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US Precious Metals (USPR)

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U.S. Precious Metals now a client of PCG Advisory Group
Logo    About Us Founded in 2008, PCG Advisory Group is dedicated to the delivery    U.S. Precious Metals
of top tier capital markets advisory services,strategic and tactical digital and social media communications and cutting edge media and public relations for public and privately held companies. The team at PCG has extensive experience with life sciences and healthcare, high technology, financial services and emerging growth companies from around the globe. PCG’s Capital Markets Advisory Services include overall investor strategy development to increase and leverage investor awareness, visibility and credibility. PCG’s Social and Digital Media services include leveraging social and professional digital media sites to effectively and accurately communicate client stories As an aggregation, distribution, and engagement platform, PCG reaches thousands of individual, retail and institutional investors using proprietary techniques, search engine optimization, online marketing, website development and our proprietary and extensive distribution network. PCG’s Media and Public Relations services are a strategic and integral component of all Corporate Communications. The media and public relations team works with print, broadcast, online news sites and bloggers to tell the best client story at the right time. We also have the capabilities to assist a company during a merger, acquisition or crisis. Communicating the client’s story accurately and effectively is tantamount to maximizing exposure to its current and potential stakeholders.

Dedicated To The Discovery and Creation of Shareholder Value


The 17,000 hectare Solidaridad mining leases are held by U.S. Precious Metals of Mexico, a wholly owned subsidiary of U.S. Precious Metals, Inc. The Solidaridad properties include eight (8) concessions and have been granted to the subsidiary for 50 years. Titles to the concessions are maintained subject to an annual tax required by the Mexican government and paid twice a year.

USPR de Mexico acquired the property leases in 2003 after the initial exploration efforts by MIM, Esperanza Del Oro and Hot Springs Exploration in 1997-98. The previous exploration campaigns completed 21 drill holes totaling 3166 meters of R.C. drilling. An additional concession surrounding the Solidaridad concessions was obtained in 2006 by USPR of Mexico.

In 2008, USPR of Mexico began a 4000 meter drilling campaign to confirm, further explore and investigate the mineral resource potential. All drill cores were logged, cut and sampled. The core samples were shipped to a lab in the United States for assay. All data to include drill logs and assays have been digitized and plotted on maps. The mineral resource estimation provided by USPR of Mexico is based solely on the results of USPR drilling results.

Based on the results from the previous drilling campaign completed by USPR of Mexico, field mapping and sampling and petrographic results from polished section studies, a 10,000 meter drilling campaign is planned for 2010.


The deposit was discovered in August of 1995 by Esperanza Del Oro. A joint venture to explore the property was offered to Mount Isa Mines (MIM) by Esperanza Del Oro after the initial discovery. MIM drilled 11 holes and Hot Springs Gold Corporation drilled an additional 10 holes. Initial drilling of the property was completed in December of 1997-98 (early drill hole map). From the data collected by MIM, there is a potential gold resource of 308,000 ounces. In addition there is significant recoverable silver and copper.



The Solidaridad deposit is a gold, silver, copper deposit within Guerrero Terrain of southern Michoacan. Cross cutting quartz sulfide veins, currently characterized as mesothermal veins, are hosted within a sedimentary sequence of black shales, siltstones and quartzites consistent with a shallow marine continental margin of Pliocene Miocene age. Andesite sills are present within the sedimentary sequence. The sedimentary units unconformably overlie a porphyritic rhyolite of Miocene Oligocene age. Interpreted diorite intrusions have been mapped on the surface. To the south of the previously drilled "Main Zone" a massive sulfide deposit has been identified. The area, Cuendeo, is the focus of the 2010 drilling campaign. Petrographic studies have identified hypogene sulfides, predominantly pyrite and chalcopyrite



Three mineralized zones clustered near the ranch of La Sabila owned by Don Victorio Cardenas were identified by the early drilling: the North Zone, the Main Discovery Zone and Cuendeo, (2 km south of the Main Zone). Twelve holes are considered 'pay holes' with the drilling results and metal values shown in ounces per ton (opt) for gold and silver and percent for copper in Table 1. The Main Zone is 40 to 60 meters wide on the surface and approximately one km in length. 


Drilling of the La Sabila project began in February of 2008 by USPR. During 2008, Micro Tunnels, the drilling contractor hired by USPR, had two drills working six days per week and two shifts per day. The drilling continued through November, 2008 with 4000 meters of core drilled during the campaign. The core was transported to the Lab in Morelia where it was inventoried, washed and logged. Mineralized intercepts were split, sampled and shipped to an assay lab in the U.S. under Chain of Custody.

