USPR Gold Stock News US Precious Metals Inc Announces Drilling Assay

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TheMachine
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Assay's From Wikipedia " A metallurgical assay is a compositional analysis of an ore, metal, or alloy.

Some assay methods are suitable for raw materials; others are more appropriate for finished goods. Raw precious metals (bullion) are assayed by an assay office. Silver is assayed by titration, gold by cupellation and platinum by inductively coupled plasma optical emission spectrometry (ICP OES).[1][2]

Precious metal items of art or jewelry are frequently hallmarked (depending upon the requirements of the laws of either the place of manufacture or the place of import). Where required to be hallmarked, semi-finished precious metal items of art or jewelry pass through the official testing channels where they are analyzed or assayed for precious metal content. While different nations permit a variety of legally acceptable finenesses, the assayer is actually testing to determine that the fineness of the product conforms with the statement or claim of fineness that the maker has claimed (usually by stamping a number such as 750 for 18k gold) on the item. In the past the assay was conducted by using the touchstone method but currently (most often) it is done using X-ray Fluorescence (XRF). XRF is used because this method is more exacting than the touchstone test. The most exact method of assay is known as fire assay or cupellation. This method is better suited for the assay of bullion and gold stocks rather than works or art or jewelry because it is a completely destructive method"

http://en.wikipedia.org/wiki/Metallurgical_assay

......................... Mark Kabbash CEO Equitygroups.com Your Investor Social Network Please check the disclaimers within this site. Any suggestions or comments? Please send them to me.
	Posted Oct 10, 2010, 2:34 am Last edited Oct 10, 2010, 2:40 am by TheMachine

TheMachine
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Joined: Jul 16, 2025

US Precious Metals, Inc. Announces Drilling Assay

LAKE MARY, FL, Aug. 25, 2010 (Marketwire) --

LAKE MARY, FL -- (Marketwire) -- 08/25/10 -- U.S. Precious Metals, Inc. (OTCBB: USPR) ("USPR" or the "Company") USPR announced today the drilling campaign on the La Sabila concessions in Michoacán continue; eleven holes were drilled to define potentially mineable areas and to explore other areas within the concession boundaries for potential precious metals.

Included in this press release are the assay results for drill holes one through four. Both gold and silver are shown in grams per ton and copper disclosed in percent. Drill holes one through six were drilled south of the main zone to define and explore a vein that had been previously mined years ago using old fashioned mining methods. Drill hole LS10-005 unexpectedly intersected 2 meters of high grade precious metals about 225 meters below the surface. Drill holes seven through eleven targeted other areas based on characteristics. Hole LS10-011 drilled near the northern edge of the main zone between the north and the main zones was encouraging with precious metals occurring in frequent and continuous intercepts within a 20 meter section. Further information regarding the assay results for drill hole 11 will be provided upon completion of the logging, sampling and assaying process.

Intercore, the drilling contractor based in Guadalajara, provided superior drilling services to USPR with an average production rate of 75 meters of core per day. The core was transported four days per week by USPR staff to the Morelia core lab for processing. Sheldon Baer, Chief Operations Officer, said today that the core is being processed as quickly as possible and the continued effort by all the employees of the Mexican subsidiary has been a credit to the drilling campaign. Core samples are being shipped to ALS Chemex, Guadalajara for grinding and pulverizing and then shipped to Canada to their Lab for assaying. The turnaround time has been about 14 days.

Road repair and construction were ongoing during the drilling campaign. A new road was constructed to USPR's high profile drilling target, the Cuendeo prospect, about 2 kilometers south of the main zone. This was done to access Cuendeo from the main zone without using the public access road. Field reconnaissance had identified additional quartz sulfide veins between the two zones thus the new road has provided access for additional drill targets.

In other USPR news the reorganization of the management team is in progress. Mr. Baer also said today that the strategy by the Board of Directors was to appoint board members with mining experience and to employ additional technical staff in the assessment and evaluation of the La Sabila concessions. In addition, the concession area is large and difficult to access. Consequently the new technical staff will be completing grassroots exploration within the remote areas of the concessions.

