USPR Gold Stock News US Precious Metals Inc Announces Drill Hole 5 S

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TheMachine
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"The Company plans to begin the next phase of drilling before the end of the year. The new data generated by the drilling campaign has resulted in additional high profile drilling targets in the area south of the Main Zone. Additionally, the Cuendeo area, where mineralized boulders have been discovered in a wash, remains the highest priority for drilling. "

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	Posted Oct 10, 2010, 2:45 am

TheMachine
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Joined: Jul 16, 2025

Sep. 29, 2010 (Business Wire) -- U.S. Precious Metals, Inc. (OTC BB: USPR) (“USPR” or the “Company”)

Drill hole LS10-005 shows significant precious metals intercepts

Sheldon Baer, Chief Operating Officer announced today assay results from the 2010 drilling program on the Company’s Solidaridad project in the southern Michoacán province of Mexico. The assay results from ALS Chemex for drill hole #5 shows a zone of precious metals beneath an old shallow mine, where surface samples assayed high in gold values. This zone of precious metals lies south of the main zone. The table shows significant precious metals intercepts from drill hole #5 with complete results from the hole follow:

Sample
Recvd Wt. Au Ag Cu Depth
Description kg
g/t g/t % meters
LS10-005-19 2.44 4.01 9.8 0.257 199.5-201
LS10-005-21 2.08 9.35 30.9 0.685 210.8-212
LS10-005-22 2.16 50.2 183 3.82 212-213
LS10-005-23 1.62 2.22 6.9 0.33 213-214
LS10-005-33 2.46 18.05 39.5 1.42 230-231
LS10-005-34 1.74 3.23 10.1 0.155 236-237

The Company plans to begin the next phase of drilling before the end of the year. The new data generated by the drilling campaign has resulted in additional high profile drilling targets in the area south of the Main Zone. Additionally, the Cuendeo area, where mineralized boulders have been discovered in a wash, remains the highest priority for drilling.

All assay data reported here, as received from ALS Chemex:

WEI-21 Au-AA25 Au-GRA21 Ag-AA45 Ag-AA46 Cu-OG46
SAMPLE Recvd Wt. Au Au Ag Ag Cu Depths
DESCRIPTION kg g/t ppm g/t ppm % meters
LS10-005-01 1.18 0.03 <0.2 0.003 34.3-35
LS10-005-02 1.6 <0.01 <0.2 0.002 35-36
LS10-005-03 1.9 <0.01 <0.2 0.003 36-37
LS10-005-04 1.92 0.01 <0.2 0.004 37-38
LS10-005-05 1.38 <0.01 <0.2 0.004 38-39
LS10-005-06 1.9 <0.01 <0.2 0.002 39-40
LS10-005-07 1.34 0.01 <0.2 0.002 40-40.8
LS10-005-08 1.68 1.08 3.4 0.008 82-83
LS10-005-09 1.5 0.03 0.5 0.002 83-84
LS10-005-10 2.06 0.01 <0.2 0.005 132.5-133.5
LS10-005-11 1.74 0.03 <0.2 0.003 133.5-134.5
LS10-005-12 1.12 0.01 <0.2 0.004 134.5-135
LS10-005-13 1.76 0.01 0.3 0.003 187-188
LS10-005-14 1.88 0.41 5.5 0.145 190-191
LS10-005-15 1.86 0.22 2.5 0.056 191-192
LS10-005-16 1 <0.01 0.3 0.003 192-192.5
LS10-005-17 2.14 1.87 9.5 0.22 195-196
LS10-005-18 1.9 0.15 0.7 0.015 196-197
LS10-005-19 2.44 4.01 9.8 0.257 199.5-201
LS10-005-20 2.18 0.07 0.3 0.008 207.6-209
LS10-005-21 2.08 9.35 30.9 0.685 210.8-212
LS10-005-22 2.16 50.2 51.3 >100 183 3.82 212-213
LS10-005-23 1.62 2.22 6.9 0.33 213-214
LS10-005-24 1.68 0.12 1.3 0.03 215-216
LS10-005-25 1.8 1.42 4.7 0.11 216-217
LS10-005-26 1.78 0.13 0.6 0.023 218-219
LS10-005-27 1.7 0.03 <0.2 0.002 219-220
LS10-005-28 1.68 0.03 0.3 0.008 220-221
LS10-005-29 1.3 6.24 0.2 0.001 221-222
LS10-005-30 1.94 <0.01 <0.2 <0.001 222-223
LS10-005-31 1.58 0.02 <0.2 0.001 223.4-224
LS10-005-32 2.28 0.1 0.3 0.001 224.8-226
LS10-005-33 2.46 18.05 39.5 1.42 230-231
LS10-005-34 1.74 3.23 10.1 0.155 236-237
LS10-005-35 1.86 0.25 2 0.083 237-238
LS10-005-36 1.4 1.1 3.4 0.133 245-246
LS10-005-37 1.72 0.12 0.5 0.011 250-251
LS10-005-38 1.56 0.25 0.4 0.007 251-252
LS10-005-39 2.04 0.09 0.8 0.03 254-255
LS10-005-40 1.76 0.38 1.3 0.042 264-265
LS10-005-41 1.74 0.02 <0.2 0.003 271-272
LS10-005-42 1.76 3.58 22.8 0.244 275-276
LS10-005-43 1.08 0.08 0.2 0.004 277-277.5
LS10-005-44 1.76 0.17 <0.2 0.002 283-284

Dave Burney, Geo. the President, oversaw and supervised the exploration programs and Mr. Burney is the Managing Director for the Mexican subsidiary.

About U.S. Precious Metals, Inc.:

USPR is a precious metal exploration company headquartered in Lithia, 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 for the fiscal year ended May 31, 2010, filed with the U.S. Securities and Exchange Commission on September 14, 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

U.S. Precious Metals, Inc.

Jack Wagenti, 407-566-9310

Chairman of the Board

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, 2:26 am

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