Printer Friendly
The Free Library
14,557,981 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

U.S. Precious Metals Acquires Significant Gold Exploration Properties.


WANTAGE, N.J. -- U.S. Precious Metals Precious Metals

Valuable metals such as gold, iridium, palladium, platinum, and silver.

Notes:
Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal.
 Inc. (USPR-OTCBB) has previously announced significant gold mineralization Mineralization
The process by which the body uses minerals to build bone structure.

Mentioned in: Rickets

mineralization,
n the bioprecipitation of an inorganic substance.
 on its wholly-owned 3,703 hectare Solidaridad project in the state of Michoacan, Mexico.

In the month of February USPR's wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 U.S. Precious Metals de Mexico claimed a gold mine Concession Lot named "La Sabila"(surface of 12,987 hectare) that surrounds Solidaridad in order to protect the future exploration and exploitation of the Solidaridad gold mines. Now brings the total to 16,690 hectare. One hectare equals 2.47 acres.

U.S. Precious Metals de Mexico, as previously announced acquired an option on 300 hectare in the State of Sonora, the following gold mine concessions are Tajitos Cluster. La Abuncancia, La Abuncancia dos, La Abuncancia tres, La Abuncancia cuatro cuat·ro  
n. pl. cuat·ros
A small guitarlike instrument of Latin America, usually having four or five pairs of strings.



[Spanish, from Latin quattuor, four; see quatrain.]
, Cuatro Hermanos and El Oro
  • El Oro Province, Ecuador
  • El Oro (municipality), Mexico State, Mexico
  • El Oro de Hidalgo
  • El Oro Mine
 Dos, subject to the exploration program results that the Company will implement. In April an agreement has been signed for 615 hectares in the State of Michoacan, known as the Ampliacion El Carmen There are many toponyms called Carmen or El Carmen. See also Carmen (disambiguation).
  • Argentina
  • El Carmen, Jujuy, capital of El Carmen Department, Jujuy Province,
  • Chile
 y La Zmorana gold mine Cluster. El Carmen, La Zamorana Fr. 1 and La Zamorana Fr. 2.

Peter Toscano, Chairman of the Board of U.S. Precious Metals, Inc., stated "U.S. Precious Metals de Mexico is in negotiations right now for additional gold mining properties totaling 7,055 hectare and USPR USPR Unidirectional Path Switched Ring (SONET)  will continue thru its wholly owned subsidiary to selectively pursue gold mineral properties throughout Mexico."

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Act Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward- looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 19, 2006
Words:376
Previous Article:Aethlon Medical Completes Human Safety Study.
Next Article:The Bancorp, Inc. to Host Webcast to Discuss First Quarter 2006 Results.
Topics:



Related Articles
Minefinders to Purchase Echo Bay Option on Dolores Project.
Golden Phoenix Announces Corporate Status Update.
Golden Phoenix Minerals Signs Letter of Intent with Camnor Resources for Alaskan Properties.
CORRECTING and REPLACING Ticker Symbol in NovaGold Resources Press Release Issued March 25, 2004.
Haynes Capital Corp. Hosts Open Meeting with Paramount Gold Geologist Bill Reed.
HuntMountain Resources Signs Letter of Intent to Acquire Nevada Gold Project.
HuntMountain Resources Acquires Prospective Gold Properties in Argentina.
Paramount Gold Acquires 100,000 Hectares Concession in Prolific Sierra Madre Gold-Silver Belt, Between the Guazapares and El Sauzel Mining Districts...
Reese Corp. Acquires 100% Interest in Minera Jeronimo with Their 14,300 Hectares, El Tiliche Gold Project.
Paramount Gold to Acquire an 80% Interest in over 6,000 Hectares Surrounding Their San Miguel Project in Mexico.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles