U.S. Gold Corp. Completes Additional District-wide Geochemical Surveys on the Keystone Project, Cortez Gold Trend, Nevada
(PresseBox) - Comprehensive surface geochemical surveys, combined with previous and additional geophysics, and scout drilling, identifies several new target opportunities and provides additional definition on previously identified target opportunities.
U.S. Gold Corp. (NASDAQ: USAU ? https://www.commodity-tv.net/c/search_adv/?v=298829 ), a gold exploration and development company, today is pleased to announce the completion and compilation of additional district-wide geochemical surveys on the Keystone project.cess for drilling.
Highlights of these geochemical surveys include:
- U.S. Gold Corp. has significantly added to the blanket geochemical sample surveys covering the 20-square-mile Keystone district project area.
- The primary designed purpose of the multifaceted 2018 geochemical surveys was to follow-up on existing anomalies and provide more definition to prior geochemical surveys in order to identify and define site-specific gold targets to be drill tested in 2019.
- The highly anomalous geochemical levels and widespread distribution of metals being sought, in particular gold, along with associated pathfinder metals, clearly demonstrate the presence of a very large, robust gold-bearing, district-wide, multi-metallic hydrothermal system at Keystone.
- All age/gold system timing data indicate that the Keystone hydrothermal system is early Tertiary in origin and similar to those that host the major Carlin-type gold deposits in Nevada.ge dates of 35.70 +/- 0.14Ma to 35.31 +/-0.37Ma from the Cortez Hills gold deposit to the northwest of Keystone (ref. Arbonies, DG, Creel, KD, and Jackson, ML, 2010, Geol. Soc. of NV Symp. Vol., p.457).
Up to this point, most Keystone project drilling was considered to be ?scout drilling? conducted to obtain: 1) critical information related to host rock characteristics, 2) locations of specific host horizons within the approximately 3000-foot-thick prospective host rock package, and 3) Carlin gold deposit-type characteristics and also to provide broad important gold system information.erall metal distribution is much larger than originally conceived.
Late 2016 through most of 2018 drilling was limited to access permitted through five individual 5-acre NOIs (Notices of Intent). This areal disturbance limitation disallowed access to many of the targets that evolved through ongoing target synthetizations obtained from merging of all the various data sets.
The current geochemical data can be accessed and viewed through the following link: http://usgoldcorp.gold/keystone-geochem-march-2019.pdf
Sixteen individual district-wide maps are provided; these maps individually exhibit the eight elements of Gold, Silver, Arsenic, Antimony, Mercury, Copper, Molybdenum and Zinc.
Bureau Veritas Minerals (BV Labs) in Reno, Nevada) was utilized for the analyses of all new data. Historic soil and rock data were carefully vetted, and mostly accepted and incorporated into the maps.
Dave Mathewson, Vice President of Exploration for U.S. Gold Corp., states, "The geochemical data we have accumulated at Keystone demonstrate that we are potentially dealing with a very large, and complex, Carlin deposit-type system.
?To date we have encountered Carlin deposit-type alteration and geochemical expressions, with local economic levels of gold in many of the holes we have drilled, but we continue to seek the all-important high-grade gold zones and thicknesses that comprise potential economic deposits within this broad Carlin- type gold system. The central and high-grade portions of Carlin-type gold deposits tend to be rather laterally small, steeply dipping, and tightly confined, proximal to feeder structures.cias with associated and hydrothermal styles of alteration, including silicification, argillization, and sulfidation; multiple types and styles of system-related dikes and sills; and local, very strong pathfinder elements, including the presence of locally abundant arsenopyrite, realgar, and orpimeniterative site-specific drilling as soon as access conditions allow.?
Edward Karr, President and CEO of U.S. Gold Corp., stated, "We are very encouraged with the Keystone exploration results to date. Exploration is an ongoing process, and our entire technical team has been involved in a highly systematic approach. This is the first time in the history of the Keystone district that one company has controlled such a large land position and applied a methodical, data-driven exploration process.
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, which was completed 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. 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 the accuracy of the compilation of the district-wide geochemical surveys on the Keystone project, expectations for a Carlin-type gold deposit, plans for further exploration, whether or not U.S. Gold Corp. will be able to raise capital to complete planned exploration programs; prevailing market conditions; and the impact of general economic industry or political conditions in the United States or globally. A list and description of these and other risk factors can be found in the Company''s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-Kwww.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.
INVESTOR 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: 14.03.2019 - 02:23 Uhr
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