U.S. Gold Corp.''s 2018 drilling campaign continues to advance the Keystone Project, Cortez Gold Trend, Nevada
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- 2018 drilling, comprised of a total of fifteen holes, and was conducted in two phases
- Phase 1 drilling provided ?scout? drill tests within several broad new target areas and was limited due to permitting constraints
- Phase 2 drilling began in early November (upon approval of the district-wide Environmental Assessment and Plan of Operations) and provided a first test to several drill targets in areas previously inaccessible due to permitting limitations
- Numerous holes intersected significant gold assay intervals (see results table below)
U.S. Gold Corp. (NASDAQ: USAU - http://www.commodity-tv.net/c/search_adv/?v=298164) today is pleased to announce results of its 2018 drilling program and receipt of all the assay results from the 20 square mile, Keystone project, in Nevada''s Cortez Trend. This program was comprised of fifteen widely-spaced, reverse circulation target assessment holes, including two holes lost prematurely: Key 18-06rc & 18-12rc, and one re-drill of a lost hole, occupying the same site: Key18-10rc and 18-11rc. All holes were drilled into several large target zones and generally served as first-pass target assessment tests.ovided in the results table (see link below: Table 1: Summary of 2018 Keystone drill results).
Nine of the fifteen holes intersected lower-plate rock units; five of these holes penetrated the permissive host Wenban Formation. Eight holes encountered variably altered permissive upper-plate Comus calcareous siltstone.
Dave Mathewson, VP of Exploration, states: ?Drilling at Keystone continues to show us that all of the right ingredients are present for big, Carlin-type, gold deposits.e conducted a considerable amount of fill-in gravity to tighten up identification and qualification of structures and alteration features, and we infilled and added soils and rock assaying to assist in zeroing in on new and existing target opportunities. In addition, with the previously announced Master?s Thesis information we are now able to make important qualifications of the intrusive rocks and especially those that we consider spatially and timing-wise important to target opportunities. ?
?Only recently, specifically, September 2018, did we obtain the ability to conduct drilling anywhere desirable on the property.
Mathewson further states ?With all the new information in hand, the exploration team is now in the process of, and in the position to zero in on the many site-specific target opportunities that have emerged from drilling that we have conducted to date, combined with the recently obtained and assessed geophysical and geochemical data.es a vectoring process of drilling holes into these structural gold-bearing conduits and locating more specifically where the conduits cross-cut permissive host rocks.?
?The delay in our permitting caused a late start to our phase 2 drilling program.
Highlights of the 2018 Keystone exploration program are:
- The Keystone District is located along the southeast extension of the Pipeline-Cortez District corridor as confirmed by the presence of an early-Tertiary complex intrusive center, widespread gold and pathfinder metal distribution, the presence of permissive host rocks of both upper- and lower-plate Paleozoic transitional carbonate rocks, the presence of a strong north-northwest-trending gravity and magnetic linear, and the spatially coincident Strontium 86/87 (.706) data generally considered to be indicative of probable source of gold along a major right-lateral north-northwest-trending suture within Proterozoic and, or Archean oceanic crustal rocks below the Paleozoic transitional host rock package.
- Multiple, Carlin-type gold deposit target settings are present within the twenty square mile area Keystone District, which is entirely controlled by U.S. Gold Corp.romagnetics, detailed gravity, detailed geologic mapping, and abundant new surface geochemistry.
- Prospective host rocks for gold mineralization at Keystone include upper-plate Cambrian Comus Formation, comprised largely of calcareous siltstones very similar to Comus host rocks in the Getchell and Twin Creeks District to the northwest, and the lower-plate Horse Canyon, Wenban, and upper Roberts Mountains Formations of Devonian age, and the Silurian age Roberts Mountains Formation.ary intrusive/extrusive magmatic setting of very similar character and ages to those in the Cortez District just to the north.
- 2018 drilling, comprising a total of fifteen holes, was conducted in two phases, see attached map. Land Management (BLM) approval of the district-wide Environmental Assessment (EA) and Plan of Operations (POO).
- All fifteen holes were drilled by reverse circulation methods and sampling was conducted under the supervision of the Company?s Project Geologist, Kenneth Coleman, and generally assayed each five-foot interval split using Bureau Veritas Mineral Laboratories pulp preparation facility in Elko, NV.he analytical results included a statistical analysis of the standards and blanks that must pass parameters of acceptance.
Edward Karr, President & CEO states, ?Our exploration efforts at Keystone continue to exceed our expectations from the viewpoint of the intensity of alteration within a massive thick zone of permissive host rocks akin to the world class Cortez Hills project near-by.
http://usgoldcorp.gold/keystone-drill-results-2018.pdf
Table 1: Summary of 2018 Keystone drill results
http://usgoldcorp.gold/keystone-drill-plan-map-2018.jpg
Map 1: Keystone drill plan map for 2018
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 Keystone drill hole analysis, plans for multiple stage drill hole follow-ups, expectations for a Carlin-type gold deposit and plans for further exploration.www.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.
