U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Investor Presentation (December 2017)
56 slides from U.s. Gold's investor presentation, Dec 7, 2017
Slide 1: U.S. focused gold exploration and development company
U.S. focused gold exploration and development company advancing high potential projects in Nevada and \ U.S. GOLD | Wyoming CORP USAU - NASDAQ December 2017
Slide 2: Forward Looking Statements
Forward Looking Statements TERMS OF USE AND DISCLAIMER - This presentation is being provided for the sole purpose of providing the recipients with background information about US. Gold Corp (“US. Gold”). U.S. Gold has made reasonable efforts to ensure that the information contained in this presentat
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Slide 5: U.S. Gold Corp Overview
U.S. Gold Corp Overview Listed on NASDAQ as USAU June, 2017 Advancing high potential projects with the seasoned team to execute Exploration Asset Near Term Production Potential Keystone Project - NV Copper King Project - WY + North Central NV located property next to some * Advanced Exploration and
Slide 6: Project Location/Overview
Keystone Project Location/Overview “+ Keystone Gold District is located in north-central “Nevada Elephant Country” within a large mining and processing infrastructure that includes several >20 million ounce gold deposits; Nevada has produced a total of more than 245 million ounces of gold “+ Keyston
Slide 7: Brief Exploration History
Brief Exploration History Brief History: Newmont drilled 6 holes in intrusive contact base metal and silver Keystone mine area in 1967, and encountered low grade (+/- 0.02 opt) gold intercepts. 1981-83 Chevron staked and drilled 27 shallow drill holes, followed by USMX that drilled an additional 19
Slide 8: Lisle Gravity data
Lisle Gravity data planted the seed to future interest * Recognized gravity linear with three distinct gravity highs (carbonate horsts) coincident with aeromagnetic linears (intrusives)...the Gold Bar Trend. + The Gold Bar deposit is located on the southernmost horst. Gold Bar is (was) a relatively
Slide 9: Silicification
Keystone Silicification
Slide 10: Extensive Silicification!
Extensive Silicification! It’s everywhere!!! _US.GOLD
Slide 11: US Gold Corp. Exploration Team
US Gold Corp. Exploration Team “+ Dave Mathewson: Vice President of Exploration «+ Neil Whitmer: Operations Manager Technical Team: James Wright: Wright Geophysics Joseph (Joe) Laravie: Data Management and Control Consultant Thomas (Tom) Chapin: Keystone geological mapping and geological assessment:
Slide 12: Why so much gold in Nevada?
Why so much gold in Nevada? + Why is there so much gold within the Gold trends that transect the Paleozoic continental margin? ...in particular, the Battle Mtn- Eureka (Cortez) and Carlin Trends? + The northeast-trending Sr 87/86 .706 Line “roughly” follows the Paleozoic continental margin in Nevada
Slide 13: The .706 line is in actuality very complex
The .706 line is in actuality very complex Gary Massingill, former Chief Geologist with Santa Fe Gold, first presented to me his assembled Sr87/Sr86 .706 data when he joined my Newmont Genex group in 1997. oem 30 We supported his request of adding more data. Specifically, we tightened up data on “th
Slide 14: Coincidence of .706 offsets and Gold Trends in Nevada
Coincidence of .706 offsets and Gold Trends in Nevada The right-lateral .706 line offsets quite apparently represent major structural crustal flaws that were utilized for magmatic activity and, at times, voluminous, episodic gold-bearing fluid flow. Gold-bearing hydrothermal systems N had particular
Slide 15: The “Perfect Storm” for major gold deposit occurrences
