Business
U.S. Gold Corp. Receives Bureau of Land Management Approval and Furthers its 2021 Keystone Exploration Program in Nevada's Cortez Trend
- Summer exploration program will be designed to assess a number of targets that have seen little or no historic drilling - Potential joint-venture partners
About this update from U.s. Gold Corp.
[{"type":"text","content":"- Summer exploration program will be designed to assess a number of targets that have seen little or no historic drilling\n- Potential joint-venture partners have expressed interest in Keystone\n- Identification, qualification, and prioritization of the targets is ongoing by means of detailed surface geology, geochemistry, geophysics, and Leapfrog 3D modeling using surface and drill hole geologic information\n ELKO, Nev., May 19, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the \"Company\"), a gold exploration and development company, reported that it has received confirmation from the Bureau of Land Management (BLM) that it accepted additional bonding for a further 50 acres of disturbance under its effective Plan of Operations (POO), and as a result is pleased to announce an update for its potential 2021 summer 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 preliminary results from previous years' drilling. Upon commencement, exploration is planned to pursue Carlin-type gold deposits in a variety of settings within the broader Keystone land package. \nThis additional 50 acres will allow access to several areas of the project that were not accessible in past exploration programs. The Keystone project consists of mountainous terrain which was snow covered until last week making it prohibitive to access the property. The Company plans to clean up the access roads to gain safe entry. \nU.S. Gold Corp. has received initial interest in the Keystone project from a variety of industry participants. The Company has set up an internal data room with detailed technical information that interested parties can access after signing a confidentiality agreement. As soon as access is possible throughout the project, further due diligence site visits will be conducted. Potential joint ventures and opportunities will continually be assessed by senior management and the board to try and maximize the exploration potential of this project. \nKen Coleman, U.S. Gold Corp.'s Chief Geologist, stated: \"We look forward to accessing the property and assessing our Keystone targets in the summer of 2021. The work we have completed since 2016 has led to drilling the best hole ...