Business
U.S. GOLDMINING MOBILIZES FIELD TEAMS TO EXECUTE ON 2023 EXPLORATION PROGRAM AT WHISTLER GOLD-COPPER PROJECT, ALASKA
VANCOUVER, BC, May 30, 2023 /PRNewswire/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") is pleased to announce that following the
About this update from U.s. Goldmining Inc.
[{"type":"text","content":"VANCOUVER, BC, May 30, 2023 /PRNewswire/ - U.S. GoldMining Inc. (NASDAQ: USGO) (\"U.S. GoldMining\" or the \"Company\") is pleased to announce that following the successful completion of its initial public offering in April 2023 which raised US$20 million (the \"IPO\"), the Company has approved its 2023 exploration program and budget. The Company has started executing its plans to unlock the value of the Company's Whistler gold-copper project (\"Whistler\") in Alaska, USA and has mobilized field teams to commence exploration activities.\nHighlights:Phase 1 of the Company's inaugural exploration program has commenced with field crews undertaking rehabilitation work on the existing Whistler camp which will enable the commencement of core drilling, mine engineering and environmental baseline studies later in the 2023 summer field season.The Company's board of directors has approved a budget to commence and execute Phase 1 of a two-year exploration program, including core drilling of up to 10,000 meters at the Whistler project.The Company is fully permitted to commence exploration activities at Whistler following the receipt of permits in September 2022 from the Alaska Department of Natural Resources, and the exploration program is fully funded following the recently completed IPO. U.S. GoldMining is committed to responsible exploration and mining practices and strives to make investments that support the local economy, environmental sustainability and social responsibility.Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: \"US GoldMining is now fully funded and permitted to start our inaugural exploration program at Whistler. We have engaged leaders in the industry with significant local knowledge to execute our exploration plans and we are excited to commence the Phase 1 program. With several exploration targets already identified, we are eager to get to work and drive forward the rediscovery of Whistler.\"\nThe Whistler camp contains the essential infrastructure and equipment required to re-start exploration this coming summer. The camp is located adjacent to the fully operational Whiskey Bravo Airstrip and just 6 kilometers from the Whistler gold-copper deposit via an existing access road. Renovation of the existing camp and construction of additional facilities to support operational requirements is expected to ...