U.S. Gold Corp. 2018 Drilling

U.S. Gold Corp.'s Autumn 2018, target-specific, drilling program is approaching completion at its 20 square mile, Keystone project, in Nevada's Cortez Trend. The program has consisted of 6 reverse circulation drill holes, totaling approximately 10,000 feet (approx. 3,500m), and is testing several drill targets in areas previously inaccessible with a drill because of permitting limitations. Identification and qualification of these targets has been in progress since the onset of the exploration program almost 3 years ago. This targeting effort has included iterative detailed gravity surveys, detailed geological mapping and associated prospecting, rock sampling and detailed gridded soil surveys, in addition to prior scout hole drilling. 2016-2018 scout-type drill holes, comprised of 22 individual holes drilled from 15 total drill sites, have importantly added to the knowledge of, and geological understandings of the permissive lithologies and favorable stratigraphy of the project. Scout drilling has also encountered thick sections of permissive rock, including Horse Canyon, Wenban, and Roberts Mountains Formations (similar host rock packages to the sizeable deposits at the north of the Cortez Trend), hosting anomalous to multiple gram gold intervals associated with very anomalous and thick intervals of pathfinder metals. The Autumn 2018 drilling program will now provide a first test to some of the most compelling targets on the Keystone project, with assay results anticipated by mid to late January, 2019.

Please click the following for summary drill tables of past drilling campaigns:

Fall 2016 Drill Summary Table
Early 2017 Drill Summary Table
Fall 2017 Drill Summary Table

Historical Drilling

Historic drilling at Keystone was comprised of about 240 holes, drilled to an average depth of about 300 feet. Past operators of the project include; Newmont, Chevron, USMX, Placer Dome and McEwen Mining Co. However, the Keystone area land positions were fragmented with multiple owners and acquisitions were problematical, inhibiting district-wide exploration programs. Keystone's geology and prospectivity were poorly understood and certainly under-appreciated, i.e. no Pipeline, Cortez Hills, Goldrush, etc. reference. Prior drilling consisted of typical 1980's drilling - conventional and RC drilling looking for shallow oxide, gold mineralization. Nevertheless, high grade and thick intercepts of gold have been encountered as follows: