U.s. Gold Corp. · NASDAQ:USAU
U.s. Gold — Technical Presentation (October 2020)
49 slides from U.s. Gold's technical presentation, Oct 28, 2020
Slide 1: US focused gold exploration and development company - Maggie Creek
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 - October 2020 ae te. eae ee John Norby Technical PPT ee ae
Slide 2: Forward Looking Statements
Forward Looking Statements ‘TERMS OF USE AND DISCLAIMER - This presentation ic being provided for the sole puepose of providing the cecipients with background 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 District
Maggie Creek District AX US. GOLD Discovering the next gold district on the Carlin Trend, NV Nasdaq: USAU | usgoldcorp gold
Slide 4: Carlin Trend Map with Maggie Creek Claims
Carlin Trend Map with Maggie Creek Claims » The Maggie Creek Project lies on the eastern margin of the Lynn-Carlin window, adjacent to the giant Gold Quarry deposits (26M oz Au) » Through its subsidiary Orevada Metals, Inc., USAU has an option to acquire up to 70% of approximately three square miles
Slide 5: Maggie Creek District: Carlin Type Gold System #1
Maggie Creek District District Carlin Type Gold System #1 \Y US. G te) LD Nasdaq: USAU | usgoldcorp gold
Slide 6: Carlin Lower-Plate Window
Carlin Lower-Plate Window Mountains Thrusts in lower-plite - ‘carbonate units below RA A g repeated secti Roberts Mountains _ ‘Roberts Mountains thrust is Phase 1 contraction It positioned Laggee geology map fom Norby (2002). Geology in NW Maggie Creek claims section ‘impermeable cap rocks over casb
Slide 7: Gold Deposits of the Carlin Window
Gold Deposits of the Carlin Window Dull Hole tade Thickness 60 oz/t-ft Au 50 oz/t-ft Au| 40 02/t-ft Au 30 o2/t-ft Au| 20 oz/t-ft Aul IO YWUGVUTG 5 oz/t-ft A 10 o2/t-ft Au} U_ | usgoldcorp gold
Slide 8: Gold Concentrations in SE-Vergent Fault-Propagation Folds and Thrusts (Phase 2)
Gold Concentrations in SE-Vergent Fault-Propagation Folds and Thrusts (Phase 2) Drill Hole Grade Thickness 60 oz/t-ft Au| 50 oz/t-ft Au] 40 oz/t-ft Au] 30 o2z/t-ft Au] 20 o2/t-ft Aul 10 o2/t-ft Au} 5 o2/t-ft A 0.05 o2z/t-ft Au| Loe crayl Smaller-scale SE-vergent f and thrusts are present the distric
Slide 9: Gold deposits along Good Hope anticline (Phase structure)
Gold deposits along Good Hope anticline (Phase 3 structure) The large Gold Quarry and West Mike gold deposits occur along the Good Hope anticline, where crossed by gold-bearing NE-striking faults. The Carlin lower-plate window is a larger-scale Phase 3 anticline. Duill Hole Grade Thickness 60 o2/t-f
Slide 10: Gold deposits along and in the hanging wall of the Good Hope reverse fault
Gold deposits along and in the hanging wall of the Good Hope reverse fault 5 7 a The Cress and Schroeder faults on the Maggie Creek claims are roughly parallel to the Good Hope fault, and may similarly be reverse faults related to Phase 3 contraction. They may have been re-activated with’ Tertiary e
Slide 11: NW-striking mineralized dikes along Good Hope reverse fault and on Maggie Creek claims
NW-striking mineralized dikes along Good Hope reverse fault and on Maggie Creek claims Drill Hole Grade Thickness 60 o2z/t-ft Au} 50 oz/t-ft Au} 40 o2/t-ft Au 30 o2/t-ft Au] 20 o2/t-ft Aul 10 o2/t-ft Auf 5 oz/t-ft A Smaller-scale SE-vergent f and thrusts are present the district. They host significa
Slide 12: Maggie Creek District: Carlin Type Gold System #2
Maggie Creek District District Carlin Type Gold System #2 \Y US. G te) LD Nasdaq: USAU | usgoldcorp gold
Slide 13: Tertiary NE-striking Extensional Chukar and Soap Creek faults channeled gold systems