All assay data reported here, as received from ALS Chemex

SAMPLE Recvd Wt. Au Cu Ag Ag
DESCRIPTION kg gpt % gpt gpt
LS10-001-1 0.62 0.38 0.102 2.2
LS10-001-2 0.8 0.73 0.071 0.7
LS10-001-3 1 0.14 0.065 1.2
LS10-001-4 1.18 1.28 0.098 3.4
LS10-001-5 1.14 11.85 1.36 52
LS10-001-5A 0.98 4.01 0.768 18.4
LS10-001-6 1.46 5.68 1.75 46.6
LS10-001-7 1.2 33.8 2.46 > 100 150
LS10-001-8 0.92 0.34 0.469 14.2
LS10-001-9 1.5 1.36 0.955 39.7
LS10-001-10 1.34 0.05 0.053 1.9
LS10-001-10A 1.42 0.03 0.01 0.7
LS10-001-11 1.4 0.03 0.002 2.9
LS10-001-12 1.6 0.07 0.164 22
LS10-001-13 1.48 0.1 1.165 69.4
LS10-001-14 1.46 0.24 4.77 > 100 254
LS10-001-15 0.96 0.24 0.579 58.8
LS10-001-15A 0.8 0.41 0.447 47.3
LS10-001-16 1.4 0.03 0.109 8.9
LS10-001-17 1.9 0.02 0.009 1
LS10-001-17B 0.46 0.01 0.003 1.1
LS10-001-18 1.26 0.01 0.127 3.8
LS10-001-19 1.7 0.04 0.913 23.7
LS10-001-20 1.5 0.06 0.253 6.9
LS10-001-20A 1.2 0.02 0.143 3.5
LS10-001-21 1.2 0.03 0.248 14.2
LS10-001-22 1.24 0.96 0.496 42.4
LS10-001-23 0.64 0.04 0.002 2.6
LS10-001-24 1.22 0.01 0.182 5.8
LS10-001-25 1.24 0.02 0.005 0.5
LS10-001-26 1.22 0.14 0.5 17.4
LS10-001-27 1.28 0.17 3.68 > 100 159
LS10-001-28 1.38 0.01 0.155 5.3
LS10-001-29 1.34 0.09 0.676 43.3
LS10-001-30 0.9 0.07 0.063 12.2
LS10-001-31 1.06 0.02 0.301 15.8
LS10-001-32 1.12 0.01 0.117 4.8
LS10-001-33 1.08 0.01 0.161 8.6
LS10-001-34 1.2 0.01 0.014 0.8
LS10-001-35 1.2 0.02 0.142 6.1
LS10-001-36 0.96 < 0.01 0.165 5
LS10-001-37 1.12 0.01 0.114 4.2
LS10-001-38 1.02 0.01 0.001 0.2
LS10-001-39 1.18 0.17 3.49 > 100 169
LS10-001-40 0.96 0.03 0.612 29.6
LS10-001-41 0.84 0.39 1.78 72.7
LS10-001-42 0.82 0.13 0.12 9.5
LS10-001-43 1.24 0.15 0.09 8.5
LS10-001-44 0.94 0.05 0.082 2.9
LS10-001-45 1.34 0.04 0.075 2.6
LS10-002-01 0.64 7.38 0.645 49.5
LS10-002-02 0.9 66.5 0.349 64.5
LS10-002-03 0.94 3.46 0.534 17.2
LS10-002-04 0.7 0.03 0.021 0.6
LS10-002-05 1.46 0.1 0.007 0.4
LS10-002-06 1.12 0.16 0.005 2.1
LS10-002-07 1.34 0.1 0.003 1.7
LS10-002-08 1.14 0.33 0.104 15.1
LS10-002-09 1.3 0.14 0.034 3.8
LS10-002-10 1.1 0.87 0.039 13.2
LS10-002-11 0.84 0.02 0.009 0.6
LS10-002-12 1.28 0.08 0.114 3.6
LS10-002-13 0.84 0.02 0.004 0.5
LS10-002-14 0.5 0.02 0.074 1
LS10-002-15 0.88 0.79 0.279 4.7
LS10-002-16 1.22 0.16 0.156 3.5
LS10-002-17 1.18 0.35 0.17 3.7
LS10-002-18 2.14 1.02 0.244 7.8
LS10-002-19 1.04 4.22 0.876 14.8
LS10-002-20 1.32 0.98 0.221 11.6
LS10-002-21 1.32 0.27 0.038 2.9
LS10-002-22 1.34 0.1 0.07 1.5
LS10-002-23 0.78 < 0.01 0.001 0.3
LS10-002-24 0.88 0.01 0.171 5.1
LS10-002-25 1.08 1.08 0.376 22.4
LS10-002-26 1.18 4.67 0.99 44.9
LS10-002-27 0.7 37 4.37 > 100 158
LS10-002-28 1.02 6.54 0.616 27
LS10-002-29 1.02 0.97 0.094 4.8
LS10-002-30 0.56 1 0.288 12.3
LS10-002-31 1.54 0.11 0.075 5.4
LS10-002-32 1.32 6.8 0.663 24.4
LS10-002-33 1.42 0.18 0.133 3.5
LS10-002-34 1.24 5.25 0.464 18.8
LS10-002-35 1.28 5.22 1.55 49.1
LS10-002-36 1.32 0.17 0.099 3.6
