A drill permit was provided to USCorp. (OTCBB: USCS) from the Bureau of Land Management as the company issued an updated statement concerning the Twin Peaks gold project in Yavapai County, Arizona. The company hopes to extract 3,500,000 ounces of gold this year from the inferred category to a greater definition under the NI 43-101 and U.S. SEC Industry Guide 7 standards. The company’s stock rose 35 percent during Monday’s trading.
The new drill program will include a majority of short holes and a few deep holes ranging from 10,000 and 12,000 feet. The Glory Hole area will be drilled to test extensions of mineralized areas to the west and north of Hayes. The company has already been in discussions with Boart Longyear, an internationally known drill service that has worked with the company previously. The Twin Peaks mining property is located 100 miles north of Phoenix, AZ.
“There is a strong belief that the mineralization continues from the Crosby and Swiss Belle to the Glory Hole and Hayes. The drilling is to prove and expand our resource base,” stated CEO and Chairman, Robert Dultz.
USCorp. is an exploration stage company that works through is subsidiaries, engaging in the acquisition and development of mineral properties. The Company is primarily focused on exploring for gold, silver, and other nonferrous metals in the United States.
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