Tertiary NE-striking Extensional Chukar and Soap Creek faults channeled gold systems Dall Hole Grade Thickness | Chukarand Soap Creek fal. @P o2/t-f Au] continue northeast onto Maggie @ 30oz/t-fAu| Creek claims. Chukar fault splay | @P 4002/t-f Au| _ into set of faults on Maggie | P Wo2/t-f Au} Cree
Slide 14: Mike Deposit Cross Sections
Figure J-8 Soap Creek 025° section 8-5" (ooking northwos), Mike dopost {ne of section shown on figure 4 a ‘mute ecsteaehenth nese ‘Steen siete sorh rss Mike Deposit Cross Sections Main Mike in hanging wall of Good Hope fault. West Mike in footwall of Good Hope fault. Main (and West Mike) are within
Slide 15: Gold Quarry Cross Section — across Chukar fault
Gold Quarry Cross Section — across Chukar fault rm 3 _Gold Quarry deposit |3 tion through the Gold Quarry deposit |OON (feet) in mine grid. View looking north ‘in 8-C, with bend looking northeast in A-B. ‘Compiled rom mine data TE reseo creak. Avassays lastsleant x Besdng fom ines eee Sapa da ie See
Slide 16: Higher-grade gold zones occur in the district
Higher-grade gold zones occur in the district Duill Hole Grade Thickness 60 o2/t-ft Au 50 oz/t-ft Au 40 o2/t-ft Au 30 oz/t-ft Au 20 oz/t-ft Au 10 o2/t-ft Au 5 oz/t-ft Au {SYVYVUTE Deep West and Deep Sulfide Feeder gold zones from Harlan et al. (2002) (6.9 g/t Av) Chukar Footwall deposit from Rhys et
Slide 17: Carlin-type hydrothermal alteration (yellow) mapped at surface
Carlin-type hydrothermal alteration (yellow) mapped at surface alteration in bedrock outcrop along Soap Creek Fault exposed in drainage. Dail Hole Grade Thickness 60 oz/t-ft Au 50 oz/t-ft Au 40 oz/t-ft Au 30 oz/t-ft Au 20 oz/t-ft Au 10 02/t-f Au 5 o2/t-ft Au 005 ‘t-fr An YVUGVETS aS LOS Hadlan et al
Slide 18: Silicification and chalcedony, and Carlin-type hydrothermal alteration
Silicification (red) and chalcedony (peach), and Carlin-type hydrothermal alteration (yellow) Duill Hole Grade Thickness 60 oz/t-ft Au! Rodeo Creek, the host section 50 02z/t-ftAu}] at Gold Quarry and Mike, 40 02/tftAu| Altered section dips to the N 30 0z/t-ft Au! under Maggie Creek 20 o2/t-ft Aub Z
Slide 19: Barite, silica, chalcedony, and Carlin-type hydrothermal alteration
Barite (orange), silica (red), chalcedony (peach), and Carlin-type hydrothermal alteration (yellow) Daill Hole . eo heen Batite is commonly... are deposited P 60 02/ef Au| ea i an SB RAL) S628 of mineralization FRAY] Defines mineralized oz/t-ft Au tr P x0o2/eftAuj S 2 oz/tft Au| La 10 oz/t-ft Au| SF
Slide 20: Maggie Creek District: Carlin Type Gold System #3
Maggie Creek District District Carlin Type Gold System #3 \Y US. G te) LD Nasdaq: USAU | usgoldcorp gold
Slide 21: District Alteration and Defined Gold Deposits
District Alteration and Defined Gold Deposits Dull Hole Grade Thickness 60 oz/t-ft Au 50 o2/t-f Au 40 oz/t-ft Au 30 oz/t-ft Au 20 oz/t-ft Au |__ 10 o2/t-f Au 5 o2/t-ft Au 0.05 o2/t-ft Au VWUGTUT Nasdaq: USAU | usgoldcorp gold
Slide 22: Gold in Soil Anomaly in Hanging Wall of Northeast Chukar Fault
Gold in Soil Anomaly in Hanging Wall of Northeast Chukar Fault Duill Hole ba Grade Thickness 60 o2/t-ft Au 50 oz/t-ft Au 40 o2/t-ft Au 30 oz/t-ft Au 20 oz/t-ft Au 10 oz/t-ft Au 5 o2/t-ft Au oz/t-ft Au | VWUTTWGS Gold in Soils (Freeport, 1978) ®P 200 ppb ® 100 ppb P 50 ppb Nasdaq: USAU | usgoldcorp g
Slide 23: Gold in Soil Anomaly
Gold in Soil Anomaly Daill Hole Grade Thickness 60 o2/t-ft Au 50 oz/t-ft Au 40 o2/t-ft Au 30 oz/t-ft Au 20 o2/t-ft Au 10 oz/t-ft Au 5 o2/t-ft Au 0.05 o2/t-ft A YVUVUVWG of anomaly 2 atop Rainbow deposit wukar Bedrocklis covered SE of ” Gold in Soils Freeport, 1978)
Slide 24: Drill-indicated Gold Zones on Maggie Creek Claims
Drill-indicated Gold Zones on Maggie Creek Claims Duill Hole Grade Thickness P 10 02/t-f Av} @P 05o0z2/t-f Au} OO 0202/t-f Au} e oe 0.1 o2/t-ft Au} 0.05 o2/t-ft Au|