Mineral Processingyes

The first metal extraction tests were conducted for La Sabila in October, 2009. These tests were necessary as a proof of concept prior to mining on larger scales. The ore collected from a vein exposed on the surface was previously assayed at 0.062 ounces per ton gold, 17.3 ounces per ton silver and 7.16% copper. The ore samples are believed to contain the copper minerals chalcocite and chalcopyrite, the silver mineral acanthite, native gold and gold bearing pyrite. In addition, copper oxides are present. A silver bar produced in the laboratory was assayed by Chris Christopherson, Inc. of Kellogg Idaho ("CCI") for gold, silver and copper. The four inch long bar assayed by CCI ran 5.425 ounces per ton gold, 199.8 ounces per ton silver and 76.0% copper. American Analytical Services, Inc. of Wallace, Idaho completed the 41 element an.Metallurgical testing conducted at the Company's Morelia laboratory is under the direction of Carlos Becerra, a 25 year veteran of the mining industry in Mexico. Mr. Becerra, a chemist and metallurgist, is using industry standard techniques to concentrate the metals and create the bars. Different types of bars have been produced in the Company's laboratory: a copper sulfide bar which contains silver, gold and copper as well as bars of silver with copper and gold. This metallurgical testing and production of metal bars confirms to the Company that gold, silver and copper can be extracted. The Company intends to produce gold, silver and copper in its laboratory and duplicate the processes at the project site on a production


On March 13, 2003, USPR acquired Solidaridad I (175 hectares).
On March 27, 2003, USPR acquired the Solidaridad II (2,162 hectares) exploration concession from the Mexican government.
On July 22, 2003, exploration concessions for Solidaridad III, (294 hectares) and Solidaridad IV (149 hectares) were acquired.
On May 25, 2004, the company received the exploration concession from the Mexican government for Solidaridad V (La Ceiba, 921 hectares).
In February 2006, USPR claimed a gold mine concession lot named "La Sabila" (11,405 hectares) that surrounds the other concessions, bringing the total area under USPR"s control to 15,400 hectares (one hectare equals 2.47 acres).
In 2007, road improvements were made and a warehouse in Morelia was for drill core storage and analysis. Funding was acquired for a more thorough definition drilling campaign. Drilling began in early 2008. All legal obligations for the concession have been met and all fees and taxes are current.
A Chief geologist and metallurgist have been hired to continue the exploration and begin ore characterization. In addition, a contract geologist living in Morelia is working on the project full time. Chemical analysis and metallurgy is being conducted by Mike Floersch of Applied Minerals, Inc. In September 2008, an Environmental Impact Statement was approved so that a pilot plant for ore processing and deep core drilling can begin. In October 2009, a metals extraction test was performed on ore samples collected from a vein exposed on the surface.
Fourteen additional holes were drilled in the 2010 drilling campaign. A 2011 National Instruments 43-101 report was prepared independently by Michael Floersch (Applied Minerals, Inc.) and Betty Gibbs (Gibbs Associates) to describe results of exploratory drilling campaigns (2008 and 2010) and lay the groundwork for continued drilling and resource definition of the La Sabila property in southeastern Michoacán, Mexico.



Management Team


Hans H. Hertell
President, Director

An attorney with over 30 years experience in government, public affairs, business, and banking, AmbassadorHans H. Hertell was sworn in as the United States Ambassador to the Dominican Republic on November 8, 2001. At the time, the Dominican Republic was the fourth largest trading partner of the United States in the Western Hemisphere after Canada, Brazil and Mexico and the largest economy in Central America and theCaribbean. When he finished his tour on May 1, 2007, Ambassador Hertell was the second longest serving U.S. Ambassador in the world.

From 1992 to 1996 Ambassador Hertell was Managing Director of Latin America and the Caribbean for Black, Kelly, Scruggs and Healey, a government and public affairs company based in Washington, D.C. He was responsible for all aspects of the firm's activities in Latin America and the Caribbean. In that capacity, Ambassador Hertell represented several Fortune 50 companies as well as governments in the region. Previously, he was Chief Executive Officer and Chairman of Ponce Federal Bank (NYSE), one of the largest publicly traded corporations in the Caribbean, with $1.3 billion in assets. Ambassador Hertell was also one of the founding partners of the third largest full service law firm in Puerto Rico, Goldman, Antonetti, Ferraiuoli, Axtmayer and Hertell.

