U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Corporate Update (November 2019)
24 slides from U.s. Gold's corporate update, Nov 21, 2019
Slide 1: Maggie Creek Overview
US. focused gold exploration and development company \ U a S - (ex@) LD advancing high potential projects in Wyoming and Nevada CaB | f@ ©: USAU Maggie Creek - November 2019
Slide 2: Forward Looking Statements
Forward Looking Statements ‘TERMS OF USE AND DISCLAIMER - This presentation is being provided for the cole puepose of providing the cecipients with backgcowad information about US. Gold Corp. ("U'S. Gold”). US. Gold Cosp. las made reasonable efforts to enmice that the infocmation contained in this p
Slide 3: Maggie Creek Overview
Slide 4: Maggie Creek Overview
Maggie Creek Overview » US. Gold Corp. acquired Orevada Metals, Inc. through a share exchange in September, 2019 > va r r v Orevada is a wholly own subsidiary of an Ontario corporation The Ontario corporation is now a fully owned subsidiary of USAU Orevada has an option to acquire the Maggie Creek c
Slide 5: Maggie Creek Location
Maggie Creek Location A Carlin-type gold system in the heart of the world-famous Carlin Trend * Maggie Creek @ Major gold mines and deposits ‘< (HEME Major Nevada Gold Trends
Slide 6: Carlin Trend Map with Maggie Creek Gold claims
Carlin Trend Map with Maggie Creek Gold claims LEGEND "fea Dremenecs| (Grid is UTM NAD 27 Geology compiled from ‘rious sources, includes Norby eta. (2015) ‘and Moore etl: (2012) Jasons (Modified from Rhys et al., 2015) — ee
Slide 7: Carlin Trend Map with Maggie Creek Gold claims
Carlin Trend Map with Maggie Creek Gold claims [ “aowa] cesnswomuraneen Sees x fe ebied er ase 00) ths » The Maggie Creek Project lies on the eastern margin of the ste Lynn-Carlin window, adjacent to eran the giant Gold Quarry deposits Sue (26M oz Au) aoe eras Soaseap irate Serna cae miton coast (9
Slide 8: Rainbow deposit and Schroeder area drillhole contours
a] Sa 2 \ ON Ww te Bag, iB ee re @ Ne sr CARLIN B Setroeder wm \ VALLEY % |Mountain PP \ : ‘Mine (Cur a L) TSN am Coogee King SESS Drillhole gold grade x thickness contours, 0.010 opt Au cutoff 15010 [55 101020 2010 30 HI 3010.40 HB 40 t0 50 Intercept thickness = feet Minimum 10-foot Intercept Inter
Slide 9: Geological setting of the Gold Quarry deposit
» Lower plate rocks comprising the Roberts Mountains Formation, Popovich Formation, and Rodeo Creek Unit are structurally emplaced along a northwest structural corridor containing the Roberts Mountains thrust, folds, and high angle normal and oblique-slip faults Geological setting of the Gold Quarry
Slide 10: A favorable Carlin-type environment
A favorable Carlin-type environment: The Chukar-Alunite Fault Zone, a major ore control at Gold Quarry, projects into the Maggie Creek property, where it intersects the northwest structural corridor (Modified from Rhys et al., 2015) Chukar-Alunite Fault Zone
Slide 11: Historical Drilling
set Surfcomino faction Notshown on poe 7 exes totons Historical Drilling ae » 241 Drill Holes - Total [Eel vecnre ° 21 Drill Holes > or = 1000 feet OcENEIGNEOUS AND SEDMEKTARY ROCKS * 184 Drill Holes < or = 500 feet meme ‘EOCENE IGNEOUS ROCKS » Deepest Hole 2445 feet, Newmont 1994 SAU claims _/ (GRI
Slide 12: Grade-Thickness Map
Grade-Thickness Map (g/t x ft.) showing northwest trend of mineralization in Sec. 24 » Much of the drilling in Section 24 intersects Au mineralization in shallow (~300 feet) holes in western half — largely untested at depth » Mostly shallow drilling in Sec. 14 along strike to northwest » Drilling in
