USPR owns significant exploration and exploitation rights to approximately 37,000 acres of land in Michoacan, Mexico.
These forward-looking statements are based on information currently available to USPR and USPR's current plans, intentions and expectations and include statements regarding the potential of the Mexican concessions .
Pane stated "I would like to thank the groups that visited for their time and for the manner in which they dealt with USPR.
In order to further facilitate the maximization of shareholder value, USPR has entered into a definitive agreement with a major institutional investment bank.
Cutler stated "I look forward to working with USPR's management team to build USPR into a company that we can all be proud of and that will create exceptional value for all its stakeholders.
Gildea is quoted, "I am delighted to be given this responsibility at this very exciting time in the development of USPR.
In other USPR news, the USPR's drilling campaign continues to intersect mineralization.
USPR President and Chief geologist Dave Burney said today drill hole number 5 has changed our strategy for drilling targets due to the discovery of multiple mineralized sections in the core.
In other USPR
news the second drill hole has been completed and the core has been transported to Morelia for processing.
Baer also said he had authorized the purchase of a Niton XRF Analyzer for the continued exploration of the La Sabila property and also other properties that USPR has exploration agreements with.
In other USPR news, members of the Board of Directors have scheduled a visit to the USPR warehouse facility in Morelia and the La Sabila property in southern Michoacan.
Baer said today that the first of the core samples have been shipped from the USPR
facility in Morelia, State of Michoacan, Mexico to the United States for assay.