Slide 25: Airborne Magnetics, reduced to the pole, depth sliced 0-300 meters
Airborne Magnetics, reduced to the pole, depth sliced 0-300 meters sox | Mag High Dauill Hole Gold Quarry and the gold occurrences Grade Thickness on the Maggie Creek claims are about P 60 02z/t-ft Au} equidistant from the Maggie Creek GP 50 02/t-ft Av| memineh FP 0 02/t-f Av PF 30 oz/t-fc Au =e FS
Slide 26: Targets
Targets Duill Hole Grade Thickness P 10 02/t-f Ay @ 05 o2/t-f Av © 0202/tf Ay © 01 oz/t-f Ay Grade Thickness 60 oz/t-ft Au| 50 o2/t-ft Au| 40 o2/t-ft Au| 30 02/t-ft Au| 20 oz/t-ft Au|, 10 oz/t-ft Au 5 o2/t-ft Au} VULTVG U_ | usgoldcorp gold
Slide 27: Targets
Targets Dail Hole Grade Thickness P 10 02/tfAr @P 05 02/t-f A OG 0202/t-f Ar OC O1oz/t-f Ar © 0.05 o2/t-f Au
Slide 28: Maggie Creek Property: Carlin Type Gold Potential #1
Maggie Creek Property Carlin Type Gold Potential # 1 \Y US. G te) LD Nasdaq: USAU | usgoldcorp gold
Slide 29: thrust slice of
thrust slice of Roberts Mountains formation (green) faults may also be reverse finlts, with later normal movement. from Mossis (1999) and Cole (1992). Nostheast area geology map from Cress (1972). i Nasdaq: USAU | usgoldcorpgold 29
Slide 30: Depth to Bedrock, beneath Carlin formation tuff
Depth to Bedrock, beneath Carlin formation tuff thrust slice of Roberts Mtn fm Maggie Creek Claims Ba) Re) ae faut sep f a Depth-to-bedrock contours interpreted fom gravity by James Wright and from drill information by John Norby (Norby (2002). \ ‘Nasdaq: USAU | usgoldcorp gold
Slide 31: Alteration
Alteration ‘ Extensive alteration in lowerplat\. section. Dips under claimed sectio Alteration presumably also extend tion in repeated A] Robeits Mins formation section, Zad along “Chukar faulé set Harlan et al. (2002), Cole (1992), Freeport (1978), and Evans and Cress (1977) ‘ Nasdaq: USAU | usgold
Slide 32: Gold in Rocks
Gold in Rocks >500 ppb Au rock chips are |“ concentrated in repeated Roberts / ‘Mountains formation sectio: where crossed by Chukar far of 1.63 g/t Au h-angle dike Nasdaq: USAU | usgoldcorpgold 32
Slide 33: Gold in Soils
Gold in Soils Gold concentrated along ChukaN. 4 Gold in Soils fault set and in repeated Roberts 3 : (Freeport, 1978) ‘Mountains formation section x oe he 200 ppb @ 100 ppb 50 ppb Maggie Creek Claims Soil survey only covered the south-central part of the area. AN Nasdaq: USAU | usgoldcorpgold 33
Slide 34: Gold in Drill Holes
Gold in Drill Holes Duill Hole Grade Thickness @P 1002/t-f Ar @ 05o02/tf Ar O 0202z/t-f Ar © O1oz/t-fAr Local gold ines different unit Daill-defined gold in decalcified | layer within upper-plate lithologies. Daill-defined gold within upper pact of repeated Roberts Mountains formation section. Daill
Slide 35: Gold in Intrusive Rock
Gold in Intrusive Rock Duill Hole Grade Thickness P 10 02/t-f A @P 05 02/t- A O 0202/tt A OS O1oz/tfAr 1-2 g/t Auin altered intrusive rock, both at surface and in drill holes. Surface occurrence (NW) described as higher-angle dike. Daill-hole intercepts (SE) are of a sill along the top of the Robert
Slide 36: Maggie Creek Property: Carlin Type Gold Potential #2
Maggie Creek Property Carlin Type Gold Potential #2 \Y US. G te) LD Nasdaq: USAU | usgoldcorp gold
Slide 37: Drill Holes
Drill Holes Dill Hole * Dauill Hole Depth Grade Thickness © 1500 — 2450 feet P 1002/t-f Ar © 1000 — 1499 feet @ 05 o02/t-f A © 500-999 feet © 0202/t-ft Ar © 250-499 feet © 01oz/tft Ar bd 10-249 feet ye 241 holes A Holes drilled on land not in claim group are not known. AN Nasdaq: USAU | usgoldcorpgo
Slide 38: Targets
