it has acquired significant and
valuable properties, each is capable of becoming a world-class mining
operation.”
Mr. Dultz continues, “USCorp has reached a
level where property development is of critical importance. We expect to
move forward on all USCorp properties in an expedient manner. Whether
each property is developed individually by USCorp, developed through a
joint venture with an established major mining company, or through a
combination of both.
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.