US Tungsten Corporation Announces Start of Ground Magnetic Survey of the Calvert Hill Project
September 26 2013 - 8:15AM
Marketwired
US Tungsten Corporation ("US Tungsten" or "USTU"), (OTCQB: USTU),
is pleased to announce that we have contracted to conduct a ground
magnetic survey over the Calvert Hill project in Beaverhead County,
Montana. We expect the survey and subsequent evaluation to be
completed by the end of October 2013.
The magnetic profile lines will be surveyed with a line spacing
of 300 feet and 100 feet at locations specified by the Company. The
total program is expected to be approximately 56 line-kilometers.
The Total Magnetic Field and Vertical Magnetic Gradient will be
measured with a resolution of 0.001 nT. A GPS system capable of XY
accuracy of +/-2m will be used for navigation and positioning.
Deliverables should include diurnally-corrected total magnetic
field data, vertical magnetic gradient, all raw and processed data,
topo-based line location map, and a brief acquisition report.
Delivered data will also include magnetic data Reduced to Pole and
derivative, gradient, and residual maps as appropriate.
The data will then be analyzed by our advisors. A projected 2014
definition drilling program will be drafted from this information.
An application for permitting with the United States Forest Service
(Administrators of the Claims area) will be drafted and submitted
from this data as well.
ABOUT US TUNGSTEN CORP:
The Company seeks to become the first commercially viable
domestic producer of Tungsten (W) in almost 50 years. Tungsten (W),
is a Strategic Mineral/Metal, designated by the international
community as a 'Conflict' Mineral. This designation would
substantially value any traceable domestic production. The Company
is concentrating in an area of S.W. Montana which has historically
been a significant Tungsten producing district. USTU has staked
claims to previously producing deposits as well as promising areas
surrounding and along the 'trend' of these historical deposits.
SAFE HARBOR STATEMENT:
"Forward-looking statements," as that term is defined in Section
27A of the United States Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Statements which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future including, but not limited to, additional
acquisitions. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with mineral exploration. US Tungsten, Corp. assumes no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Although we believe that the
beliefs, plans, expectations and intentions contained in press
release are reasonable, there can be no assurance that such
beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our current and periodic reports filed from
time-to-time with the Securities and Exchange Commission.
For Additional Information, Contact: Teresa Schaffer
shareholder/public relations Tel: 1-954-822-0253 E-mail: Email
Contact
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