56 slides from U.s. Gold's technical presentation, December 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 Wyoming 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 U.S. Gold Corp (“U.S. Gold”). U.S. Gold has made reasonable efforts to ensure that the information contained in this present
Slide 3: usgoldcorp.gold
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Slide 4: usgoldcorp.gold
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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: Keystone 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 Keystone
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: In the 1980's, Lisle gravity data planted the seed to future interest
In the 1980’s, 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)
Slide 9: Keystone Silicification
Keystone Silicification usgoldcorp.gold 9
Slide 10: Extensive Silicification! It's everywhere!!!
Extensive Silicification! It’s everywhere!!! usgoldcorp.gold 10
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: B
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 a
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. • We supported his request of adding more data. Specifically, we tightened up data on “the T
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 had particul
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 “per
Slide 16: Project - Cortez Trend Location
Keystone Project - Cortez Trend Location Regional Aeromagnetics Regional CBA Gravity usgoldcorp.gold 16
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 (>12,500 acres) of mining claims – The NNW-trending Sr .706 line likely represents
Slide 18: Keystone target area acquisition history
Keystone target area acquisition history • Dave Mathewson became “interested” 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 and acquisitions were pro
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 L
Slide 20: August, 2015: Nevada Gold Ventures- America's Gold Exploration combination
August, 2015: Nevada Gold Ventures- America’s Gold Exploration combination • Nevada Pacific Gold and Tone Resources were acquired by US Gold (McEwen Mining) in 2006. • Not much happened at Keystone between 2006 and 2015. • SK claims quitclaim to Dave Mathewson July 27, 2015. • Dave Mathewson, Nevada
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 worke
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.” usgoldcorp.gold 22
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 c
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
Slide 25: Project - Cortez Trend location
Keystone Project - Cortez Trend location LOCATION… LOCATION... LOCATION…!!! usgoldcorp.gold 25
Slide 26: 2016 Scout core holes
2016 Scout core holes • 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 shallow oxide targets and the Keystone skarn mineraliza
Slide 27: 2016 Drill Results
2016 Drill Results • All drill 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 q
Slide 28: 2016 Scout Drill Holes Summary
2016 Scout Drill Holes Summary 2016 USAU drill holes related to known Cortez area stratigraphy and deposit locations usgoldcorp.gold 28
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. • A portion o
Slide 30: General Geology
Keystone General Geology Pre-2017 Geology usgoldcorp.gold 30
Slide 31: 2107 Cross-sectional schematic of Keystone
2107 Cross-sectional schematic of Keystone T. Chapin 2017 SE NW Thomas Chapin, 2017 usgoldcorp.gold 31
Slide 32: Keystone Intrusives Compositions
Keystone Intrusives Compositions Thomas Chapin, 2017 usgoldcorp.gold 32
Slide 33: 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 W
Slide 34: APPLICATION OF GRAVITY
APPLICATION OF GRAVITY usgoldcorp.gold 34
Slide 35: CBA Gravity wo Interpretation Just Data
Keystone CBA Gravity wo Interpretation Just Data usgoldcorp.gold 35
Slide 36: Gravity Gradient wo Interpretation
Keystone Gravity Gradient wo Interpretation The mathematics usgoldcorp.gold 36
Slide 37: Gravity Residual wo interpretation
Keystone Gravity Residual wo interpretation The visual enhancements usgoldcorp.gold 37
Slide 38: 2017 Residual Gravity with interpretation
Keystone 2017 Residual Gravity with interpretation • 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 data
Slide 39: 2017 Drill hole Program
Keystone 2017 Drill hole Program • 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 depth of about 1800 ft. • Drill focus was on follow-up
Slide 40: 2017 Drill Results…mostly pending
2017 Drill Results…mostly pending usgoldcorp.gold 40
Slide 41: 2017 Drill Holes Summary
2017 Drill Holes Summary • 2017 drill holes gold and geology related to known Cortez area stratigraphy and deposits usgoldcorp.gold 41
Slide 42: Applications of Surface Geochemistry
APPLICATIONS OF SURFACE GEOCHEMISTRY (refining targets) •Stream sediment samples •Altered cobble samples •Rock samples •Soil samples usgoldcorp.gold 42
Slide 43: Geochemistry-Gold in Stream Sediments
Keystone Geochemistry-Gold in Stream Sediments Data as of September, 2107: 411 samples usgoldcorp.gold 43
Slide 44: Geochemistry-Arsenic in Stream Sediments
Keystone Geochemistry-Arsenic in Stream Sediments Data as of September, 2017: 411 samples usgoldcorp.gold 44
Slide 45: Geochemistry-Gold in Altered Cobbles
Keystone Geochemistry-Gold in Altered Cobbles Data as of September, 2107: 409 samples usgoldcorp.gold 45
Slide 46: Geochemistry-Arsenic in Altered Cobbles
Keystone Geochemistry-Arsenic in Altered Cobbles Data as of September, 2107: 409 samples usgoldcorp.gold 46
Slide 47: Geochemistry – Gold in Rock
Keystone Geochemistry – Gold in Rock Data as of September, 2107: 20132 samples usgoldcorp.gold 47
Slide 48: Geochemistry – Gold in Soils
Keystone Geochemistry – Gold in Soils Data as of September, 2107: 3354 samples usgoldcorp.gold 48
Slide 49: Geochemistry – Arsenic in Rocks
Keystone Geochemistry – Arsenic in Rocks Data as of September, 2107: 2132 samples usgoldcorp.gold 49
Slide 50: Geochemistry – Arsenic in Soils
Keystone Geochemistry – Arsenic in Soils Data as of September, 2107: 4226 samples usgoldcorp.gold 50
Slide 51: Geochemistry-Antimony in Rocks
Keystone Geochemistry-Antimony in Rocks Data as of September, 2107: 2010 samples usgoldcorp.gold 51
Slide 52: Geochemistry-Antimony in Soils
Keystone Geochemistry-Antimony in Soils Data as of September, 2107: 4226 samples usgoldcorp.gold 52
Slide 53: Geochemistry-Zinc in Rocks
Keystone Geochemistry-Zinc in Rocks Data as of September, 2107: 2132 samples usgoldcorp.gold 53
Slide 54: Geochemistry-Zinc in Soils
Keystone Geochemistry-Zinc in Soils Data as of September, 2107: 4226 samples usgoldcorp.gold 54
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. usgoldcorp.gold 55
Slide 56: Conclusion Contacts
Conclusion DEVELOPMENT PROVEN TEAM DEBT FREE HIGH UPSIDE PACKAGE Exciting combination of a Top quality U.S. Gold Corp is debt Large growth potential later stage development management and free; rare in the gold for the current resource asset and exploration blue advisory team with development and an