U.S. Gold Corp. reports results of the Fall 2017 scout drill hole program on the Keystone Project, Cortez Gold Trend, Nevada

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[{"type":"text","content":"ELKO, Nev., Feb. 13, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today announced completion of the Fall 2017 drilling program and receipt of all certified assay results. The primary purpose of this scout hole program was to obtain more information about important host rock characteristics including, presence, distribution, depth, and the hydrothermal system presence and alteration effects on the rocks. This program was comprised of eight widely-spaced reverse circulation drill holes, including one hole at Gold Bar North.   The eight holes comprise a total of 14,720 feet (4487 m).  Historically, Keystone had not received any systematic, modern day exploration assessments and very little was known about this important district-scale project. Highlights of this program are;  - Drilling has established that Keystone host rocks are the same as, or very similar to, the units that comprise the primary host units within the Cortex District to the north.  In addition, U.S. Gold Corp.'s geological studies have demonstrated the presence of a very complex, early-Tertiary intrusive/extrusive magmatic setting. Prospective host rocks at Keystone include the Horse Canyon, Wenban, and upper Roberts Mountains Formations of Devonian age, and the lower Silurian age Roberts Mountains Formation - comprising a total host unit thickness greater than 2000 feet.  These units are showing to be variably exposed at the surface and, or at generally shallow depths in the District.  - The scout hole program also shows that multiple, Carlin-type gold deposit target settings are present within the twenty square mile area Keystone District, which is entirely controlled by U.S. Gold Corp.  These targets are now being further synthesized using in-house detailed gravity data, ongoing geologic mapping, and new surface geochemistry combined with historic exploration data. - Both core and reverse circulation drilling has been conducted through 2017 to gain better understanding of the host unit characteristics, the prospective depths that gold deposits are likely to occur, and to provide an early-stage, and broad geographic assessment of an apparent very large, Carlin-type, district-scale gold system.  Almost all holes drilled to date have encountered thick zones of anomalous gold and locally very strong associat...

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