The “Perfect Storm” for major gold deposit occurrences The depositional margins of continents is a good location to encounter permissive, prospective carbonate rocks Add in the presence of contacts with locally impermeable fine- clastic rocks above the permissive carbonates and you have the “perfect
Slide 16: Project - Cortez Trend Location
Keystone Project - Cortez Trend Location Regional Aeromagnetics Regional CBA Gravity “gS __US.GOLD
Slide 17: .706 Line through Keystone
-706 Line through Keystone Prime Nevada Location In The Heart Of The Famed Cortez Gold Trend — The Keystone property position controls the entire district-scale opportunity and comprises approximately 20 square miles (12,00 acres) of mining claims — The NNW-trending Sr 706 line likely represents a m
Slide 18: Target area acquisition
Keystone target area aCquleIOn Hot December 2¢ Dave Mathewson became “interested” |< * _ Keystone Proj in Keystone beginning in 1984 while employed by Atlas Corp (Atlas Precious Metals, Inc.) as a regional generative geologist. The Keystone area land positions were fragmented with multiple owners an
Slide 19: March 2004: foundational claim block of the Keystone acquisition
March 2004: foundational claim block of the Keystone acquisition SK claims originally staked by Dave Mathewson in March 2004 and vended into Tone Resources; subsequently US Gold/McEwen Mining Co — These SK claims were staked because of the presence of a linear trend of gravity highs indicated by Lis
Slide 20: August, 2015: Nevada Gold Ventures- America’s Gold Exploration combination
August, 2015: Nevada Gold Ventures- America’s Gold Exploration combination December 2017 Keystone oe * Nevada Pacific Gold and Tone Resources were acquired by US Gold (McEwen Mining) in 2006. + Not much happened at Keystone a Bs Sees between 2006 and 2015. : Pate AG BU ere * SK claims quitclaim to D
Slide 21: September 1, 2015
September 1, 2015 Northern area properties originally staked by Nevada Pacific Gold in 2004, became available for staking Sept 1, 2015. Don McDowell and Dave Mathewson selectively spot- staked several small claim groups Sept. 1, 2 and 3 for the purpose of “thwarting” competitor staking; it worked! D
Slide 22: Blanket claim staking northern area
Blanket claim staking northern area Late 2015, “spot claims” were replaced by a couple hundred contiguous, “blanket” claims. The initial Keystone land position was thereby contiguously organized. The property position/ opportunity was presented to the “industry.” al eee December Laas 25s 8h <! ___|
Slide 23: 2016 and 2017 district USAU consolidation-expansion
2016 and 2017 district USAU consolidation-expansion Dataram, Nasdaq (DRAM) later to become US Gold (USAU) acquired the Keystone asset mid-2016. Voluminous available data were organized, assessed, and a 6 hole scout core hole program was immediately implemented. Five of six planned holes were complet
Slide 24: Pre-2016 Keystone Project Highlights
Pre-2016 Keystone Project Highlights Keystone District exhibits strong, widespread alteration characteristics. Keystone geology has been very misinterpreted and poorly understood. Prior drilling was mostly shallow and, or focused on non-Carlin type gold settings. However, prior drilling did locally
Slide 25: Project - Cortez Trend location
Keystone Project - Cortez Trend location LOCATION... LOCATION... LOCATION...!!! Bo Keystone and Gold Bar North |. Projects on the Cortez Trend |’ (Battle Mtn-Eureka Trend) 0 scale in miles 6 0 scale in kms 10
Slide 26: 2016 Scout core holes
2016 Scout core holes @ Us Gold Drilling (2016) | [=] @ = Historical Drilling Historic drilling at Keystone was comprised of about 240 holes drilled to an average depth of about 300 feet mostly by conventional rotary and | reverse circulation methods. | Most prior exploration focus was in pursuit of
