In today’s market, many investors are parking their money on the side-lines. There is obviously no safer place than cash in a market that is fairly unpredictable. Leaving that money on the sidelines, however, means just that, leaving it to sit. Some investments have a fairly long lead time and require patients and foresight. If an investor is willing to look at the distant horizon with some investment capital that is to be idle for some time anyway, perhaps letting it go to work in another fashion is a way to profit when there are few other options to follow.
US Precious metals Inc., a gold and base metals exploration and development company, works to exploit gold and base metal deposits primarily in Southern Mexico. The company is currently in the advanced stages of drilling, testing and assay.
The company has been following a fairly diligent drilling and testing program at its Southern Michoacan Mexico location. Begun in early 2008, the site has been test drilled in a rigorous and well defined manner. In recent days, the company has been able to state that its original findings can now be upgraded to indicate an additional 12% of proven reserves and a 22% increase in probable reserves. These figures have been arrived at through accepted and controlled assay results. Moving forward, testing and associated programs are scheduled to begin.
Although the company has concessions at several other southern Mexico sites, it has been concentrating, with solid progress and successes, on its Michoacán site. In 2007, infrastructure to the site was completed for addition of meteorological testing and core storage facilities. Additionally, on-site staff has been added to control and manage the site and test cores. Ultimately, additional testing programs for a complete concession assessment will be completed.
From all appearances, US Precious Metals is following a very calculated path toward opening and operating a fair large scale mining operation with significant proven and probable reserves. It may be somewhat exposed to the current capital markets but is a solid investment for steady and proven profits in the future.
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