Ambassador Hertell was instrumental in the early development of a major gold exploration company currently listed on the NYSE.

John Gildea
Chief Operating Officer

Mr. John Gildea has over 15 years experience in the financial sector, he is the Co Founder and partner in SGG Enterprises which is an investment consultants/portfolio management business. In October 2011, SGG enterprises formed a partnership with U.S. investment group "The Broadsmoore Group". Mr. Gildea holds the position of VP in Broadsmoore International. Mr. Gildea is currently Chairman and COO of U.S. based exploration company U.S. Precious Metals.

Juan A. Serrat
Chief Technology Officer

Mr. Juan A. Serrat (age 44) has over 20 years in the construction field designing and supervising the construction of numerous mining and milling projects worldwide. From 2000 to 2009, he was the project manager of Titan America, one of the world's largest cement and aggregate companies. During his tenure at Titan, he was responsible for supervising the construction of nine projects valued over $582 million. Mr. Serrat has been President of ECI Unlimited Services, Inc., of Miami, Florida. ECI Unlimited is a family owned business and is involved in purchasing and refining precious metals. Mr. Serrat is fluent in Russian, Spanish and English.

David Cutler
Chief Financial Officer

Mr. Cutler has more than 30 years of experience in international finance, accounting and business administration. Mr. Cutler was Chief Financial Officer and subsequently Chief Executive Officer of Multi-Link Telecommunications, Inc., a publicly quoted voice messaging business, from 1999 to 2005. Mr. Cutler has been a director and Chief Financial Officer of Discovery Gold Corporation, a publicly quoted mineral exploration company with interests in Ghana, since August 2012 and is the Principal of Cutler & Co., LLC, a PCAOB registered auditing company. Mr. Cutler is the sole officer and a director of the following publicly quoted shell companies: Golden Dragon Holding Co. (formerly Concord Ventures, Inc.), since March 2006, Southwestern Water Exploration Co., since March 2011, Torrent Energy Corporation, since October 2011, Quantech Electronics Corp since May 2012, Capital Resource Alliance, Inc., since September 2012 and Zulu Energy Corporation since April 3, 2012. Mr. Cutler was the sole officer and a director of US Holdings, Inc. (nka California Style Palms, Inc.), a publicly listed shell company, from July 2011 to September 2013, Aspeon, Inc. (nka Aspi, Inc.), a publicly listed shell company, from April 2005 until October 2009 and a director and officer of Atomic Paintball, Inc., a development stage owner and operator of paintball parks, from August 2006 until December 2009. Atomic Paintball, Inc. filed for Chapter 7 in 2009. Mr. Cutler has a Masters degree from St. Catharine’s College in Cambridge, United Kingdom and qualified as a British Chartered Accountant and Chartered Tax Advisor with Arthur Andersen & Co. in London. He was subsequently admitted as a Fellow of the UK Institute of Chartered Accountants. Since arriving in the United States, Mr. Cutler has qualified as a Certified Public Accountant, a Certified Valuation Analyst of the National Association of Certified Valuation Analysts and obtained an executive MBA from Colorado State University.

Ruben Figueredo
Director of Mexican Operations

Mr. Figueredo is a certified engineer with dual degrees in telecommunications and electronics and has over thirty years of hands-on project development and management experience. Since 1992, Mr. Figueredo has been President and Chairman of the Board for CompuVid, Inc, of Miami, Florida, where he has been responsible for the design, development, and installation of a multitude of industrial projects specializing in mining and aggregate processes.

Board of Directors

♦ Hans H. Hertell
  President and Chairman of the Board

John Gildea
  Chief Operating Officer and Director    

Daniel H. Luciano
   Director and Corporate Attorney     

Daniel Joonsikk Moon

Sheldon Baer

David W. Burney

Michael Volkov


Share Statistics
Shares Outstanding 164,213,416 a/o Apr 20, 2015
Float 135,002,640 a/o Oct 01, 2014
Authorized Shares
325,000,000 a/o Oct 01, 2014

Company Information
U.S. Precious Metals, Inc.
176 Route 9 North
Suite 306
Marlboro, NJ 07728

Transfer Agent
Issuer Direct Corporation
500 Perimeter Park Dr. Ste. D
Morrisville, NC 27560
(919) 481-4000 (phone)
(202) 521-3505 (fax)

John Scrudato CPA
7 Valley View Drive
Califonia, NJ, 07830
United States

Legal Counsel
Daniel H. Luciano
Attorney at Law
242A West Valley Brook Road
Califon, New Jersey 07830
(908) 832-5546 (phone)
(847) 556-1456 (fax)
Member Texas and New Jersey Bars


Financial Reporting/Disclosure


Compliant with NI 43-101 Prepared for:

US Precious Metals, Inc.