Slide 27: 2016 Drill Results
2016 Drill Results « Alldrill holes intersected thick intervals of permissive host rocks at shallow target depths. ¢ All drill holes encountered thick intervals, albeit low levels, of gold and associated, locally strong pathfinder metals. « Drill holes confirmed the presence of, and permissivity qua
Slide 28: 2016 DRILL HOLES
2016 DRILL HOLES with anomalous gold zones ra 2016 Scout Drill sere Holes Summary Upper Plate Slaven and Valmy Formati Devonian Horse Canyon Formation (Dhe) Calcareous, thinly laminated sitstone nd alternating bands of ack argilte ‘and wack mudstone 1 “Devonian ‘Wenban Formation (Dw) 2016 USAU drill
Slide 29: Regional Aeromagnetics
Regional Aeromagnetics Magnetic expression is several times larger than the surface exposure of the Keystone intrusives, analogs include Marys Mtn and Richmond intrusives on the northern Carlin Trend, Bullion intrusive on the ‘| southern Carlin Trend, and Gold Acres *) on the Cortez Trend. ‘US Gold
Slide 30: General Geology
Keystone General Geology Pre-2017 Geology | <a ae = EXPLANATION Quaternary younger alluvium in small valleys Quaternary younger alluvial fan deposits Quaternary landslide deposits Quaternary pluvial lake bottom deposits Quaternary pluvial lake shoreline deposits, undivided Quaternary older alluvial
Slide 31: 2017 Cross-sectional schematic of Keystone
2107 Cross-sectional schematic of Keystone Lacustrine ‘Margin Breccia Lower Plate T.Ohapin 2017 SE Keystone Dome NW Figure: Schematic sketch of the volcanic complex underlying the Keystone Project. The Paleozoic sediments are intruded by a complex of intrusions ranging from diorite to quartz rhyolit
Slide 32: Intrusives Compositions
Keystone Intrusives Compositions rock types 80 TT EUTEaY T TUT Ln TT TOT UMiiit L Rhyolite a) 4 75 ” Com/Pan 70 F Rhyodacite/DAci 7 65 Trachyte 7 SiO, 60 Andesite 7 5; ee Phonolite 7 50 Sub-AB 7 454 Lamprophyres and Eclogite 4 Bas Bas/Trach/Neph 40 1 L rotul L 1 piu 4 L piu i Lt itiit 001 01 “4 1 10
Slide 33: Keystone 2016 Exploration Program Summary
* & Keystone 2016 Exploration Program Summary Digital data organization and map representation program led by Joe Laravie. Engaged Tom Chapin as Senior Consulting Geologist; mapping geology of entire district in detail. Completed property wide gravity survey in July, 2016 guided by Jim Wright of Wri
Slide 34: APPLICATION OF GRAVITY
APPLICATION OF GRAVITY
Slide 35: CBA Gravity
Keystone CBA Gravity wo Interpretation Just Data
Slide 36: Gravity Gradient
Keystone Gravity Gradient wo Interpretation The mathematics
Slide 37: Gravity
Keystone Gravity Residual wo interpretation The visual enhancements usgoldcorp gold
Slide 38: 2017 Residual Gravity with interpretation
Keystone 2017 Residual Gravity with interpretation + A Soe Data clearly put more dense lower plate carbonate units at shallow depths. Interpretation of data exhibits a strong NNW-trending structural zone not previously known. Secondary NE and NS structural patterns are also indicated. Additional dat
Slide 39: 2017 Drill hole
Keystone 2017 Drill hole @ US Gold Drilling (2016-2017) ; Program — VA @ = Historical Drilling Forth NOI designed. Eleven holes drilled in 2017; one currently in progress. Key17-01c was drilled to complete the 6 hole core program started in 2016. Ten reverse circulation holes drilled to an average d
Slide 40: 2017 Drill Results...mostly pending
2017 Drill Results...mostly pending
Slide 41: EARLY 2017 DRILL HOLES
EARLY 2017 DRILL HOLES with anomalous gold zones KEYSTONE STRATIGRAPHIC. 2017 Drill Holes — Summary * 2017 drill holes gold and geology related to known Cortez area stratigraphy and deposits Upper Plate & gs Slaven and Valmy & sg £ Formations e Devonian Horse Canyon Formation (Dhc) *. Calcareous, th
