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Last $0.11 USD
Change Today -0.0043 / -3.93%
Volume 1.1M
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

us precious metals inc (USPR) Snapshot

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52 Week High
10/1/14 - $0.33
52 Week Low
07/29/15 - $0.09
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us precious metals inc (USPR) Details

U.S. Precious Metals, Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Mexico. The company focuses on gold, silver, and copper deposits. It owns interest in the Solidaridad property covering approximately 37,000 contiguous acres of land located in the State of Michoacán, Mexico. U.S. Precious Metals, Inc. was founded in 1998 and is headquartered in Marlboro, New Jersey.

3 Employees
Last Reported Date: 09/10/14
Founded in 1998

us precious metals inc (USPR) Top Compensated Officers

Chairman and President
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Chief Technology Officer
Total Annual Compensation: $240.0K
Director of Mexican Operations
Total Annual Compensation: $240.0K
Compensation as of Fiscal Year 2014.

us precious metals inc (USPR) Key Developments

U.S. Precious Metals, Inc. Provides Drilling Update and Releases Assay Results on Initial 11 Drill Holes from Its 2015 Drilling Campaign

U.S. Precious Metals, Inc. announced that it has completed 25 drill holes (approximately 4,300 meters) to date under its 2015 drilling campaign. Based on existing hole depths, the company expects to drill a total of 30 holes in this campaign to reach 5,000 meters. The drilling campaign focused on definition drilling of locations on the Main Zone and the Southern extension areas as well as extending the Main Zone towards the North Zone. Drilling Update: Holes 1 through 8 have extended the Main Zone towards the North Zone. While the company has not drilled any holes in the North Zone to date, the North Zone exhibits an exposed quartz sulfide vein system that runs in the direction of the Main Zone. In addition, the company grabs samples from the North Zone indicating results as high as 36g/t Au. The North Zone is located on an adjacent low-lying mountain separated by a wash area, which may be ideally suited for placer mining. Based on the current drill results and the exposed vein system, the company believes that the Main Zone is geologically connected to the North Zone, which is a distance of approximately 500 meters peak to peak. Holes 9-11 were located in the northern end of the Southern extension and further expand the results in this area from the 2008 and 2010 drilling campaigns. The Southern extension also exhibits an exposed quartz sulfide vein system that runs in the direction of the Main Zone. The Southern extension is located on an adjacent low-lying mountain, also separated by a wash area having placer mining potential. Holes 12-30 are designed to further expand the results in the southern portion of the Main Zone. The Company undertook significant road work in order to reach these drill sites. The Company has received the independent assay results from ACT Labs, Zacatecas, Mexico (unrelated to ACT Holdings, a US company, the drilling operator) for the initial 11 cores. All 11 holes successfully intersected mineralization with numerous quartz sulfide veins.

U.S. Precious Metals, Inc. Announces Executive Changes

On June 25, 2015, the board of directors of U.S. Precious Metals, Inc. appointed John Gildea as the company's Chief Executive Officer and on that same date, Mr. Gildea resigned as the company's Chief Operating Officer. There are no family relationships between the above named officer and any other officer and/or director.

U.S. Precious Metals, Inc. Announces the Resignation of Chad Altieri as Director

U.S. Precious Metals, Inc. announced the resignation of Mr. Chad Altieri resigned as a Director of the Company. Based upon Mr. Altieri's communication to the Company, Mr. Altieri did not resign as a result of any disagreement with the Company regarding its operations, policies or practices.


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