ELKO, Nev., Dec. 12, 2017 /PRNewswire/ -- U.S.
Gold Corp. (NASDAQ: USAU) today is pleased to provide an update of
its Fall 2017 drilling programs at Keystone, Gold Bar North and
Copper King.
U.S. Gold Corp. completed a one-hole scout drill program at its
Gold Bar North property. The hole was drilled to 1810 feet
(552 meters). Samples have been sent to BV Labs in
Elko, Nevada and assays are
pending.
A seven-hole, 10,740 feet (3,274 meters) scout drill program has
been completed at Keystone. Drill holes were widely spaced
throughout the Keystone property to provide an initial scout test
of several zones of interest. All seven holes have now been
completed and samples have been sent to BV Labs in Elko, Nevada for assays.
A 4-hole, 3,945 feet (1,202 meters) exploratory drill program
has been completed at Copper King in Wyoming. Assays are
pending with BV Labs in Elko,
Nevada.
Dave Mathewson, Vice President
and Head of Exploration commented, "We are pleased to announce the
completion of our 2017 Fall drilling programs; drilling went well,
and we had visual encouragement in several holes. Our
intention was to advance our exploration programs through this
additional scout drilling. We anxiously await the results of
all of the assays and will release these as soon as we receive
them, which is anticipated to be mid to late January for all the
holes and assessments."
U.S. Gold Corp. is pleased to announce that it has engaged Mine
Development Associates (MDA) to update the historic Copper King
Preliminary Economic Assessment (PEA). MDA is updating the
PEA for current metals prices and mine input costs. The full
report will be released when finished and internally reviewed.
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly
traded U.S.-focused gold exploration and development company. U.S.
Gold Corp. has a portfolio of development and exploration
properties. Copper King is located in Southeast 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 U.S. Gold Corp., please visit www.usgoldcorp.gold
Safe Harbor
Certain statements in this press
release are forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements may be
identified by the use of forward-looking words such as
"anticipate," "believe," "forecast," "estimated," and "intend,"
among others. These forward-looking statements are based on U.S.
Gold Corp.'s current expectations, and actual results could differ
materially. There are a number of factors that could cause actual
events to differ materially from those indicated by such
forward-looking statements. These factors include, but are not
limited to, risks arising from: changes in the price of gold
and mining industry cost inputs, environmental and regulatory
risks, risks faced by junior companies generally engaged in
exploration activities, and other factors described in the
Company's most recent Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q, and Current Reports on Form 8-K filed with the
Securities and Exchange Commission, which can be reviewed
at www.sec.gov. The Company has based these
forward-looking statements on its current expectations and
assumptions about future events. While management considers these
expectations and assumptions to be reasonable, they are inherently
subject to significant business, economic, competitive, regulatory,
and other risks, contingencies, and uncertainties, most of which
are difficult to predict and many of which are beyond the Company's
control. The Company does not assume any obligations to update any
of these forward-looking statements.
For additional information, please contact:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold
View original
content:http://www.prnewswire.com/news-releases/us-gold-corp-provides-fall-2017-exploration-update-300570191.html
SOURCE U.S. Gold Corp.