Slide 42: APPLICATIONS OF SURFACE GEOCHEMISTRY (refining targets)
APPLICATIONS OF SURFACE GEOCHEMISTRY (refining targets) *Stream sediment samples «Altered cobble samples *Rock samples *Soil samples hi usgoldcorp gold rp
Slide 43: Geochemistry-Gold in Stream Sediments
Keystone Geochemistry-Gold in Stream Sediments Data as of September, 2107: 411 samples Gold in Stream Sed (ppb) ® 200 to 500 @ 100 to 200 @ 50to 100 @ 30to 50 @ 15to 30 © 5to 15 oO <5
Slide 44: Geochemistry-Arsenic in Stream Sediments
Keystone Geochemistry-Arsenic in Stream Sediments Data as of September, 2017: 411 samples CE ey tes é pues) i ak Arsenic in Stream Sed (ppm) ® 500 to 1,100 @ 250to 500 @ 100to 250 @ 50to 100 @ 25to 50 @ 10to 25 Oo <10
Slide 45: Geochemistry-Gold in Altered Cobbles
Keystone Geochemistry-Gold in / ie See Data as of September, 2107: 409 samples Gold in Altered Cobble (ppm) 0.3 to1 0.1 to0.3 0.03 to0.1 0.01 to 0.03 0.005 to 0.01 < 0.005
Slide 46: Geochemistry-Arsenic in Altered Cobbles
Keystone Geochemistry-Arsenic Data as of September, 2107: 409 samples Arsenic in Altered Cobble (ppm) 3,000 to 10,001 1,000 to 3,000 300 to 1,000 — 100to 300 30to 100 10 to 30 3to 10 <3 in Altere d Cobbles usgoldcorp gold
Slide 47: Geochemistry-Gold in Rock
Keystone ama = Gold i soe Rock — Data as of September, 2107: 20132 samples Gold in Rock (ppm) A 10 to30 to10 A: A: 3 A A A A a 03 to 1 0.1 to 0.3 0.03 to 0.1 0.01 to 0.03 0,005 to 0.01 < detection (.069 to .005) _US. GOLD
Slide 48: Geochemistry — Gold in Soils
Keystone Geochemistry — Gold in Soils oF ao Data as of September, 2107: 3354 samples Gold in Soil (ppb) 200 to < 500 100to < 200 50to < 100 30to < 50 15to < 30 5to < 15 <5 Boacaaa US. GOLD
Slide 49: Geochemistry — Arsenic in Rocks
Keystone Geochemistry — AISENIE I in Rocks Data as of September, 2107: 2132 samples Arsenic in Rock (ppm) A 3,000 to 10,000 (16) A 1,000 to 3,000 (60) A 300 to 1,000 (231) A 100to == 300 (456) A 30to 100 (623) A 410to 30 (477) a 3to 10 (199) a <3 (70) U.S. GOLD
Slide 50: Geochemistry — Arsenic in Soils
Keystone Geochemistry — Arsenic in Soils Data as of September, 2107: 4226 samples Arsenic in Soil (ppm) 500 to 1,100 250 to 500 100to 250 50to 100 25to 50 10to 25 <10 eoaoaaa U.S. GOLD
Slide 51: Geochemistry — Antimony in Rocks
Keystone iiiiieieilege Noland! inR Rocks Data as of September, 2107: 2010 samples Antimony in Rock (ppm) A 1,000 to 3,000 A 300 to 1,000 A 100 to 300 A 30to 100 | A 10to 30 | A 3to 10 aA <3 U.S. GOLD
Slide 52: Geochemistry-Antimony in Soils
Keystone Geochemistry-Antimony in Soils Data as of September, 2107: 4226 samples Antimony in Soil (ppm) 100 to 300 50 to 100 20to 50 10to 20 6to 10 2to 6 <2 eoaceaaa US. GOLD
Slide 53: Geochemistry-Zinc in Rocks
Keystone Geochemistry-Zinc in Rocks Data as of September, 2107: 2132 samples Zinc in Rock (ppm) 10,000 to 35,000 A 3,000 to 10,000 A A A A A a 1,000 to 3,000 300 to 1,000 100to 300 30to 100 10 to 30 <10 U.S. GOLD
Slide 54: Geochemistry — Zinc in Soils
Data as of September, 2107: 4226 samples Zinc in Soil (ppm) 1,000 to 3,000 500 to 1,000 250 to 500 100 to 250 50to 100 25to 50 <25 eoacaeaa U.S. GOLD in Soils ME Aye
Slide 55: 2018 Exploration Program
2018 Exploration Program * EA and POO will cover most of the project and allow widespread, and aggressive drill hole access. ¢ 2018 drilling will be target specific and based on integration and assessment of all existing data as applied to target concepts.
Slide 56: Contacts
later stage development management and 2 ii for the current resource asset and exploration blue advisory team with development and and valuation upside sky potential pedigrees of developing exploration space ‘based on market comps renowned gold projects Contacts ca? _ » ro Edward Karr US Gold Corp.