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U.S. Gold Corp.'s 2018 Drilling Campaign Continues to Advance the Keystone Project, Cortez Gold Trend, Nevada
2018 drilling, comprised of a total of fifteen holes, and was conducted in two phases Phase 1 drilling provided "scout" drill tests within several broad new tar
About this update from U.s. Gold Corp.
[{"type":"text","content":" 2018 drilling, comprised of a total of fifteen holes, and was conducted in two phases Phase 1 drilling provided \"scout\" drill tests within several broad new target areas and was limited due to permitting constraints Phase 2 drilling began in early November (upon approval of the district-wide Environmental Assessment and Plan of Operations) and provided a first test to several drill targets in areas previously inaccessible due to permitting limitations Numerous holes intersected significant gold assay intervals (see results table below) ELKO, Nevada, March 6, 2019 /CNW/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce results of its 2018 drilling program and receipt of all the assay results from the 20 square mile, Keystone project, in Nevada's Cortez Trend. This program was comprised of fifteen widely-spaced, reverse circulation target assessment holes, including two holes lost prematurely: Key 18-06rc & 18-12rc, and one re-drill of a lost hole, occupying the same site: Key18-10rc and 18-11rc. All holes were drilled into several large target zones and generally served as first-pass target assessment tests. The fifteen holes comprise a total of 25,310 feet (7,714 m). All of the holes encountered moderate to thick intervals of anomalous gold with moderate to locally very strong associated pathfinder metals. Many of these also intersected significant gold assay intervals; the results of which are provided in the results table (see link below: Table 1: Summary of 2018 Keystone drill results). Nine of the fifteen holes intersected lower-plate rock units; five of these holes penetrated the permissive host Wenban Formation. Eight holes encountered variably altered permissive upper-plate Comus calcareous siltstone. Multiple target horizons exist in the district and we are encountering, and having to contend with, the daunting issue of very great combined thickness of multiple favorable target horizons along with a broad, multi-structure corridor. The total prospective host unit thicknesses at Keystone are several thousand feet. These favorable rock units are variably exposed at the surface and, or at reasonably shallow drill hole depths in the district. Carlin-style zones of alteration with containing gold and pathfinders are very widespread and are present in all locations drilled to da...