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
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. |
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