U.S. Gold Corp. Announces New Datamine Exploration Model for the Copper King Deposit Shows Additional Exploration Upside Potential
(PresseBox) - U.S. Gold Corp. (NASDAQ: USAU - http://www.commodity-tv.net/c/search_adv/?v=298164) is pleased to announce that Datamine of Denver, CO, has recently completed a comprehensive drill hole analysis of U.S. Gold Corp.?s Copper King gold-copper-silver-zinc deposit, located in Southeast Wyoming.
The Datamine study was designed to:
Organize the entire drill hole database for three-dimensional modeling purposes and importantly to include all the potential economic metals, not just gold and copper as previously modeled
Provide detailed statistical analyses for informative and strategic interpretations
To provide wireframe, closed, shapes and grade shells for the deposit
And, most importantly, provide indications, if any, for locations of additional discovery
The Datamine model shows that the deposit remains open to the southwest and also to the southeast and appears to have a curved configuration as opposed to a more confined, previous west-northwestward tabular configuration.
A Preliminary Economic Assessment (PEA) for the historic Copper King deposit was conducted by Mine Development Associates (MDA) and reported January 11, 2018.alues of other metals inherent to the deposit, including zinc and silver. Datamine?s exploration model does include the 2018 drilling conducted by U.S. Gold Corp. The Datamine exploration model also illustrates various isoshells for gold, copper, silver and zinc (see link below).
Dave Mathewson, Vice President of Exploration for U.S. Gold Corp., stated, ?We are very pleased with the exploration model Datamine has produced. We are going to utilize this new, updated digital exploration model to assist us with a future drilling program that we believe is a high-probability opportunity to discover additional prospective ore extensions.velop our 2019 additional exploration programs based upon these results. We are also currently re-examining all existing regional exploration data for the purpose of identifying additional new target opportunities in the vicinity of Copper King.?
U.S. Gold Corp. has recently updated the Copper King project section of our website to host several of the newly created Datamine visuals.https://www.usgoldcorp.gold/properties/copper-king/datamine
Included in this new section are:
A Datamine presentation on the newly generated Copper King exploration model and associated statistics
Isoshell deposit outlines for gold, copper, silver and zinc mineralization
3-dimensional (3D) deposit representations
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 Preliminary Economic Assessment (PEA) technical report, done by Mine Development Associates. www.usgoldcorp.gold.
Forward looking and cautionary statements
Forward-looking statements in this press release and all other statements that are not historical facts, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements, including statements related to the results of the Datamine comprehensive drill hole analysis, the additional mineralization and expansion of the deposit to the west and southwest, the potential increase of the overall metal endowment of the project, and the use of updated digital exploration model to assist in identifying deposit extensions and high-grade target zones. ation model accurately indicates actual mineralization; whether strategic interpretation will provide accurate indications for additional discovery; whether U.S. Gold Corp. will be able to raise capital to implement future drilling programs; the prevailing market conditions for metal prices; changeswww.sec.gov.. We make no representation or warranty that the information contained herein is complete and accurate and we have no duty to correct or update any information contained herein.
Cautionary Note to U.S. Investors Concerning Mineral Resources
We may use certain terms on this press release, which are defined in Canadian Institute of Metallurgy guidelines, the guidelines widely followed to comply with Canadian National Instrument 43?101?? Standards of Disclosure for Mineral Projects ("NI 43?101")."SEC"). "reserves" by SEC standards as in place tonnage and grade without reference to unit measures. the preliminary assessment will be realized.
For additional information, please contact:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
ir(at)usgoldcorp.gold
www.usgoldcorp.gold
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch
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Datum: 21.02.2019 - 08:45 Uhr
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News-ID 1546976
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