Business
U.S. Gold Corp. Provides Update on Exploration Potential at the Keystone Project on Nevada's Cortez Trend
Hyperspectral study focused on discovery of near-surface hydrothermal alteration marks a significant achievement; investigation of further high priority
About this update from U.s. Gold Corp.
[{"type":"text","content":"Hyperspectral study focused on discovery of near-surface hydrothermal alteration marks a significant achievement; investigation of further high priority targets has commenced with surface field investigations.U.S. Gold Corp. permitted to drill up to 38,200 feet (11,600 meters) in up to 22 holes, continues to refine priority targets that have seen little or no historical drilling.CHEYENNE, Wyo., Sept. 12, 2023 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the \"Company\"), a gold exploration and development company, is pleased to announce the completion of a hyperspectral study of its 20-square mile Keystone project, located in Nevada's Cortez Trend. This program has yielded the discovery of multiple high priority targets requiring further investigation adding to the targets identified from prior work. A drilling exploration program within the permitted Plan of Operations is pending and follows up on encouraging results from the 2019 drilling. Currently the company prioritizes its permitting and development at the CK Gold Project, remaining committed to exploration pursuing Carlin-type and gold-silver skarn deposits in a variety of settings within the broader Keystone land package enhanced by the hyperspectral data.\nIn addressing the company's strategy related to exploration, Kevin Francis, U.S. Gold Corp.'s Vice President of Exploration and Technical Services said, \"While we've concentrated our focus and resources towards securing permits and developing our CK Gold Project in Wyoming, we remain mindful of the tremendous opportunity that we hold in our exploration portfolio. With the CK Project approaching a permit approval decision early next year, we have time to turn some of our attention toward exploration, particularly in Nevada. Conducting remote hyperspectral studies has not only confirmed our views about the opportunities at existing target areas but serves to add targets that would otherwise be difficult to seek out on our extensive 20-square mile land package. We have a surface investigation ongoing to follow up on the remote sensing analysis. Confirmation between the surface investigation and the hyperspectral study will contribute to further refinement of high priority drill targets which may advance toward discovery.\"\nFor further details on the Keystone Exploration Project, please visit the company's website. \...