LS10-002-37 1.2 0.23 0.01 0.5
LS10-002-38 1.18 0.09 0.02 0.7
LS10-002-39 1.12 1.5 0.378 7.3
LS10-002-40 1.04 1.89 0.293 6.7
LS10-002-41 1.38 0.01 0.002 0.4
LS10-002-42 1.08 1.11 0.06 8.2
LS10-002-43 0.88 0.16 0.029 0.9
LS10-002-44 1.14 0.05 0.121 2.8
LS10-002-45 1.02 0.02 0.036 0.7
LS10-002-46 0.96 0.01 0.03 0.9
LS10-002-47 0.86 0.2 1.275 33.8
LS10-002-48 1.14 0.02 0.006 0.3
LS10-002-49 1.38 1.43 3.58 > 100 114
LS10-002-50 1.2 0.25 0.015 0.4
LS10-002-51 1.14 < 0.01 0.036 1.5
LS10-002-52 1.2 0.02 0.012 0.5
LS10-002-53 1.34 0.01 0.003 0.7
LS10-002-54 1.42 0.06 0.002 0.7
LS10-002-55 0.86 0.06 0.004 0.9
LS10-002-56 0.98 0.01 0.005 0.6
LS10-002-57 1.02 0.02 0.004 0.7
LS10-002-58 1.3 0.2 0.006 2.1
LS10-002-59 0.84 0.02 0.001 0.8
LS10-002-60 1.2 0.05 < 0.001 1.6
LS10-002-61 1.12 0.05 0.002 4.8
LS10-002-62 1.54 0.04 0.003 0.8
LS10-002-63 1.42 0.11 0.003 0.8
LS10-002-64 0.98 0.08 0.005 1
LS10-002-65 1.54 0.03 0.004 0.2
LS10-002-66 1.78 0.03 0.003 0.7
LS10-002-67 1.3 0.29 0.076 5.1
LS10-002-68 1.48 0.25 0.303 6.4
LS10-002-69 1.2 0.08 0.08 2.6
LS10-002-70 1.28 0.05 0.002 < 0.2
LS10-002-71 1.52 0.17 0.006 0.6
LS10-002-72 1.54 0.05 0.002 1
LS10-002-73 1.48 0.14 0.005 1.4
LS10-03-1 0.38 3.79 1.405 37.4
LS10-03-2 1.14 0.07 0.013 0.7
LS10-03-3 1.1 0.05 0.002 0.8
LS10-03-4 1.18 0.31 0.763 52.2
LS10-03-5 0.4 0.13 0.027 3.5
LS10-03-6 0.98 0.04 0.074 3.1
LS10-03-7 1.46 0.26 0.064 2.3
LS10-03-8 1.3 0.09 0.029 1.2
LS10-03-9 0.98 0.14 0.05 12.2
LS10-03-10 1.48 0.35 0.192 19.3
LS10-03-11 1.06 0.31 0.124 2.9
LS10-03-12 1.12 0.13 0.332 11.8
LS10-03-13 1.1 3.39 1.735 > 100 140
LS10-03-14 1.2 0.43 0.522 26.2
LS10-03-15 1.14 1.59 0.602 32.5
LS10-03-16 1.38 1.27 0.264 18.8
LS10-03-17 1.04 0.39 0.165 6.7
LS10-03-18 1.08 3.89 1.4 82.9
LS10-03-19 1.24 2.14 1.465 70.1
LS10-03-20 1.16 0.11 0.06 2
LS10-03-21 1.2 2.09 1.3 44.1
LS10-03-22 1.34 0.14 0.772 25.2
LS10-03-23 1.1 2.59 1.12 > 100 112
LS10-03-24 1.12 0.1 0.188 9.8
LS10-03-25 1.04 1.32 2.73 > 100 108
LS10-03-26 1.02 0.22 0.089 6.7
LS10-03-27 1.04 0.05 0.049 3.6
LS10-03-28 1.1 0.11 0.091 11.5
LS10-03-29 1.28 0.08 0.136 2.6
LS10-03-30 1.18 0.03 0.009 0.6
LS10-03-31 0.94 0.14 0.278 5.5
LS10-03-32 0.46 0.06 0.049 1.9
LS10-03-33 1.2 < 0.01 0.005 0.2
LS10-03-34 1.24 0.04 0.001 18
LS10-03-35 0.98 0.38 2.58 > 100 126
LS10-03-36 1.1 0.1 0.355 26.8
LS10-03-37 0.86 0.01 0.006 0.3
LS10-03-38 0.86 0.01 0.005 0.5
LS10-03-39 1.4 0.04 0.401 24.4
LS10-03-40 1.06 0.63 1.285 35.8
LS10-03-41 1 0.01 0.052 5.2
LS10-03-42 1.34 0.4 0.456 19.4
LS10-03-43 0.76 0.01 0.008 0.6
LS10-03-44 1.2 < 0.01 < 0.001 < 0.2
LS10-03-45 0.6 0.03 0.013 0.5
LS10-03-46 1.32 0.18 0.145 7.7
LS10-03-47 1.14 0.13 2.05 > 100 214
LS10-03-48 0.92 0.02 0.094 4.7
LS10-03-49 1.08 0.01 0.004 1.5
LS10-03-50 1.08 0.03 0.012 0.6
LS10-03-51 1.28 0.02 0.022 2.8
LS10-03-52 1.1 0.07 0.762 58
LS10-03-53 1.36 0.06 0.737 63.9
SAMPLE Recvd Wt. Au Ag Ag Cu