Prepared by Michael J. Floersch, QP  Applied Minerals, Inc., Thompson Falls, MT  Elizabeth (Betty) L. Gibbs, QP  Gibbs Associates, Boulder, CO  With Contributions


goldcorp Inc.World Gold CouncilInvestor-Resources
Goldcorp is one of the fastest-growing, lowest-cost senior gold producers, with operations and development projects in politically stable jurisdictions throughout the Americas. Our strong project pipeline is positioned to drive long-term, sustainable growth.

GOLDCORP is investing heavily in MEXICO and expanding operations

U.S. Precious Metals, Inc. Developing Gold, Silver And Copper Projects Primarily In Mexico 
Sep 29, 2014 8:44 AM | about stocks: USPR
by Michael Ugulini

An exploration stage company Metals & Mining industry (sub-industry: Industrial Metals & Minerals), U.S. Precious Metals, Inc. engages in the acquisition, exploration, and development of mineral properties. The Company owns exploration and exploitation concessions to approximately 37,000 contiguous acres of mineral rights. Founded in 1998, its corporate mission is to discover, acquire, define, and develop gold deposits and other valuable metals.

The Company's development projects are chiefly in Mexico, but also across the Americas. U.S. Precious Metals is centering on gold, silver and copper mainly situated in the State of Michoacán, Mexico.

The 17,000-hectare Solidaridad mining leases are held by U.S. Precious Metals of Mexico, which is a wholly-owned subsidiary of the Company. The Solidaridad properties consist of 8 concessions granted by the Mexican government for a 50-year period. All information available to the Company has been realized from boreholes drilled by it and by the preceding two companies that explored the property and analyzed under chain of custody by an independent laboratory.

U.S. Precious Metals entered into an agreement with Mesa Acquisitions Group, LLC, in association with Alba Petroleos, in May of 2013. This agreement is to further explore and develop U.S. Precious Metals' Mexican concessions. Mesa Acquisitions/Alba Petroleos committed to spend up to roughly $50 million to explore and develop pre-determined portions of two of U.S. Precious Metals' Mexican concessions known as Solidaridad 1 & Solidaridad 2.

It will also build the needed plant and/or bring in the required equipment to process the head ore. In return, it will receive 10 million shares of U.S. Precious Metals common stock and receive a 30% interest of the project. U.S. Precious Metals will retain 70% of the project.

On June 14, 2014, Mesa Acquisition Group, U.S. Precious Metals' joint venture (JV) partner, completed the ground work or Phase 2 of identifying and defining mineralization previously portrayed by satellite imagery. Consorcio de Tecnologias Avanzadas de Columbia Ltda, the Company's sub-contractor, did the ground work which comprised two specific geophysical techniques; "Forming Short-Pulsed Electromagnetic Fields" (FSPEF) and "Vertical Electric-Resonance Sounding" (VERS).

A crew took 210 readings in 70 kilometers of lines. It concentrated mainly on the 71 identified satellite imagery anomalies. In addition, the geophysical survey was substantially expanded to include zones well outside the original contracted zone.

Furthermore, U.S. Precious Metals acquired Resource Technology Corp. Consequently, it has incorporated the latest technological advancements in ore refining via adopting Thermal processing.

Plasmafication is an advanced thermal process. Ionized gas is heated by electrical energy to temperatures coming close to or above that of the surface of the sun. The plasmafication process has an innovative application to the commercial precious and rare earth metals mining industry.

It can recover metal fines otherwise not recoverable by customary commercial scale refining or concentration methods. The plasmafication process enables higher recovery rates. In addition, it has substantively cleaner emissions than conventional refining.

Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.



