Monday, July 6, 2009

USCorp (USCS.OB) Signs Boart Longyear to Complete Arizona Drilling Program

Today, USCorp announced that it has selected Boart Longyear (“Boart”) to execute the final Phase 3 drilling program at its Twin Peaks project in Yavapai County, Ariz. Boart is the world’s leading integrated drilling services provider and products manufacturer for the minerals industry. The company also has a substantial presence in the environmental energy and infrastructure energy industries.

Robert Dultz, Chairman and CEO of USCorp stated, “We chose Boart because of their expertise, extensive equipment, and excellent international reputation in hard-to-reach drilling. We have already mapped out our locations and where we will drill; all approvals are in place so we are looking forward to completing the final phase of our exploration drilling program on this property.”

Dultz also noted that the Phase 3 drilling program for the Twin Peaks Project requires getting equipment into difficult locations and to depths that were not reached in Phases 1 and 2 using reverse circulation drilling. The selection of Boart complements the company’s use of ALS Chemex and the 129-year-old Jacobs Assay 1880 with offices in Tucson, Ariz., for the assay results. Jacobs Assay 1880 is recognized by the Bureau of Land Management.

Based in Australia, the company’s corporate office is located in Sydney, Australia. Its head operations office is in Salt Lake City, Utah. Boart’s five regional offices cover the globe, with locations in Australia, Canada, The Netherlands, Peru and South Africa. They also have an office and equipment yard in Peoria, Ariz., a suburb of Phoenix, and conveniently located near USCorp’s properties.

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