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U.S. Gold Corp. Announces Drilling Results from the CK Gold Project and a Visit by Distinguished Geologist Dr. Richard Sillitoe
Completed assaying of 2021 drilling program continues to confirm gold and copper mineralization beyond the current resource estimate Company remains on track
About this update from U.s. Gold Corp.
[{"type":"text","content":"Completed assaying of 2021 drilling program continues to confirm gold and copper mineralization beyond the current resource estimate\nCompany remains on track to complete the next development steps for the CK Gold Project and submit Permit to Mine application to Wyoming DEQ during 3rd quarter 2022\nCHEYENNE, Wyo., July 12, 2022 /PRNewswire/ -- U.S. Gold Corp. (\"U.S. Gold,\" the \"Company,\" \"we,\" \"our\" or \"us\") (NASDAQ: USAU) is pleased to report that it has received assays for the last three holes of its CK Gold Project (the \"Project\") 2021 drilling program. The Company continues to be encouraged by the positive results from its confirmatory and expansion drilling. Additionally, in June 2022, internationally acclaimed geologist Dr. Richard Sillitoe reviewed the core, consulted with Company geologists and conducted a site visit of the Project. Following the visit, Dr. Sillitoe confirmed that the gold-copper mineralization is of porphyry type and may have expansion opportunities at depth, to the southeast and in other, yet to be discovered, porphyry intrusions since deposits of this type can occur in clusters.\nIn commenting on these latest assay results and Dr. Sillitoe's visit, Kevin Francis, V.P. Exploration and Technical Services of U.S. Gold, said, \"The primary purpose of the 2021 drilling program was to support feasibility study level hydrology and geotechnical studies. The three holes reported, CK21-04c, CK21-05c and CK21-08c, were primarily hydrology holes. CK21-04c confirms results of additional 2021 drilling which intercepted future mineral resource expansion potential immediately south and below the proposed open pit. While we know that there are additional mineral resources requiring further exploration expenditures, our priority is to realize the value of the commercially attractive gold-copper project identified in our prefeasibility study, published December 1, 2021. We continue to advance the permit to mine application, which will be led by Wyoming's Department of Environmental Quality (\"DEQ\"). We were honored to host Dr. Sillitoe at the Project. His keen observations and recommendations have resulted in an improved understanding of the Project geology and ideas for new discoveries.\"\n2021 Drilling Program Results\nThe Company is reporting results from 3 core holes completed during the 2021 drilling p...