U.S. Gold Corp.''s 2019 drilling encounters newly discovered gold system with 76.2m of 0.224 gpt Au, including 25.91m of 0.408 gpt Au, at the Keystone Project, Cortez Trend, Nevada

ID: 1553817
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(PresseBox) - - 2019 drilling program tested several distinct targets within four target areas at Keystone, including the first ever test of the Nina Skarn target area, where the thickest intervals of strong, continuous gold mineralization ever drilled at Keystone have been encountered. The key geological features of the hole indicate it intersected the halo of a large gold system.

- The drilling program also encountered anomalous gold and strong concentrations of pathfinders, with numerous holes intersecting significant gold assay intervals greater than 0.300 gpt (see results tables below), confirming the belief of U.S. Gold Corp. that Keystone is a stand-alone domal district, with the potential for multiple high-grade gold deposits.

U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce results of its 2019 drilling program and receipt of drill-hole assays from the Keystone project, located on Nevada''s Cortez Trend. a Skarn target areas detailed on the following map:

https://www.usgoldcorp.gold/properties/keystone/2019-phase-one-map

Five of the seven holes intersected significant gold assays, highlighted by the Key19-05rc drill hole, the first ever drill-hole test of the Nina Skarn target, a +700m long coincident gold-bismuth-tellurium rock and soil anomaly defined in 2018 by surface sampling. ms at Keystone, with similar potential for the neighboring Cortez Hills district.

https://www.usgoldcorp.gold/properties/keystone/key19-05rc

Of note, anomalous gold mineralization is present throughout the entire thickness of skarn altered Upper and Lower Plate rocks drilled, from surface to 414.5m. ire assay sequence of the Key19-05rc drill hole, including visual metallurgical and cyanide soluble characteristics, is illustrates grade continuity and can be found in the link below (Figure 1: Key19-05rc Gold Assays and Metallurgical Characteristics), along with a cross section of the drill-hole (



The encouraging results support future testing to explore upon the mineralization encountered in Key19-05rc along the +700m Nina Skarn anomaly, with overall additional potential for 2km strike-length along the Walti stock contact. trates these findings and the surface Au-Bi-Te anomalies relative to the Key19-05rc drill hole (Figure 3.).

Figure 1. Key19-05rc Gold Assays and Metallurgical Characteristics

https://www.usgoldcorp.gold/properties/keystone/figure-1

Figure 2. Key19-05rc Cross Section

https://www.usgoldcorp.gold/properties/keystone/figure-2

Figure 3. Gold Skarn Potential Areas of Keystone

https://www.usgoldcorp.gold/properties/keystone/figure-3

Nearly all of the holes drilled encountered moderate to thick intervals of anomalous gold with moderate to locally strong associated pathfinder metals within both Carlin-style and skarn style mineralization.

Ken Coleman, Project Geologist, states: ?Results from our 2019 drilling at Keystone are the best U.S. Gold Corp. has received to date, and the results from Key19-05rc in particular, represent the thickest, most continuous, strongest gold mineralization encountered to date at Keystone. and think we are on to something at Nina Skarn.?

?The upper intercept in Key19-05rc is hosted in the Upper Plate, within the Ordovician Lower Valmy unit and the recently identified and dated Cambrian-Ordovician Comus Formation. e target areas at Keystone.?

Edward Karr, President & CEO states, ?Our entire technical team is tremendously encouraged with the progress we made in our 2019 drill program at Keystone. The clear evidence is that multiple gold-bearing systems are present within the small areas of drilling that have been completed to date within our 20 square mile district. deposits to exist in the Keystone district.?

Additional information for the 2019 Keystone exploration program:

- All holes were drilled by either reverse circulation or diamond core 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.

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.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



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Date: 11/12/2019 - 02:11
Language: English
News-ID 1553817
Character count: 5895
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Firma: Swiss Resource Capital AG
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Stadt: Elko, NV
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