"Follow the Gold" with Geologist Dave Mathewson; From Newmont ( $NEM) to Gold Standard Ventures ( $GSV) to US Gold Corp ( $USAU)
Recent Gold Bar North Acquisition from Dave Mathewson Important Strategic Addition for US Gold Corp
Point Roberts, WA July 17, 2017 Investorideas.com, a global news source covering leading sectors including mining stocks releases a Nevada gold miners snapshot following the trail of legendary geologist Dave Mathewson.
Dave Mathewson is a well-known and quoted geologist-explorer with 35 years of exploration experience in Nevada alone. Notable discoveries made while Head of Newmont (NEM) Nevada's Exploration team from 1989 through 2001 include: Tess, Northwest Rain, Saddle and South Emigrant in the Rain mining district. From 1999-2001 the Mathewson led team made important deposit extension discoveries at Newmont's Gold Quarry and Mike deposits. Today, Newmont owns or controls approximately 2.8 million acres in Nevada and operations include 11 surface mines, 8 underground mines and 13 processing facilities.
At Gold Standard Ventures (GSV), Dave Mathewsons work led to the consolidation of the Railroad-Pinion district and the North Bullion & Bald Mountain discoveries. The Railroad-Pinion Gold Project is the Companys flagship project in North Central Nevada. The 100% owned/controlled project covers approximately 208 sq. km (52.7k acres).
And now Mathewson is leading the team at US Gold Corp. (NASDAQ: USAU) as Vice President and Head of Exploration. He recently told Investorideas in an interview, "We recently acquired the entire Keystone district. This was led by me mostly through my own claims. I had some existing claims in that area since 2002 and adding the rest of the claims - we have the entire district now locked up," he said. "To have the entire district, within which to explore under one's control - you can then apply some broader geophysics, geochemistry and get the context much more importantly and beneficially to the more focused exploration."
The expansion continues as US Gold Corp. (NASDAQ: USAU) just announced this month that it completed the acquisition of the Gold Bar North (GBN) mining claims. US Gold Corp acquired Gold Bar North on June 30, 2017 from Dave Mathewson.
The Gold Bar North Property consists of 49 unpatented lode mining claims in Eureka County, Nevada. The only financial obligation required to maintain these claims are the annual federal and county fees.
GBN is a highly prospective gold exploration property, identified and staked by Dave Mathewson. GBN consists of 49 unpatented lode mining claims situated in Eureka County, Nevada, in Sections 29, 30, 31 and 32, Township 23 North, Range 49 East, and Sections 5 and 6, Township 22 North, Range 49 East, Mount Diablo Base Line and Meridian.
In their recent press release Dave Mathewson, Vice President and Head of Nevada Exploration stated, "I believe that Gold Bar North is an important strategic addition to the Keystone district project. In early 2016, I expanded the Gold Bar North holding from the original 19 core claims that I held to a total of 49 claims which now more completely cover the Gold Bar North gravity and magnetic high and associated permissive carbonate horst. Gold Bar North (GBN) is clearly on line with the Gold Bar and Mill Site gold deposits located within the permissive carbonate Gold Bar horst farther to the south. The Gold Bar deposit was composed of 3.95Mt at a grade of 2.95 g/t with a 1.5-to-1 waste-to-ore strip and 90 percent gold recovery in an oxide CIL mill. Gold Bar was mined out by Atlas Corp. from 1987-1992. The geology/stratigraphy of GBN is very similar to that of both Keystone and Gold Bar. I drilled three holes (from 2004 to 2006), and more were drilled (1989-1990) by Newmont's (NEM) (Buckaroo project), and all exhibited interesting alteration characteristics and geochemistry. There is an apparent strong regional structural tie-in of Gold Bar North with both Keystone and Gold Bar. The Gold Bar district is highly prospective with McEwen Mining's (MUX - NYSE) Gold Bar Development Project and Gold Bar South property nearby."
So what is next for this world- class geologist? More land and more gold of course; its a passion in his blood that fills his veins just like the gold in the land he loves to explore.
Hear recent podcast interview with Dave Mathewson: http://www.investorideas.com/CO/USAU/news/2017/06291Podcast-Keystone.asp
About US Gold Corp.
US Gold Corp is a publicly traded U.S. focused gold exploration and development company. US Gold Corp has a portfolio of development and exploration properties. Copper King is located in South East Wyoming and has a historical Preliminary Economic Assessment (PEA) done by Mine Development Associates in 2012 for Strathmore Minerals Corporation. Keystone is an exploration property on the Cortez trend in Nevada, identified and consolidated by Dave Mathewson. For more information about US Gold Corp, please visit www.usgoldcorp.gold
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Disclosure: US Gold Corp. (NASDAQ: USAU) is a paid PR, media and news client effective June 2017 for 2 months
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