U.s. Gold Corp. · NASDAQ:USAU

U.s. Gold — Investor Presentation (September 2023)

26 slides from U.s. Gold's investor presentation, Sep 8, 2023

  1. Slide 1: Keystone Overview

    Keystone Overview Discovering the next gold district on the Battle Mountain-Eureka Trend, NV Nasdaq: USAU | usgoldcorp.gold

  2. 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 Corp. has made reasonable efforts to ensure that the information contained in this

  3. Slide 3: Keystone Value Proposition

    Keystone Value Proposition District-Scale Exploration Potential in a Prolific Nevada Gold Trend Keystone - Nevada  North Central Nevada property located next to some of the largest gold producing mines in North America  Highly prospective 20 square mile claim block  Located on the prolific Battle

  4. Slide 4: Project Location and Regional Setting

    Keystone Project Location and Regional Setting Nevada, USA: Stable political environment, excellent infrastructure, local skilled workforce, local and regional processing facilities for a variety of ore types  20 square mile of prospective McEwen Mining’s Bar Gold Mine ground in the Battle Mountain

  5. Slide 5: Battle Mountain-Eureka Gold Trend

    Keystone Relative to Known Gold Deposits in the Battle Mountain-Eureka Gold Trend  Strong NW trending regional structural fabric is evident by gravity anomaly and terrain patterns. NW trending structures are major controls to mineralization at Keystone and elsewhere in the gold belt.  Favorable De

  6. Slide 6: Typical Keystone and Cortez Cross Sections

    Typical Keystone and Cortez Cross Keystone Sections Eocene Intrusive Wenban Exploration Target Area within Wenban Eocene Dike Swarm Cortez Wenban Wenban Ore Host Intrusive From Herron, 2018 Vectoring Cortez Hills Thesis usgoldcorp.co 6

  7. Slide 7: Cortez Complex Comparison to Keystone

    Cortez Complex Comparison to Keystone 51 million gold ounces produced and within mineral reserves and resources Cortez and Keystone Similarities  Within Battle Mountain - Cortez trend  Keystone 11 miles south of Cortez Complex  Extensive Wenban Fm across the entire property  Broad areas of eleva

  8. Slide 8: Claims and Permits

    Keystone Claims and Permits  Claim boundary – 11,811acres (47.8km2)  601 unpatented claims – 11,771.1acres (47.6km2)  2 groups of patented claims – 39.9acres (0.2km2)  Claims valid through 2024 subject to annual renewal  Plan of Operations approved (Blue outline) by BLM  Authorized for 100 acr

  9. Slide 9: Residual Gravity with Interpretation

    Keystone Residual Gravity with Interpretation  As of 2023, 3,893 gravity stations have been compiled for the Keystone project, with an approximately 100 meter staggered spacing over most of the property.  Strong, through-going northwest striking structures are well defined in the gravity interpret

  10. Slide 10: Geophysics

    Keystone Geophysics  Ground Mag by US Gold Corp. in 2017. 41 line kms at a 50m spacing, 2.04km2  CSAMT by Placer Dome in 2005 - 8 lines for 27.57 line kms  Induced Potential by Nevada Pacific Gold in 1999 – 0.66km2  Public air magnetics available at a coarse line spacing  Additional geophysics

  11. Slide 11: Surface Geochem – Arsenic in Soils

    Keystone Surface Geochem – Arsenic in Soils  7,230 soil samples in compiled database  Arsenic in soils appears to follow the large, northwest and northeast oriented gravity interpreted structures, and in a few cases, gravity lows (alteration). Which have been verified with surface mapping and dril

  12. Slide 12: Surface Geochem – Arsenic in Rock Chips

    Keystone Surface Geochem – Arsenic in Rock Chips  3,568 rock chip samples and 661 altered cobble samples taken to date  In addition, 210 whole-rock samples have been collected, along with 77 fossil samples for conodont-radiolarian age dating of stratigraphy  Arsenic anomalies concur with soil sam

  13. Slide 13: Hyperspectral Survey

    Keystone Hyperspectral Survey  Worldview-3 satellite data, acquired on June 15, 2022, by Exploration Mapping Group, Inc from Las Vegas, Nevada  Covers 150 km2  50 GIS layers including  Panchromatic and Natural color images  Vegetation and Soils  Iron rich soils and Iron Separation(iron mineral

  14. Slide 14: Drilling

    Keystone Drilling  Keystone first drilled in 1967 by Newmont  Explored by Chevron and Placer Dome  Best historical intercept is 1.6m @ 4.27ppm Au  Historical drilling averaged 427 feet (too shallow for Wenban targets)  2016-2019 US Gold drilling focused on deep targets generated by soil samplin

  15. Slide 15: Nina Skarn/Sophia

    Keystone Nina Skarn/Sophia  Intersection of prominent NW and minor NE structures from 2016-2018 gravity survey  Strong Arsenic, Antimony, and Thallium anomalies at structural intersection Section B-B’  Eocene Walti quartz monzonite and Mud Springs diorite comparable in age to Cortez Complex intru

