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Gold, Silver and Copper
U.S. Precious Metals Southern Extension of the Main Zone Continues to Intercept Gold, Silver and Copper
Oct. 8, 2010 (Business Wire) -- USPR, Inc. announced today additional assay results from the 2010 drilling program on the Company’s Solidaridad project in the southern Michoacán province of Mexico. The assay results from ALX Chemex for drill hole LS10-006, was drilled above LS10-005, at a 45° angle, to test precious metal continuity between drill hole LS10-005 and the surface. This zone of precious metal lies south of the main zone in an east-west linear trend. Drill holes LS10-001 through LS10-007 were drilled to test the subsurface for quartz sulfide veins for continuity between two locations where antiquated mining had been conducted, approximately 12 meters apart and located in a narrow valley between to low lying mountains. Assay results from drill hole LS10-005 indicated good gold, silver and copper values between 210.8 meters and 217 meters extending the depth of mineralization deeper than previous drilling has indicated.

The table below shows significant precious metal intercepts from drill hole LS10-006, subject to interpretation. All assay data reported here, as received from ALS Chemex:

Sample
Au Ag Cu Depth
Description g/t g/t % meters
LS10-006-01 7.88 61.5 1.815 6-7
LS10-006-02 19.55 83.2 1.455 8-8.5
LS10-006-04 2.26 26.9 0.813 12-13
LS10-006-10 7.93 40.5 1.35 18.5-19.5
LS10-006-21 3.35 49.9 0.53 33-33.65
LS10-006-24 1.85 21 0.308 43-44

The southern extension, still considered the Main Zone, is one of three precious metal zones that make up the northeasterly trending La Sabila deposit. MIM Exploration had drilled four R.C. holes within the southern extension in 1997 with no significant results further verifying that the mineralization defined thus far by USPR is consistently contained with the quartz stock work.

Cuendeo, about 1.5 kilometers southwest of the Main Zone remains a high priority drill target. All samples were taken from the wash below the mine workings and are believed to be from the workings. Ore microscopy analysis was completed at the University of Central Missouri.

During the 2010 drilling campaign a road was constructed between the Main Zone and Cuendeo providing a direct access to Cuendeo for the next phase of the drilling program.

The complete assay report from ALS Chemex, drill hole LS10-006, is shown below.

WEI-21 Au-AA25 Ag-AA45 Cu-OG46
SAMPLE Recvd Wt. Au Ag Cu Depths
DESCRIPTION kg g/t g/t % meters
LS10-006-01 1.93 7.88 61.5 1.815 6-7
LS10-006-02 0.8 19.55 83.2 1.455 8-8.5
LS10-006-03 1.66 0.5 5.2 0.106 11-12
LS10-006-04 1.78 2.26 26.9 0.813 12-13
LS10-006-05 1.79 1.41 6.5 0.139 13-14
LS10-006-06 1.89 0.11 4.3 0.108 14-15
LS10-006-07 1.72 0.26 1.5 0.051 15-16
LS10-006-08 1.78 1.13 2.1 0.059 16.5-17.5
LS10-006-09 1.96 2.4 17 0.6 17.5-18.5
LS10-006-10 2.02 7.93 40.5 1.35 18.5-19.5
LS10-006-11 1.5 0.02 0.3 0.006 20-21
LS10-006-12 1.51 0.01 0.3 0.003 21-22
LS10-006-13 1.66 0.03 0.5 0.014 22-23
LS10-006-14 0.99 0.01 0.7 0.016 23.5-24
LS10-006-15 1.05 0.02 1.5 0.031 24.5-25
LS10-006-16 1.84 0.02 1.2 0.009 25.5-26.5
LS10-006-17 1.81 0.1 3 0.095 28.5-29.5
LS10-006-18 1.82 0.41 4.3 0.114 30-31
LS10-006-19 1.89 0.61 7.4 0.113 31-32
LS10-006-20 1.81 1.25 5.8 0.06 32-33
LS10-006-21 1.72 3.35 49.9 0.53 33-33.65
LS10-006-22 1.03 0.21 3.8 0.108 41.5-42
LS10-006-23 1.8 0.38 4.1 0.047 42-43
LS10-006-24 2.36 1.85 21 0.308 43-44
LS10-006-25 0.99 0.03 1.3 0.008 59.35-60
LS10-006-26 2.13 0.01 0.4 0.003 60-61
LS10-006-27 1.73 0.02 0.6 0.009 61-62

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

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	Posted Oct 11, 2010, 9:59 pm

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