SOURCE: U.S. Precious Metals, Inc.

August 11, 2008 12:14 ET

U.S. Precious Metals, Inc. Reports Results From Drill Hole #6

CELEBRATION, FL--(Marketwire - August 11, 2008) - U.S. Precious Metals, Inc. (OTCBB: USPR) ("USPR") -- M. Jack Kugler, CEO and Chairman of the Board, USPR, Inc., released today assay data for selected intervals from drill hole number 6. Mr. Kugler stated that the exploration drilling continues to produce encouraging results with holes 8 and 9 currently in progress. Mr. Kugler also stated that with the pending approval of our Environmental Impact Statement we will be able to build new roads on the concession opening up areas that have significant potential for mineral resources.

Assay results from US Precious Metals Inc.'s independent assayer Chris Christopherson Labs indicate two mineralized zones with apparent widths of 12 and 14 feet. Current metal prices give these two zones a weighted value of $241.70 and $354.25 per ton respectively. Applied Minerals, Inc. hired by U.S. Precious Metals, Inc. is currently developing a computer model of the mineralized zones intercepted in holes 5 and 6. The purpose of the computer generated model is to correlate mineralized intercepts to establish a mineable block of ground.

                                Silver (Ag)     Copper
Sample No.      Gold (Au) opt       opt        (Cu ppm)      Footage(feet)
-------------   -------------- -------------- -------------- --------------
LS 08-6 -4               0.384           0.58           2596        192-194
LS 08-6 -4Dup            0.403           0.62
LS 08-6 5                0.006           0.56            450        224-226
LS 08-6 6                0.009           0.50           1676        226-228
LS 08-6 7                0.001           0.28             36        228-230
LS 08-6 8                0.001           0.40            349        230-232
LS 08-6 9                0.026           0.68           4491        238-240
LS 08-6 10               0.049           0.96           9135        240-242
LS 08-6 11               0.040           1.20          11776        242-244
LS 08-6 12               0.020           1.40          19660        244-246
LS 08-6 13               0.580           0.82           1744        246-248
LS 08-6 13Dup            0.540           0.58
LS 08-6 14               0.321           0.94          16320        248-250
LS 08-6 14Dup            0.303           1.15
LS 08-6 15               0.053           2.55          29451        250-252
LS 08-6 15Dup            0.052           2.86
LS 08-6 16               0.244           0.40           1042        262-264
LS 08-6 16Dup            0.286           0.47
LS 08-6 17               0.009            .68           1480        264-266
LS 08-6 18               0.100           0.52            598        266-268
LS 08-6 19               0.306           0.54           1782        268-270
LS 08-6 19Dup            0.216           0.54
LS 08-6 20               1.230           0.57           1728        270-272
LS 08-6 20Dup            1.035           0.72
LS 08-6 21               0.585           0.32           1600        272-274
LS 08-6 21Dup            0.470           0.40
LS 08-6 22               0.032           0.20            190        274-276
LS 08-6 29               0.022           0.65           1471        308-310
LS 08-6 30               0.000           0.00            501        316-318
LS 08-6 31               0.010           0.64            809        318-320
LS 08-6 32               0.002           0.50           4350        320-322
LS 08-6 33               0.007           0.92           2145        341-342
LS 08-6 34               0.004           0.44            425        345-346
LS 08-6 35               0.022           2.15          24018        351-352

US Precious Metals, Inc. is a gold exploration company operating in Mexico through its wholly owned Mexican subsidiary, U.S. Precious Metals de Mexico. US Precious Metal's common stock is quoted on the OTC Bulletin Board under the symbol "USPR."

Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to U.S. Precious Metals, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Registration Statement on Form SB-2, as amended, and its Annual Report on Form 10-KSB, as amended, for the year ended May 31, 2007. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect.

Contact Information

  • CONTACT:
    U.S. Precious Metals, Inc.
    M. Jack Kugler
    CEO
    407-566-9310
    www.usprgold.com