Business
U.S. Gold Corp. Announces Proposed 2020 Drilling Program at the Keystone Project in Nevada's Cortez Trend
- U.S. Gold Corp. will potentially drill up to 38,200 feet (approx. 11,600 m) in up to 22 holes - This program is designed to assess a number of targets that
About this update from U.s. Gold Corp.
[{"type":"text","content":"- U.S. Gold Corp. will potentially drill up to 38,200 feet (approx. 11,600 m) in up to 22 holes\n - This program is designed to assess a number of targets that have seen little or no historic drilling\n - Identification, qualification, and prioritization of these targets were determined by means of detailed surface geology, geochemistry, geophysics, and recent Vulcan 3D modelling using surface and drill hole geologic information\n\n\nELKO, Nevada, May 20, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the \"Company\"), a gold exploration and development company, is pleased to announce the completion of the proposed 2020 drilling exploration program at its 20 square mile Keystone project, located in Nevada's Cortez Trend. This program will potentially test several drill targets in areas previously untested and is intended to follow up on encouraging results from previous drilling. Upon commencement, drilling is planned to pursue Carlin-type and gold-silver skarn deposits in a variety of settings within the broader Keystone land package. Drilling is intended to commence once appropriate funding is secured.\nKen Coleman, U.S. Gold Corp.'s Project Geologist, states: \"We look forward to assessing these Keystone targets in 2020 upon securing sufficient funding. The work we completed between 2016 and 2019 led to drilling the best hole to date at Keystone that we are aware of in 2019 Key19-05rc, in the Nina Skarn target area. Planned drilling in 2020 is expected to follow up on the gold mineralization encountered at Nina Skarn, as well as at Sophia and Tip Top. Additionally, several previously untested, gold-bearing skarn occurrences are expected to be drill tested, as are Carlin-type targets in the Greenstone Gulch target area.\"\nKen Coleman continues: \"Our entire team is very much looking forward to the commencement of the 2020 Keystone drilling season, pending financing, re-opening of Nevada and BLM approval of cultural surveys. We are waiting for the snow to melt and the property to dry out to allow access. All of us were encouraged with our 2019 drilling results and feel strongly additional exploration efforts are warranted in the select target areas described above. Extensive ongoing analysis has brought us to this point, and we are excited to continue to test Keystone's significant potential. Encountering the strongest, ...