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U.S. Gold Corp. Provides a PFS Update and Surface Sample Results up to 11.9 g/t Gold at the CK Gold Project in Wyoming
Pre-Feasibility Study (PFS) and additional technical studies well underway ELKO, Nev., Nov. 5, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the
About this update from U.s. Gold Corp.
[{"type":"text","content":"Pre-Feasibility Study (PFS) and additional technical studies well underway\n\n\nELKO, Nev., Nov. 5, 2020 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the \"Company\"), a gold exploration and development company, is pleased to provide an update on the Pre-Feasibility Study (PFS) in progress at the CK Gold Project, located just outside of Cheyenne, Wyoming. Field activities have been ongoing since August, 2020. \nSurface Sample Results\nThe attached maps show gold and copper values from a series of 21 surface samples taken at the start of current field season activities. Values shown are plotted on an image along with the outline of the open pit mine limit derived from the Preliminary Economic Assessment completed in 2017 by Mine Development Associates. See the news release dated January 11, 2017 for additional information. The Company anticipates that following drilling in 2017, 2018 and the current 2020 drill program, there will be an updated block model and new pit limit as part of the final PFS report, expected in the first half of 2021. In the attached maps the following symbols relate to the gold and copper grades encountered:\nFigure 1: CK Gold Project - Gold in rock \n\nGold: > 0.3 g/t yellow triangles, > 1 g/t orange triangles, > 3.0 g/t red triangles, > 10.0 g/t magenta triangle\nFigure 2: CK Gold Project - Copper in rock \n\n\nCopper: 0.5 % yellow crosses, > 1.0% orange crosses, > 2.0% red crosses\nTable 1. CK Gold Project Rock Samples\nSample\nType\nAu g/t\nCu %\nKCCK-01\nRock\n2.615\n0.671\nKCCK-02\nRock\n1.057\n0.077\nKCCK-03\nRock\n4.800\n0.146\nKCCK-04\nRock\n6.474\n1.117\nKCCK-05\nRock\n0.617\n0.143\nKCCK-06\nRock\n1.769\n0.195\nKCCK-07\nRock\n0.300\n0.024\nKCCK-08\nRock\n0.729\n0.630\nKCCK-09\nRock\n1.485\n0.141\nKCCK-10\nRock\n7.088\n0.970\nKCCK-11\nRock\n0.863\n0.118\nKCCK-12\nRock\n9.935\n1.378\nKCCK-13\nRock\n2.914\n0.400\nKCCK-14\nRock\n5.808\n0.638\nKCCK-15\nRock\n10.20\n1.459\nKCCK-16\nRock\n2.025\n0.771\nKCCK-17\nRock\n8.814\n2.316\nKCCK-18\nRock\n7.215\n1.211\nKCCK-19\nRock\n11.90\n1.214\nKCCK-20\nRock\n3.841\n0.520\nKCCK-21\nRock\n11.40\n1.943\nSurface samples taken at the CK Gold Project represent samples of interest that may have originated from either surface outcrop, surface erosional float or dump material discarded from an old 80 ft shaft, lateral development or adits into the near surface port...