Targets Dail Hole Depth 1500 — 2450 feet 1000 — 1499 feet 500-— 999 feet 250— 499 feet 10— 249 feet NE Soap Creek Duill Hole Grade Thickness P 10o2/t-f Ar @ 05o02/t-ft A O 0202/t-f Ar |) 0.1 oz/t-f At Holes drilled on land not in claim group are not known. M\ Nasdaq: USAU | usgoldcorpgold. 38
Slide 39: Targets
Targets Drill Hole Grade Thickness @P 1002/tf A @ 05o02/th A O 0202/t-f A O 01 o2/tt Ar Maggie | Creek Claims ry Nasdaq: USAU | usgoldcorpgold. 39
Slide 40: Target Descriptions
Target Descriptions ‘Ear North Rainbow NE Soap Creek x Local gold intercepts on claims Down-dip continuation of drilled gold layer in decalcified upper-plate may be distal expression of larger gold concentration on ; footwall of Cress fault. Also potential] Soap Creek fault. Potential for ; hanging
Slide 41: Target Cross Section Traces
Target Cross Section Traces Daill Hole Depth NE Soap Creek 1500 — 2450 feet 1000 — 1499 feet 500— 999 feet 250— 499 feet 10— 249 feet Duill Hole Grade Thickness P 10 02/-HA @ 05o02/t-f A OQ 0202/tf Ar |) 0.1 o2/tft At Maggie Creek Claims ©, fault set Holes drilled on land not in claim group are not
Slide 42: Target Cross Section Traces
Target Cross Section Traces Dsill Hole Grade Thickness P 10 02/t-f A @P 05o02/t-f A O 0202/t-f A © 01 oz/t-ft A Maggie Creek Claims Holes drilled on land not in claim group are not known. WN Nasdaq: USAU | usgoldcorpgold 42
Slide 43: Schroeder - North Rainbow Target Section
Schroeder Fault (310) Duill Sample Grades (oJ O -o1eg/tau 0.1-03¢/tAu 03-05¢/tAu L{)} 05-1.0¢/tAu 1.0-3.0e/rAu MM -30e/tAu 9.1m of 0.29 g/t Au Section 23 North Rainbow Target Section A-’ Looking N45W Section 24 NW projection of gold-bearing dike (305); and/or, possible sill as may occur in holes MC-
Slide 44: North Rainbow at Cress Fault Target
North Rainbow at Cress Fault Target Section A-A” Looking N45W Intersection of; northern Chukar fault system and Cress fault, a structuge apparently parallel to the Good Hope fault. Lower-plate Roberts Mountains permissive host lithology. Upper-plate lithologies.also permissive hosts.for gold. Cress
Slide 45: Far North Rainbow Target
Far North Rainbow Target Section B-B’ Looking N45W Caleazeous, permeable perinissive host lithologies in upper plate units and in underlying Roberts Mtn$ formation R Cress ‘Fault MC-14 (315) MC82-6 MC-23 4.6m of 0.46 g/t Au 12.2m of 0.42 g/t Au Lo) 05-10g/tAu = 10-3.0g/t Au 3.0 g/t Au Section 2 Sect
Slide 46: Soap Creek Target Section C-C'
Cc Soa: Cre Faul (03: oe i | i t | -- = So target NL. 7m of 0772 g/t Au I 7.6m of 0.09 g/t Au | A i U ‘ 35.lm of 0.23g/tAu \ 12.2m of 0.08 g/t Au 7 9.1m of 0.17 g/t Au } Section 15 Section 14 Soap Creek Target Section C-C’ Daill holes BC-8 and -2 end in gold, Target trends behind MCT-22 and -10. SDr
Slide 47: Soap Creek Target Section D-D'
Soap Creek Fault (035) 12.2m of 0.12 g/t A 1.5m of 0.72 g/t a 13.7m of 0.30 g/t Au’ 7.6m of 0.35 g/t Au ‘| Section 15 Section 14 Soap Creek Target Section D-D’ Drill holes BC-2 and -3 end in gold. SDzm2 is repeated Roberts Mtns section. Ovis upper-plate Vining. Te is Carlin formation tuff Duill Samp
Slide 48: Summary
Summary Classical structure and stratigraphy that hosts the majority of gold ounces on the Carlin Trend Numerous ore grade and anomalous gold intercepts in historical drilling Mostly shallow, vertical historic drill holes Target opportunities beneath and adjacent to shallow intercepts New knowledge
Slide 49: Contacts
. for the current resource }] a major US Exchange — and valuation upside NASDAQ, with US ‘based on market comps” Contacts Edward Karr USS. Gold Carp: President & CEO Suite 102, Box 604 it@usgoldcorp.gold 1910.E Idaho St, www.usgoldcorp.gold Elko, NV 89801 +1 800 557 4550 : \\\ U.s. GOLD conr ee #