US Precious Metals, Inc. (USPR) Reports Wide Intercepts of Mineralization in Holes 18-22
NEW YORK, NY / ACCESSWIRE / September 1, 2015 / U.S. Precious Metals, Inc. (OTCQB: USPR) announces that it has received additional assays from its 2015 drilling campaign. The assays for the five holes 18-22 continue to show high values of Gold, Silver and Copper with wide intercepts in multiple locations.
Of particular importance were Holes 21 and 22 which were drilled in the "Main Zone" 50m apart with the same 60 degree orientation. These holes were drilled to 273 meters and 182 meters respectively. Hole 21 showed grades up to 13.46g Au, 139.31g, Ag and 7.29% Cu, with Hole 22 showing grades up to 20.29g Au, 52.3g Ag and 1.48% Cu. The 7.5 meter intercept in Hole 21 and the 10.45 meter intercept in Hole 22 were at depths of 52 meters and 31 meters, respectively. The weighted average results of Au g/t in Hole 22 over 10.4 meters (or over 34 feet) represents our highest concentration of Au g/t in any our drilling program to date showing 6.75g/t.
Hole number 18 was drilled in the area known as "The Old Mine Zone" to a depth of 93 meters. The assays report high silver and copper and ore grade gold over a width 9.8 meters. The silver values showed a high of 204.61g with a copper value of 7.3%.
Hole 19 and 20 were drilled on the "Main Zone." Both of these drill holes hit high gold, silver and copper values which are in keeping with mineralogy of the area. Hole 19 grade highlights are 30.51g Au, 131.15g Ag and 3.32% Cu. Hole 20 grade highlights are 25.47g Au, 131.15g Ag and 6.2% Cu.
In the future, the Company will not only provide grade highlights from the various "Drill Holes," but will also provide grams per meter (g/m) as well as weighted averages where appropriate.
To view a complete table of available composited results for Holes 18 through 22, please click on the following link to the Company's website: http://www.usprgold.com/exploration/assays-2015-drill-campaign-results.
Dave Burney, the Company's Chief Geologist stated: "The recent assays continue to show significant amounts of high grade mineralization over wide intercepts. We continue to be excited by the results to date and they have confirmed my beliefs that we have a very exciting property on our hands."
US Precious Metals, Inc. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. The Company focuses on gold, silver and copper primarily located in the State of Michoacán, Mexico, owning exploration and exploitation concessions to approximately 37,000 contiguous acres of mineral rights, www.usprgold.com.
This press release may contain certain "forward-looking statements" relating to the business of U.S. Precious Metals, Inc. and its subsidiary. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the Company's short term business and operations, the general ability of the Company to achieve its commercial objectives, including the ability of the Company to sustain growth; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects", "intended" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Investment & Company Information
The Verrazano Group, LLC
+1(973) 232 5132