  16. Slide 16: Nina Skarn Drilling

    Nina Skarn Drilling  Key19-05RC: 76.2m @ 0.224ppm Au, largest Au interval at Keystone, includes 12.2m @ 0.706ppm  Gold in garnet-pyroxene skarn within the Roberts Mountain Thrust contact between Comus and Horse Canyon, copper-bismuth-tellurium-antimony geochemical correlation with gold  Gold and

  17. Slide 17: Sophia Drilling

    Sophia Drilling  Key18-09RC:  18.3m @ 0.138ppm Au with elevated As, Bi, Tl, Hg, and Sb  10.7m @ 0.116ppm Au with elevated As, Bi, Tl, Hg, Sb, and Zn  Key19-07RC:  24.3m @ 0.110ppm Au with elevated As, Tl, Hg, Sb, Zn, and Ag  45.8m @ 0.059ppm Au with consistent anomalous Au and Ag >1ppm Ag  Ho

  18. Slide 18: Sophia Drilling

    Sophia Drilling  Key18-03RC:  9.2m @ 0.318ppm Au with elevated As, Se, Tl, W, >2000ppm Sb and >56ppm Ag  Hole stopped due to poor drilling conditions and no returns  Key17-03RC:  27.4m @ 0.118ppm Au with anomalous As and Tl  Mineralization in Wenban  Anomalous Arsenic in soil samples and mode

  19. Slide 19: Summary

    Keystone Summary  Located within the prolific Battle Mountain – Eureka Gold Trend  Close proximity to Barrick’s Cortez Hills mine complex and McEwen Mining Bar Gold Mine  BLM Plan operations permit in hand with 200 acres of approved disturbance  Favorable Devonian sedimentary rocks with Eocene i

  20. Slide 20: Strategy

    Keystone Strategy • Approved Plan of Operations for 22 holes • Follow-up of hyperspectral hot spots • Awaiting catalyst for additional exploration – Market enthusiasm for exploration – Partnership with ability to deploy capital on a robust and accelerated exploration program – Cashflow from develope

  21. Slide 21: The U.S. Gold Corp. Opportunity

    The U.S. Gold Corp. Opportunity Tight share structure & aggressively advancing two world-class assets  World-class portfolio, in stable and mining friendly U.S. jurisdictions. The portfolio offers investors both potential near-term production and sizeable blue sky exploration.  Team of renowned ex

  22. Slide 22: Metallurgy and Specific Gravity

    Keystone Metallurgy and Specific Gravity Metallurgy Specific Gravity  Analysis by Bureau Veritas, Reno, Nevada  Analysis by ALS Global, Reno, Nevada  Cyanide leach of 30g sample, 1 hour room  Specific gravity calculated by water displacement with temperature cyanide shake sealant coating  57 sa

  23. Slide 23: 2016-2019 U.S. Gold Corp. Drill Intercepts >0.3ppm Au

    2016-2019 US Gold Corp. Drill Intercepts >0.3ppm Au Hole ID From-m To-m Length-m Au-ppm Ag-ppm As-ppm Sb-ppm Hg-ppm Tl-ppm W-ppm Notes Key16-01C 285 286.5 1.5 1.735 0.900 3220.0 11.00 1.000 5.00 5.0 Key17-02RC 272.8 274.3 1.5 1.050 0.300 1230.0 7.00 0.500 5.00 5.0 Key17-03RC 48.8 50.3 1.5 0.731 0.40

  24. Slide 24: 2016-2019 U.S. Gold Corp. Drill Intercepts >0.3ppm Au

    2016-2019 US Gold Corp. Drill Intercepts >0.3ppm Au Hole ID From-m To-m Length-m Au-ppm Ag-ppm As-ppm Sb-ppm Hg-ppm Tl-ppm W-ppm Notes Key18-07RC 73.2 74.7 1.5 0.403 0.407 1048.1 3.82 4.016 2.41 0.1 155.4 158.5 3.1 0.525 0.145 4860.1 8.05 0.055 2.47 2.6 Key18-09RC 294.1 300.2 6.1 1.135 0.312 65.6 6.

  25. Slide 25: 2016-2019 U.S. Gold Corp. Drill Intercepts >0.3ppm Au

    2016-2019 US Gold Corp. Drill Intercepts >0.3ppm Au Hole ID From-m To-m Length-m Au-ppm Ag-ppm As-ppm Sb-ppm Hg-ppm Tl-ppm W-ppm Notes Key19-03RC 91.4 96 4.6 0.954 0.196 466.0 7.99 0.305 1.39 4.2 Key19-03RC 251.5 253 1.5 0.576 1.168 221.6 22.54 0.270 1.46 22.6 Key19-05RC 12.2 13.7 1.5 1.361 0.197 46

  26. Slide 26: Contact

    DEVELOPMENT PROVEN TEAM U.S. COMPANY HIGH UPSIDE PACKAGE Exciting combination of a Top quality U.S. Gold Corp. is a US Large growth potential later stage development management and based company, listed on for the current resource asset and exploration blue advisory team with a major US Exchange – a

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