DESCRIPTION kg gpt gpt gpt %
LS10-004-1 0.52 0.23 3.9 0.173
LS10-004-2 0.58 0.55 7.3 0.263
LS10-004-3 0.9 0.92 9.1 0.145
LS10-004-4 0.66 0.51 2.1 0.028
LS10-004-5 0.76 1.93 3.6 0.072
LS10-004-6 0.94 1.59 8.4 0.217
LS10-004-7 0.96 0.01 0.4 0.003
LS10-004-8 0.88 0.03 1.1 0.049
LS10-004-9 1 0.07 0.6 0.015
LS10-004-10 1.02 3.99 27.5 0.784
LS10-004-11 1.3 36.4 > 100 208 6.73
LS10-004-12 1.18 10.45 83.8 2.21
LS10-004-13 1.2 0.58 5.7 0.146
LS10-004-14 1.24 6.98 27.9 1.245
LS10-004-15 1.32 2.51 34.5 1.215
LS10-004-16 1.42 5.76 28.6 1.02
LS10-004-17 1.22 0.11 1.4 0.03
LS10-004-18 1.02 8.41 16.8 0.909
LS10-004-19 1.22 0.01 < 0.2 0.005
LS10-004-20 1.02 0.01 0.8 0.035
LS10-004-21 1.08 0.01 0.4 0.018
LS10-004-22 1.34 0.09 8.7 0.223
LS10-004-23 1.2 0.02 3 0.115
LS10-004-24 1.32 0.01 0.8 0.02
LS10-004-25 1.28 0.35 5.2 0.095
LS10-004-26 1.04 0.22 12.8 0.182
LS10-004-27 1.4 1.22 21.3 0.525
LS10-004-28 1.3 1.32 35.1 1.36
LS10-004-29 0.98 0.03 5.1 0.04
LS10-004-30 1.2 0.82 10.1 0.294
LS10-004-31 1.28 0.05 1.6 0.046
LS10-004-32 1.2 0.01 0.8 0.006
LS10-004-33 1 0.07 0.4 0.001
LS10-004-34 1.1 0.01 0.3 0.002
LS10-004-35 1.1 0.05 0.9 0.017
LS10-004-36 1.2 0.03 1.7 0.025
LS10-004-37 1.16 0.04 2.6 0.023
LS10-004-38 1.22 0.01 0.3 0.004
<
LS10-004-39 1.2 0.01 0.2 0.001
LS10-004-40 1.22 0.07 0.2 0.011
LS10-004-41 1.12 0.02 0.9 0.031
LS10-004-42 0.98 0.01 0.4 0.003
LS10-004-43 1.08 < 0.01 0.6 0.017
LS10-004-44 1.3 0.09 7.1 0.237
LS10-004-45 1.2 0.07 1.8 0.006
LS10-004-46 1.08 0.09 5 0.023
LS10-004-47 1.3 < 0.01 2.8 0.022
LS10-004-48 1.22 < 0.01 0.3 0.013
LS10-004-49 1.22 0.01 1.1 0.009
LS10-004-50 1.26 0.11 0.8 0.023
SAMPLE Recvd Wt. Au Cu Ag Ag
DESCRIPTION kg gpt % gpt gpt
LS10-004-51 1.24 0.36 0.127 7
LS10-004-52 1.24 0.03 0.013 0.7
LS10-004-53 1.04 0.05 0.021 1
LS10-004-54 1.18 5.97 1.41 57.9
LS10-004-55 1.4 0.82 0.132 6.7
LS10-004-56 1.14 < 0.01 0.003 0.3
LS10-004-57 1.1 0.23 0.086 3.9
LS10-004-58 1.24 < 0.01 0.007 0.3
LS10-004-59 1.24 < 0.01 0.003 1
LS10-004-60 1.18 0.02 0.019 2.7
LS10-004-61 1.24 < 0.01 0.006 1.6
LS10-004-62 1.18 < 0.01 0.007 1.4
LS10-004-63 1.02 < 0.01 0.007 0.6
LS10-004-64 1.1 < 0.01 0.002 0.3
LS10-004-65 1.14 < 0.01 0.001 0.2
LS10-004-66 1.22 < 0.01 0.029 2.3
LS10-004-67 1.02 < 0.01 0.023 0.9
LS10-004-68 0.82 < 0.01 < 0.001 < 0.2
LS10-004-69 1.04 < 0.01 0.001 0.2
LS10-004-70 1.1 < 0.01 0.057 1.8
LS10-004-71 1.14 0.23 0.076 2.7
LS10-004-72 1.12 7.56 0.757 27.8
LS10-004-73 1.08 0.76 0.117 4.1
LS10-004-74 1.34 0.58 0.108 6.6
LS10-004-75 1.08 0.69 0.012 1.4
LS10-004-76 1.08 < 0.01 0.001 0.3
LS10-004-77 1.24 < 0.01 0.002 0.2
LS10-004-78 1.14 0.24 0.759 33.1
LS10-004-79 1.2 0.61 1.68 52
LS10-004-80 1.32 2.07 0.166 9.6
LS10-004-81 1.28 1.49 0.245 14.1
LS10-004-82 1.12 13.15 2.71 > 100 158
LS10-004-83 1.14 0.06 0.038 5.5
LS10-004-84 1.18 < 0.01 0.029 2.2
LS10-004-85 1.2 0.03 0.026 1.1
LS10-004-86 1.24 0.21 0.001 1