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Current Price
Bid Ask Day's Range
USPR News: Current Report Filing (8-k) 10/01/2015 11:52:35 AM
USPR News: Annual Report (10-k) 09/14/2015 05:23:26 PM
USPR News: Small Company Offering and Sale of Securities Without Registration (d) 09/09/2015 01:49:31 PM
USPR News: US Precious Metals, Inc. (USPR) Reports Wide Intercepts of Mineralization in Holes 18-22 09/01/2015 12:30:00 PM
USPR News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 08/28/2015 04:46:48 PM
#13250  Sticky Note 10Q comes out after hours. And before gitreal 01/20/15 11:22:55 PM
#9721  Sticky Note USPR READY TO RELEASE BILLIONS IN MINERALS USA*2014 08/15/14 07:40:37 AM
#16000   Yeap, everyone sees it. the uspr plan. Today Lask 10/08/15 09:49:16 PM
#15999   Yes I googled it as well. Adrock 10/08/15 06:44:22 PM
#15996   Play a blinder is British slang for play itsawinner 10/08/15 01:16:26 AM
#15993   That's for you to figure out...I have already manxy 10/07/15 03:22:52 PM
#15992   you posted that directors of uspr post on usprinvestor 10/07/15 03:06:40 PM
#15991   Why wouldn't J.W post here...The board of directors manxy 10/07/15 03:01:17 PM
#15990   Agreed Adrock 10/07/15 02:59:12 PM
#15989   he also posted sec filings on aivn mb usprinvestor 10/07/15 02:47:13 PM
#15988   How do you know that JWAGE is definately Trigger4 10/07/15 02:09:23 PM
#15985   Every year update uspr POS. Looks like around Lask 10/07/15 11:05:54 AM
#15978   I agree the lawsuit could take them out...among manxy 10/07/15 09:38:03 AM
#15977  Restored WHAT IS EX-CEO JACK WAGENTI'S (JWAGE) MOTIVATION? usprinvestor 10/07/15 09:24:00 AM
#15976   What if USPR lawsuit went on for 6 JWAGE 10/07/15 08:26:47 AM
#15975   Please elaborate on what you meant by the Adrock 10/06/15 04:49:28 PM
#15974   Incredible investment Board playing a blinder at the Trigger4 10/06/15 04:38:05 PM
#15968   I'm extremely happy I never got sucked into manxy 10/06/15 01:53:02 PM
#15967   CORPORATION STATUS IS ACTIVE AND IN GOOD STANDING usprinvestor 10/06/15 10:15:34 AM
#15965   here's my guess...the pps trades .03 and we manxy 10/06/15 09:52:53 AM
#15964   Lets see if they were up to any USA*2014 10/05/15 04:07:45 PM
#15963   Almost supper time and the billion dollar gold Lask 10/05/15 03:54:18 PM
#15962   The last big gold find of our time manxy 10/05/15 12:42:38 PM
#15961   uspr's inventor jack wagenti, director shelton baer, been Lask 10/05/15 09:02:58 AM
#15959   ASK YOUR IR GUY, WHEN HE CALLED, WHO JWAGE 10/05/15 08:52:30 AM
#15958   No. It is not the lawsuit which will Lask 10/04/15 08:58:03 AM
#15957   Utter nonsense , check out companies filings . usprvox 10/03/15 11:39:03 AM
#15956   CHECK FOR YOUR SELF JWAGE 10/02/15 07:58:26 PM
#15950   Jack , usprvox 10/02/15 06:07:59 PM
#15949   No it will not kill this company. BOBBY 15 10/02/15 04:52:40 PM
#15947   seriously???? what does uspr's status with Delaware have russo123 10/02/15 04:35:03 PM
#15945   Using that logic, then the question is how usprvox 10/02/15 03:37:38 PM
#15943   Check with The Secretary of State in Delaware JWAGE 10/02/15 12:31:34 PM
#15942   first of all, it is alleged fraudulent statements russo123 10/02/15 12:16:15 PM
#15941   PURE B S ...ANNUAL POSTED ABOVE, FOR 2015 notaclueyet 10/02/15 12:14:38 PM
#15940   again. not even close to the point. the russo123 10/02/15 12:09:46 PM
#15939   yea. the initial point was that the sec russo123 10/02/15 12:08:20 PM
#15937   let's go back to the facts and what usprinvestor 10/02/15 12:06:48 PM
#15936   it seems you have already forgotten what you vuduu 10/02/15 11:57:43 AM
#15935   so far away from the point ... anybody usprinvestor 10/02/15 11:56:18 AM
#15933   that is so far away from the point. russo123 10/02/15 11:09:43 AM
#15932   fraud only occurs if the person perpetrating it vuduu 10/02/15 12:04:05 AM
#15930   you obviously did not read the material. vuduu 10/01/15 10:12:25 PM
#15929   no. i am saying we all know this russo123 10/01/15 09:54:26 PM
#15928   exactly. and that's the main point. all this russo123 10/01/15 09:51:39 PM
#15927   yes. really. really. russo123 10/01/15 09:48:34 PM
#15926   that's precisely my point. (chuckle,chuckle) russo123 10/01/15 09:46:29 PM