U.S. Precious Metals Reports 46 Feet of 0.244 oz/t Au and 59 Feet of 0.193 oz/t Au from Historical Drilling at the La Sabila Gold-Copper Project, Michoacan, Mexico.LITHIA lith·i·a n. See lithium oxide. [New Latin, from lithion, from Greek, diminutive of lithos, stone.] , Fla. -- 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) is pleased to report high-grade gold intercepts over substantial thicknesses from drilling by MIM MIM Metal Injection Molding MIM Mendelian Inheritance in Man MIM Mobile Instant-Messaging MIM Man in the Middle MIM Multilateral Initiative on Malaria MIM Metal-Insulator-Metal MIM Master of International Management MIM Made in Mexico Holdings (now part of Xstrata) in 1997-1998 on USPR's wholly-owned, 16,690-hectare La Sabila gold-copper project in Michoacan, Mexico. The 21 reverse circulation holes tested a structural corridor extending at least three kilometers north-south which contains multiple NE-trending, vertical to steeply SE-dipping zones of 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. . The drilling, combined with mapping and channel sampling of drill road cuts, identified three major zones of gold mineralization: the Main Zone, estimated by MIM to contain 3 million tonnes of mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. material grading 3.0 g/t (0.096 oz/t) gold, 20 g/t (0.64 oz/t) silver, and 0.5% copper to a depth of 150 meters; the North Zone, which occurs 300 meters north of and sub-parallel to the Main Zone; and the Cuendao Zone, which lies 2 kilometers to the south of the Main Zone. Results of the drilling are summarized in the accompanying table.
Hole ID From To Interval Gold TD Interval Gold Area
Meters meters gpt m Feet opt
SD97-1 18 38 20 4.4 150 66 0.141 Main
58 60 2 4.7 7 0.151
122 140 18 6.0 59 0.193
SD97-2 30 46 16 0.7 150 52 0.023 Main
70 78 8 0.9 26 0.029
SD97-3 0 2 2 3.2 150 7 0.103 Main SE
22 36 14 7.6 46 0.244
64 68 4 4.6 13 0.148
SD97-4 158 164 6 10.3 204 20 0.331 Main
SD97-5 38 48 10 0.8 150 33 0.026 Main NW
98 100 2 4.1 7 0.132
SD97-6 nil 164 Main
reconn
SD97-7 102 136 34 0.8 154 112 0.026 Main
Tunnels
SD97-8 14 20 6 8.1 172 20 0.260 North
SD97-9 32 34 2 1.3 162 7 0.042 North
52 54 2 1.4 7 0.045
62 66 4 2.0 13 0.064
SD97-10 30 32 2 0.9 154 7 0.029 North
SD97-11 54 70 16 0.6 156 52 0.019 Cuendeo
SD98-12 nil 160 Main NW
reconn
SD98-13 nil 150 Main NW
reconn
SD98-14 nil 180 Main SW
Tunnels
SD98-15 nil 156 Main SW
Tunnels
SD98-16 nil 150 Main NE
ext
SD98-17 0 24 24 1.2 152 79 0.038 Main
116 126 10 2.5 33 0.079
SD98-18 56 68 12 1.7 170 39 0.054 Main
78 82 4 2.0 13 0.063
136 138 2 2.6 7 0.084
SD98-19 22 24 2 3.2 124 7 0.104 Main
52 58 6 6.4 20 0.205
84 88 4 2.7 13 0.086
SD98-20 56 74 18 1.3 134 59 0.041 Main
88 98 10 1.6 33 0.051
SD98-21 4 8 4 1.7 24 13 0.053 Main
LA SABILA DRILL HOLE SUMMARY
Holes were drilled on a NW azimuth azimuth (ăz`əməth), in astronomy, one coordinate in the altazimuth coordinate system. It is the angular distance of a body measured westward along the celestial horizon from the observer's south point. at inclinations of 55 to 75 degrees (most holes defining mineralization in the Main Zone were drilled at an inclination inclination, in astronomy, the angle of intersection between two planes, one of which is an orbital plane. The inclination of the plane of the moon's orbit is 5°9' with respect to the plane of the ecliptic (the plane of the earth's orbit around the sun). of 55 degrees to horizontal) in order to intercept intercept in mathematical terms the points at which a curve cuts the two axes of a graph. the quartz-sulfide veins which strike N40-70E and dip 65 degrees SE to vertical. Thus, true thicknesses of the mineralized zones are approximately 70% to 80% of the apparent thicknesses reported in the table. Samples were collected at 2-meter intervals and submitted to ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex Labs for gold, silver, and copper assay, as well as for geochemical analysis of a suite of trace elements Trace elements A group of elements that are present in the human body in very small amounts but are nonetheless important to good health. They include chromium, copper, cobalt, iodine, iron, selenium, and zinc. Trace elements are also called micronutrients. . Peter Toscano, Chairman of USPR USPR Unidirectional Path Switched Ring (SONET) , stated, "The drilling by MIM demonstrates that significant, high-grade gold mineralization occurs at La Sabila, and only a small portion of the structural corridor has been tested to date." The Company plans to define and drill additional gold targets during the upcoming field season, as well as to expand the existing zones of mineralization which are open along strike and to depth. About U.S. Precious Metals, Inc: U.S. Precious Metals, Inc. (USPR-OTCBB) is a gold exploration company operating in Mexico through its wholly-owned subsidiary, U.S. Precious Metals de Mexico. On March 13, 2003, the Company acquired Solidaridad I (175 hectares). On March 27, 2003, USPR acquired the Solidaridad II (2,164 hectares) exploration concession from the Mexican government. On July 22, 2003, the Company acquired the exploration concessions for Solidaridad III, (294 hectares) and Solidaridad IV (149 hectares). On May 25, 2004, the company received the exploration concession from the Mexican government for Solidaridad V (La Ceiba La Ceiba is a port city on the northern coast of Honduras, Central America on the Caribbean Sea on the south eastern edge of the Gulf of Honduras. With a population of about 250,000, it is the third largest city in the country and the capital of the Honduran department of , 921 hectares). In February 2006, USPR claimed a gold mine concession lot named "La Sabila" (12,987 hectares) that surrounds the other concessions, bringing the total area under USPR's control to 16,690 hectares (one hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres. equals 2.47 acres). 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 (networking) disclaimer - Statement ritually appended to many Usenet postings (sometimes automatically, by the posting software) reiterating the fact (which should be obvious, but is easily forgotten) that the article reflects its author's opinions and not necessarily those of the : This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , 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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