Dave Burney, Geo. the President, is the Qualified Person who oversaw and supervised the exploration programs.

About U.S. Precious Metals, Inc.:
USPR is a precious metal exploration company headquartered in Lake Mary, Florida and operating in Mexico through its Mexican subsidiary, U.S. Precious Metals de Mexico, S.A. de C.V. USPR owns significant exploration and exploitation rights to approximately 37,000 acres of land in Michoacan, Mexico. USPR's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."

Statements contained herein that are not based upon current or historical fact are forward-looking statements. Such forward-looking statements relate to future events and future operating results, performance, prospects and opportunities. The use of terms such as "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to USPR, or its management, identify forward-looking statements. These forward-looking statements are based on information currently available to USPR and USPR's current plans, intentions and expectations and include statements regarding the potential of the Mexican concessions. Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause USPR's actual results, performance, prospects and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our ability to raise the funding necessary to retain the professionals necessary to execute our plan and the other factors, including risk factors, discussed in ours Annual Report on Form 10-K/A for the fiscal year ended May 31, 2009, filed with the U.S. Securities and Exchange Commission on September 16, 2025 as well as the quarterly 10-Q Reports filed during the last three quarters of fiscal year 2010. Except as required by the Federal securities law, USPR does not undertake any obligation to revise or update any forward-looking statements contained herein after the date hereof.

CONTACT:
U.S. Precious Metals, Inc.
Jack Wagenti
Chairman of the Board
(407) 566-9310
http://www.usprgold.com

......................... Mark Kabbash CEO Equitygroups.com Your Investor Social Network Please check the disclaimers within this site. Any suggestions or comments? Please send them to me.
	Posted Oct 10, 2010, 2:25 am

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