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
- 2018 drilling, comprised of a total of fifteen holes, and was conducted in two phases
- Phase 1 drilling provided ?scout? drill tests within several broad new target areas and was limited due to permitting constraints
- Phase 2 drilling began in early November (upon approval of the district-wide Environmental Assessment and Plan of Operations) and provided a first test to several drill targets in areas previously inaccessible due to permitting limitations
- Numerous holes intersected significant gold assay intervals (see results table below)
U.S. Gold Corp. (NASDAQ: USAU - http://www.commodity-tv.net/c/search_adv/?v=298164) today is pleased to announce results of its 2018 drilling program and receipt of all the assay results from the 20 square mile, Keystone project, in Nevada''s Cortez Trend. This program was comprised of fifteen widely-spaced, reverse circulation target assessment holes, including two holes lost prematurely: Key 18-06rc & 18-12rc, and one re-drill of a lost hole, occupying the same site: Key18-10rc and 18-11rc. All holes were drilled into several large target zones and generally served as first-pass target assessment tests.ovided in the results table (see link below: Table 1: Summary of 2018 Keystone drill results).
Nine of the fifteen holes intersected lower-plate rock units; five of these holes penetrated the permissive host Wenban Formation. Eight holes encountered variably altered permissive upper-plate Comus calcareous siltstone.
Dave Mathewson, VP of Exploration, states: ?Drilling at Keystone continues to show us that all of the right ingredients are present for big, Carlin-type, gold deposits.e conducted a considerable amount of fill-in gravity to tighten up identification and qualification of structures and alteration features, and we infilled and added soils and rock assaying to assist in zeroing in on new and existing target opportunities. In addition, with the previously announced Master?s Thesis information we are now able to make important qualifications of the intrusive rocks and especially those that we consider spatially and timing-wise important to target opportunities. ?
?Only recently, specifically, September 2018, did we obtain the ability to conduct drilling anywhere desirable on the property.
Mathewson further states ?With all the new information in hand, the exploration team is now in the process of, and in the position to zero in on the many site-specific target opportunities that have emerged from drilling that we have conducted to date, combined with the recently obtained and assessed geophysical and geochemical data.es a vectoring process of drilling holes into these structural gold-bearing conduits and locating more specifically where the conduits cross-cut permissive host rocks.?
?The delay in our permitting caused a late start to our phase 2 drilling program.waiting the start of the 2019 drilling season.
Highlights of the 2018 Keystone exploration program are:
- The Keystone District is located along the southeast extension of the Pipeline-Cortez District corridor as confirmed by the presence of an early-Tertiary complex intrusive center, widespread gold and pathfinder metal distribution, the presence of permissive host rocks of both upper- and lower-plate Paleozoic transitional carbonate rocks, the presence of a strong north-northwest-trending gravity and magnetic linear, and the spatially coincident Strontium 86/87 (.706) data generally considered to be indicative of probable source of gold along a major right-lateral north-northwest-trending suture within Proterozoic and, or Archean oceanic crustal rocks below the Paleozoic transitional host rock package.
- Multiple, Carlin-type gold deposit target settings are present within the twenty square mile area Keystone District, which is entirely controlled by U.S. Gold Corp.lends significantly toward new target synthetization and direction.
- Prospective host rocks for gold mineralization at Keystone include upper-plate Cambrian Comus Formation, comprised largely of calcareous siltstones very similar to Comus host rocks in the Getchell and Twin Creeks District to the northwest, and the lower-plate Horse Canyon, Wenban, and upper Roberts Mountains Formations of Devonian age, and the Silurian age Roberts Mountains Formation.ary intrusive/extrusive magmatic setting of very similar character and ages to those in the Cortez District just to the north.
- 2018 drilling, comprising a total of fifteen holes, was conducted in two phases, see attached map. Land Management (BLM) approval of the district-wide Environmental Assessment (EA) and Plan of Operations (POO).
- All fifteen holes were drilled by reverse circulation methods and sampling was conducted under the supervision of the Company?s Project Geologist, Kenneth Coleman, and generally assayed each five-foot interval split using Bureau Veritas Mineral Laboratories pulp preparation facility in Elko, NV.absorption spectroscopy (AAS) finish on a 30-gram pulp split.
Edward Karr, President & CEO states, ?Our exploration efforts at Keystone continue to exceed our expectations from the viewpoint of the intensity of alteration within a massive thick zone of permissive host rocks akin to the world class Cortez Hills project near-by.
http://usgoldcorp.gold/keystone-drill-results-2018.pdf
Table 1: Summary of 2018 Keystone drill results
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 Keystone drill hole analysis, plans for multiple stage drill hole follow-ups, expectations for a Carlin-type gold deposit and plans for further exploration.www.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.
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
www.resource-capital.ch
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Datum: 06.03.2019 - 10:01 Uhr
Sprache: Deutsch
News-ID 1547422
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