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USCorp Says Pincock Allen & Holt Report Technical Observations Conclude There is Significant Upside Potential at Twin Peaks Property

07/18/2011 | USCorp

LAS VEGAS--(BUSINESS WIRE)-- USCorp (OTCMarkets: USCS) today announced that in its initial report to Arizona Gold Corporation (AGC), earlier this year, Pincock Allen & Holt confirmed that “the Twin Peaks Property has definite upside potential, that a potential five million tons, or more of resources reside in three lengthy quartz vein structures, including two discovered during PAH’s site visit and that other gold and silver mineralization also occurs at fault intersections and in known historical workings on the property.”

The report, which was prepared following a visit by geologists to the site and extensive review of the Arizona Land Mines historical data on the Twin Peaks project, strongly recommended the staking of the recently announced additional claims, where several new quartz veins were discovered during the PAH visit. The report also recommended a 13,000 foot drilling program to test the five significant areas of potential mineralization and vein structures.

Additionally, surface grab samples in the area provided assay results that were “exceptionally exciting and confirmed our original expectations for the area,” said Robert Dultz, Chairman and CEO of USCorp. “In a grab assay situation, one would be very happy if 20% of the samples showed the presence of gold and silver. Assay results from samples taken over a period of several weeks this spring and prepared by highly respected Jacobs Assay Office, established in 1880, indicated that of the 105 samples 48 of them or 45.7% showed the presence of gold above 0.10 per ounce ton and/or silver above 0.25 per ounce per ton. “These assay results confirm that the Twin Peaks Property is everything that I always believed it to be,” Dultz said. Some selected examples of these assays include:

AU oz/t
AG oz/t
QDER .010 17.95
PIC .002 .45
SDW2 1.152 1.05
WASSAMI* .736 23.35
BSOC1 .902 53.00
WENCRBS (duplicate) .380 .40
WCQZ .599 .25

*taken from sand/gravel at base of dike

The above assays are primarily those taken from the new claim area recommended by Pincock Allen & Holt and secured by the Company.

The Twin Peaks property lies seven miles southwest of Bagdad, Arizona, which is the site of one of Freeport McMoRan’s large porphyry copper mines. The property sits northwest of the Santa Maria River, and east of State Highway 93 between Highway 96 and 97. Records indicate that precious metals have historically been found at the properties including the Hayes silver Mine, the Crosby Mine, and the Glory Hole Mine. Mining was curtailed during World War II. In the early 1980s as a result of the rising gold prices, a flurry of exploration activity with some drilling occurred. USCorp acquired USMetals in 2002. At that time USMetals owned 134 of the claims that make up the Twin Peaks Project. From 1979 through 2008 several exploration programs have been conducted in the area. Today the Twin Peaks Project consists of 276 claims over 5,520 acres in Yavapai County, Arizona.

About USCorp

USCorp also has the gold Picacho Salton project located in Imperial County, California.

Information about USCorp can be found at the company’s website:


“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 events.


Robert Dultz
Chairman and CEO
Martin E. Janis & Company, Inc.
Beverly Jedynak, 312-943-1123
Constellation Asset Advisors, Inc.
Jens Dalsgaard, 415-524-8500

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