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U.S. Gold Corp. Announces Plans for 2021 Summer Field Season Program at the CK Gold Project in Southeast Wyoming
- CK Gold Project Pre-Feasibility Study remains on track for a mid-year release - The program will be designed to assess complete information necessary to
About this update from U.s. Gold Corp.
[{"type":"text","content":"- CK Gold Project Pre-Feasibility Study remains on track for a mid-year release\n - The program will be designed to assess complete information necessary to work toward a Feasibility Study by the end of 2021 or early 2022\n - PFS mine planning, metallurgical testing, process design, hydrological, geotechnical, environmental studies and social outreach are ongoing\n\n\nCHEYENNE, Wyo., May 4, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the \"Company\"), a gold exploration and development company, is pleased to announce its potential 2021 summer field season program at its CK Gold Project, located in southeast Wyoming. This program intends to fill any remaining gaps identified in the coming Pre-Feasibility study (PFS) program due mid-year and lead to the Feasibility Study (FS) for the project, expected toward the end of the year or early 2022. \nThe studies in progress for the PFS have expanded the Company's understanding of the project and the program will be aimed at a number of areas where a planned second phase of data collection will be necessary to finalize a project FS toward the end of 2021. In the case of geotechnical work for mine slope stability, and hydrology to assure an understanding of the groundwater behavior during mining, drilling is necessary to fill data gaps and confirm assumptions put forth in the PFS. Advances in the studies to date reveal the detailed scope and precise needs for the follow-up work leading to the FS, following normal course for project development.\nWhile ongoing metallurgical testing on sample extracted from the prior field season continues to support and further develop the initial findings for recovery of gold, copper and silver from the project, further testing to ensure those assumptions for recoveries are consistent across the deposit (variability testing) will be continued beyond the mid-year PFS on sample already extracted, supporting the FS.\nAs a consequence of the detailed geological studies, relogging of historic core, optical down-the-hole televiewer data and field mapping, the understanding of the CK Gold Project resource has improved dramatically. A new resource should eliminate smearing of metal grades across hard geologic boundaries, incorporate new drill data and apply rigorous best-practice standards to the resource estimates that are then used in the mine planning...