U.S. Gold Corp. Announces Acquisition of Orevada Metals, Inc.
Transformative transaction brings 2nd promising NV exploration project to USAU
(PresseBox) - U.S. Gold Corp. (NASDAQ: USAU - https://www.commodity-tv.net/c/search_adv/?v=298868) is pleased to announce it has closed the acquisition of Orevada Metals, Inc. (?Orevada Metals?) in an all share transaction.
The acquisition of Orevada and the option to acquire the Maggie Creek Project, gives U.S. Gold Corp. its second promising exploration project in Nevada, on the Carlin Trend. The Maggie Creek Project is located in the heart of the Carlin Trend, immediately adjacent to Newmont Mining?s (NYSE: NEM) 26-million-ounce Gold Quarry mine.
www.usgoldcorp.gold/maggie-creek
Established in 2018 by leaders in the mining industry,
Edward Karr comments, ?This is a strategic acquisition for U.S. Gold Corp.; creating a leading exploration company focused on the discovery of Carlin style deposits.
Drilling will initially test mineralized gold horizons that are projected to down dip into district-scale structures.
www.usgoldcorp.gold/lynn-carlin-window
Further updates about the Maggie Creek acquisition will be forthcoming.
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly traded U.S.-focused gold exploration company. U.S. Gold Corp. has a portfolio of 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
Safe Harbor
Certain statements in this shareholder letter 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 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 prevailing market conditions for metal prices and mining industry cost inputs, environmental and regulatory risks, risks faced by junior companies generally engaged in exploration activities, whether U.S. Gold Corp. will be able to raise sufficient capital to implement future exploration programs, 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-Kwww.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 makes 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, except as required by applicable securities laws.
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Datum: 12.09.2019 - 01:55 Uhr
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News-ID 1552117
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