Slide 13: Drill Hole Location Map
Drill Hole Location Map » 240 total drill holes > 26 intercepts > 1 g/t Au >» 110 intercepts > 0.5 g/t Au » Mostly vertical > Mostly RC > Avg DH depth: 432 feet » Mean DH depth: 300 feet » Mineralization in lower and upper plates Source: Renaissance Gold Maggie Creek dhs by depth (ft) 1,500 to 2,400
Slide 14: 3D modeling shows E-dipping mineralization
M 3-312 — i 3D modeling shows E-dipping mineralization is mess } bedding and/or thrust controlled and is truncated, ff offset, and possibly fed by high angle normal to oblique - slip faults Source: Renaissance Gold
Slide 15: Convex shapes suggest breached anticlines
Dsr Convex shapes suggest Au mineralization may occur in breached anticlines — High angle faults have been poorly tested with vertical drill holes T Source: Renaissance Gold 495/109 = Neco 2.2 1 1 rats \ \ Dow Ore sr Nasdaq: USAU | usgoldcorp gold
Slide 16: Overview of Geology and Drill holes - Oblique View
» Overview of Geology and Duill holes — Oblique View Looking North (Geology: South part — Norby, 2004 North part — Barrick, 1990) Source: Renaissance Gold set Surfcomino faction Notshown on poe 7 exes totons ‘QUATERNARY DEPOSITS. co Aka [i aa eta © Cal dopo OcENEIGNEOUS AND SEDMEKTARY ROCKS | tee Ca
Slide 17: Felsic dike in limestone
Felsic dike in limestone, strike N50W subvertical Diking has been potentially under- or unrepresented in historical mapping The relationship between Gold mineralization and diking is not well understood, but this dike projects southeast into and area of drilled mineralization (see next slide) US. GO
Slide 18: MAC Gold ppm
MAC Gold ppm 13 to 3.12 1to3 0.5 to 1 0.3 to 0.5 0.1 to 0.3, 0 to 0.1 *, S. | 8 of 1.74g/t Au “ is } << 15’ of 1.63 g/t Au in granodiorite Nasdaq: USAU | usgoldcospgold 18.
Slide 19: Grade-Thickness Map
MAC_GT by Total 23.6 to 46.5 (8) ——*——=*" (011.6 to 23.6 (10) re @ 8 to 11.6 (9) aed a 47to 8 (14) = 25to 4.7 (7) x | Drill holes without significant intercepts Grade-Thickness Map (g/t x ft.) showing northwest trend of mineralization in Sec. 24 ® » Drilling in northwest part of Section 30 indicates
Slide 20: Maggie Creek drill holes by depth
Maggie Creek dhs by depth (ft) - ©1,500 to 2,400 (17) ©1,000 to 1,500 (4) © 500 to 1,000 (37) ~@ 100to 500 (146) ® Oto 100 (36) Nasdaq: USAU | usgoldcorp gold
Slide 21: Freeport 1979 soils - Au ppm
a \ Z ine 48 “ ie See 2a % Freeport 1979 soils — Au ppm \\s Maggie_Creek_1979_ “WS Au ppm A 02 to 08 (12) A 01 to 0.2 (48) ‘A 0.05 to 0.1 (88) 4 -0.05 to 0.05 (308) a9 to -0.05 (4)
Slide 22: Freeport 1979 soils - Hg ppb
ET Bee eng Freeport 1979 soils — Hg ppb —S Maggie_Creek_1979_ | gE ~~, Hg ppb »S A3,400 to 12,000 (4) KX A 600 to 3,400 (13) \. A 300 to 600 (26) 300 (74) 100 (343) Te: Nasdaq: USAU | usgoldcorp gold
Slide 23: Summary
Summary Option to acquire up to 70% of approximately three square miles of unpatented mining claims on the Carli Trend next to the giant Gold Quarry deposits (26 M oz Au) Classical structure and stratigraphy that hosts the majority of Au ounces on the Carlin Trend Numerous ore grade and anomalous Au
Slide 24: Contacts
. for the current resource |] a major US Exchange _ and valuation upside - NASDAQ, with US r based properties Contacts Edward Karr President & CEO ir@usgoldcorpgold wwwausgoldcorp.gold +1 800 557 4550 \\\ U.s. GOLD Corp ge US. Gold Cézp: | Suite 102, Box 604 1910 Idaho St, Elko, NV 89801