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TheMachine 
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Post #411 from USPR Gold Stock News US Precious Metals Inc Announces Main Zone Expan at EquityGroups.
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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
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Mark Kabbash
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 Posted Oct 10, 2010, 2:43 am
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TheMachine
EquityGroups Member
Posts Created: 268
Comments Made: 77
Joined: Jul 16, 2025
Post #264 from USPR Gold Stock News US Precious Metals Inc Announces Main Zone Expan at EquityGroups.
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LAKE MARY, FL -- (Marketwire) -- 06/28/10 -- U.S. Precious Metals, Inc. (OTCBB: USPR) ("USPR" or the "Company") Chairman and Chief Executive officer, Michael Jack Kugler announced today that the Company has received final assay results on holes LS10-001 and LS10-002 at the La Sabila Project in southern Michoacán. The Company has completed a total of 8 drill holes in the current drilling campaign and is in the process of drilling hole LS10-009. Initial review of drill holes LS10-003 through LS10-008 show consistent mineralized intercepts but we will have more detailed information once we have received assay results for those holes. We also found that, LS10-005 intercepted significant mineralization at 211 meters and 231 meters, deeper than previously observed.
Results from hole LS10-001 show significant intercepts beginning at 16.6 meters (54 feet) with a grade of 14.4 gpt (0.42 opt) gold, 72.7 gpt (2.1 opt) silver and 1.74% copper. Drill hole LS 10-001 intercepted a total of 10.7 meters (see the Table below for the mineralized intercepts) grading 1.52 gpt (0.044 opt) gold, 36.1 gpt (1.05 opt) silver and 0 .744% copper. Drill hole LS10-002 intercepted mineralized material at 2.1 meters (7 feet) with a grade of 29.46 gpt (0.859 opt) gold, 42.6 gpt (1.24 opt) silver and 0.482% copper. LS10-002 intercepted a total of 8.7 meters of 5.42 gpt (0.158 opt) gold, 15.9 gpt (0.46 opt) silver and 0.344% copper. Both holes were drilled in the same location south of the Main Zone and within east-west trending quartz sulfide veins. The detailed results are shown below.
Weighted Average Grades
--------------------------
Drill From to Interval Au Ag Cu
Hole (m) (m) (m) gpt gpt %
-------- -------- -------- -------- --------------------------
LS10-001 16.6 18.1 1.5 14.4 72.7 1.74
LS10-001 28.8 29.9 1.1 0.91 28.4 0.739
LS10-001 34.8 36.4 1.6 0.21 132.2 2.3
LS10-001 41.5 42.7 1.2 0.04 14.5 0.556
LS10-001 43.5 44.1 0.6 0.5 28.3 0.372
LS10-001 57.1 60.1 3 0.04 17.7 0.279
LS10-001 63.4 65.1 1.7 0.18 92 1.98
LS10-002 2.1 3.6 1.5 29.46 42.6 0.482
LS10-002 54.3 56.7 2.4 2.07 11.4 0.447
LS10-002 60.4 62.2 1.8 1.92 24.1 0.512
LS10-002 69.2 70.7 1.5 10.8 46 1.2
LS10-002 74.1 75.6 1.5 2.96 14.4 0.353
LS10-002 76.8 79.2 2.4 2.71 18.6 0.254
LS10-002 87.2 88.4 1.2 1.7 7 0.336
Mr. Kugler said, "We have completed 4,000 meters of the planned 2010 10,000 meter drilling program. With continued success of the drilling we plan to extend the drilling program into 2011 with another 10,000 meters."
The drilling company is maintaining a drilling rate of 75 meters per day while USPR has expanded its campaign to include the construction of new roads and drilling pads, maintenance of existing roads, and construction of new drill sites. USPR is also continuing surface exploration. Dave Burney, President and Chief Geologist of USPR states that the Company "has identified and is investigating additional significant exposed oxidized quartz sulfide veins. Some of these veins contain solid runs of high grade mineralization. This find is consistent with our belief that the property has excellent potential." Mr. Burney also stated that the Company is in the process of completing its laboratory, which will enable it to complete on-site assay work on exploration samples and move forward on metallurgical testing in the core lab. Our independent assayer, ALS Chemex, will continue to assay our core samples.
Mike Floersch is the qualified person as defined by National Instrument 43-101 and supervised the preparation of the technical information in this release.
About U.S. Precious Metals, Inc.:
USPR is a mineral 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. 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, such factors, including risk factors, discussed in USPR 's Annual Report on Form 10-K for the fiscal year ended May 31, 2009, filed with the U.S. Securities and Exchange Commission on September 16, 2009. 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.
M. Jack Kugler
Chairman and Chief Executive Officer
(407) 566-9310
http://www.usprgold.com
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.........................
Mark Kabbash
CEO
Equitygroups.com
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Posted Oct 8, 2010, 5:38 pm
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