NEW YORK, NY / ACCESSWIRE / June 8, 2015 / US Precious Metals, Inc. (OTCQB:USPR) announces that as of Monday, June 8, management has completed fifteen drill holes in its current drilling program which is underway on its property located in Michoacan, Mexico. The cumulative depth of these holes is approximately of 2500 meters. Significant mineralization has been identified in each of the cores drilled and a majority of cores are presently being assayed by an independent laboratory. Drilling operations continue on the property.
Mr David Burney, USPR's geologist stated, "I am very pleased with our current drilling program. We are seeing significant zones of mineralization with Bornite, Pyrite and Chalcopyrite clearly visible. This is indicative with what we have seen from our prior drilling campaigns and we are eagerly awaiting the assay results to confirm our observations."
A key focus of the current drilling program was to identify a geological continuity between the North Zone and the Main Zone of the property. The Company believes that this continuity has been clearly established and confirmed at this time. The Company expects that the current and subsequent campaigns also will lead to a much greater understanding of the property and ultimately a significant increase in reserves.
Prior to the commencement of drilling operations, the Company obtained the necessary drilling permits from the Secretariat of Environmental and Natural Resources of Mexico (SEMARNAT). SEMARNAT is charged with the mission of protecting, restoring and conserving the ecosystems, natural resources, assets, and environmental services of Mexico with the goal of fostering sustainable development.
USPR also has engaged the University of Michoacan, one of the leading Universities in Mexico, to conduct additional environmental studies which will enable USPR to extend their exploration area so as to allow the Company to prove out additional acreage.
Concurrent with drilling, infrastructure on the property continues to be improved, allowing the drill team timely access to all current and future drill sites.
In addition, as part of management's commitment to the local community, USPR has aided the village of el Zapote de Cuendeo by improving their local roads and upgrading local amenities.
Mr John Gildea, COO USPR, stated, "We are delighted with the progress taking place on our property at the moment. We have made huge strides in the last few months towards increasing the value of our concessions. Our team in Mexico has strengthened our links to the local communities as well as our relationships with both local and regional authorities. I would like to thank them for their support and also thank our team on the ground for their hard work. In summary, the initial indications from the drilling to date are extremely positive. We will continue to keep shareholders apprised of all future developments."
About USPR:
US Precious Metals, Inc. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. We focus 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
Contact:
Steve Chizzik
Investor relations
The Verrazano Group, LLC
+1(973) 232 5132
SOURCE: US Precious Metals, Inc.