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U.S. Gold Corp. Commences 2019 Exploration Drill Program at Its Keystone Project on the Cortez Gold Trend, Nevada
ELKO, Nevada, July 30, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce that it has
About this update from U.s. Gold Corp.
[{"type":"text","content":"ELKO, Nevada, July 30, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce that it has commenced the first phase of its previously announced targeted drilling program at its Keystone project on the Cortez Trend, Nevada.\nThis exploration drilling program is expected to consist of an initial phase of 9 reverse circulation (RC) holes and 1 core hole for a total of approximately 20,000 feet (6,400 meters). The first phase will focus on specific targets identified through detailed geology, geochemistry, geophysics and drilling throughout the 650 lode claims covering 20 square miles of mineral rights.\nDrilling targets identified through comprehensive technical studies and mapping are described in reports previously released and available on the U.S. Gold Corp. website. All permits have been obtained, including Bureau of Land Management approvals. The phase one program is expected to take approximately two months. Phase one drilling will focus on the Sophia, Tip Top and Nina Skarn target areas as previously detailed on the following map:\nwww.usgoldcorp.gold/2019-keystone-drilling\nCore and chip samples are expected to be assayed, and the results released once they have been analyzed and interpreted. A second phase drilling campaign, building on the results of this first phase program, is planned for later in the year. \nKen Coleman, U.S. Gold Corp.'s Keystone Project Geologist states, \"Our summer 2019 phase one Keystone program is the beginning of our important target and gold deposit discovery stage in the Keystone exploration program. We have started our 2019 summer exploration efforts with a core hole to follow up on the encouraging results of hole Key18-09rc drilled in the Sophia target area last autumn. Our team has been in the process of locating, qualifying and prioritizing site-specific, drill-hole target opportunities within the target encompassing areas that we have previously identified. We are now seeking the all-important high-grade gold zones that comprise potential economic deposits within this broad district-scale Carlin-style gold system. The economically important core portions of gold deposits tend to be rather small and tightly size-restricted targets, generally proximal to, and within feeder structures or their intersections. We realized early ...