Business
U.S. Gold Corp. Provides Access to its Prefeasibility Study Showing Solid Value in Gold and Copper for its CK Gold Project
Proven and probable mineral reserves cites 1.01 million ounces of gold and 248 million lbs of copper Company receives assessment for a pre-tax NPV of $323
About this update from U.s. Gold Corp.
[{"type":"text","content":"Proven and probable mineral reserves cites 1.01 million ounces of gold and 248 million lbs of copper\n Company receives assessment for a pre-tax NPV of $323 million and IRR of 39.4%\n Management call replay is now available\n\n\nCHEYENNE, Wyo., Dec. 2, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (\"U.S. Gold\" or the \"Company\"), a gold exploration and development company, is providing direct access to its prefeasibility study (\"PFS\") for its CK Gold Project and has published its SK-1300 Technical Report Summary which is available here.\nMr. George Bee, the Company's President, Chief Executive Officer and Chairman, stated \"The PFS assumes $1,625 per gold ounce and $3.25 per pound for copper, based on a weighted average of historic prices and consensus forward looking price (see PFS for a full explanation). With gold and copper prices at the time of writing around $1,800 and $4.25, respectively, the project appears to be very attractive with robust project economics. These metals both continue to trade at materially higher prices than the PFS assumes and if these prices continue on recent trends, they would further positively impact the financial basis of this project. Having recently finished our 2021 field season, we are now well placed to continue onto project feasibility, permit submission and the next steps toward project development in 2022.\"\nA webcast replay of U.S. Gold management's \"Recent and Upcoming Developments\" call on December 1, 2021 is now available here.\nAbout U.S. Gold Corp.\nU.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. Copper King, now the CK Gold Project, is located in Southeast Wyoming. Keystone and Maggie Creek are exploration properties on the Cortez and Carlin Trends in Nevada. The Challis Gold Project is located in Idaho. For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold.\nSafe Harbor\nCertain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as \"anticipate,\" \"believe,\" \"forecast,\" \"estimated,\" and \"intend,\" among others. Forward-looking statements include all mineral resource and mineral reser...