Welcome to our dedicated page for U.S. Gold news (Ticker: USAU), a resource for investors and traders seeking the latest updates and insights on U.S. Gold stock.
U.S. Gold Corp. (Nasdaq: USAU) is a publicly traded gold exploration and development company headquartered in Elko, Nevada. Specializing in the exploration of gold and copper resources, the company is progressing with several key projects across the United States.
Among U.S. Gold Corp.'s significant assets is the CK Gold Project located in the Silver Crown Mining District of Wyoming. Known for its high economic potential, the project boasts a proven and probable reserve of 1.01 million ounces of gold and 248 million pounds of copper. Recent developments include the approval of the Mine Operating Permit, positioning the project to produce copper concentrate, meeting the rising demand for copper driven by electrification and green technologies.
Another cornerstone asset is the Keystone Project, situated in Nevada's Cortez Trend. Recent hyperspectral studies have identified numerous high-priority targets, leading to an ongoing drilling exploration program. The Keystone Project holds significant potential for Carlin-type and gold-silver skarn deposits, further enriched by remote sensing and surface investigations.
The Challis Gold Project in Idaho also forms part of U.S. Gold Corp.'s exploration portfolio. This project is strategically important, lying close to other major projects and offering promising prospects for gold exploration.
In addition to its exploration activities, U.S. Gold Corp. actively engages in financial and strategic partnerships. The company recently raised approximately $4.9 million through a securities purchase agreement to fuel its operations and development projects.
Guided by a seasoned management team, U.S. Gold Corp. is navigating towards becoming a leading producer of gold and copper in the United States. The company's meticulous focus on obtaining necessary permits and advancing its projects underscores its commitment to delivering value to shareholders while responsibly managing environmental and regulatory aspects.
U.S. Gold Corp. (NASDAQ: USAU) has announced a series of electronic investor update webinars scheduled for April, hosted by CEORoadshow. CEO Edward Karr will provide updates on the company and engage with shareholders, emphasizing the importance of communication during the volatile COVID-19 period. This initiative is aimed at ensuring safety while keeping stakeholders informed. The webinars promote interactive participation from the comfort of attendees' homes. For more details, visit usgoldcorp.gold/april-webinars.
U.S. Gold Corp. (NASDAQ: USAU) announced significant findings from its CK Gold Project drilling program.
Drill hole CK20-03c yielded 182.1m of continuous mineralization at 2.065 g/t AuEq.
Preliminary evaluations indicate a potential increase in gold grades compared to the 2017 Preliminary Economic Assessment.
Ongoing work for the Pre-Feasibility Study is on schedule for completion by the end of Q2 2021, including metallurgical testing showing improved recovery rates.
U.S. Gold Corp. (Nasdaq: USAU) has provided an update on its metallurgical testing for the CK Gold Project. Between September and November 2020, the company completed 30 drill holes, yielding 4,652 feet of mineralization. Preliminary tests show improved gold (65-72%) and copper (55-60%) recoveries, particularly from high-grade oxide samples. The metallurgical insights could enhance project economics. The company prepares for locked cycle tests to validate these findings. Overall, the results encourage further development of the CK Gold Project.
U.S. Gold Corp. (NASDAQ: USAU) announced a securities purchase agreement for a registered direct offering of 914,136 shares at $10.54 per share, totaling approximately $9.6 million in gross proceeds. The Company will also issue unregistered warrants for half a share at an exercise price of $14.50, exercisable after six months and expiring in five years. The transaction is expected to close around January 29, 2021, subject to customary conditions. Post-offering, the total shares outstanding will rise to 6,788,285.
U.S. Gold Corp. (Nasdaq: USAU) announced a CEO update detailing recent and future milestones in advancing its mining projects. Significant highlights include updates on the CK Gold Project in Wyoming, initial encouraging drill results, and progression to a Pre-Feasibility Study. CEO George Bee expressed pride in the company's achievements since August 2020 and anticipates a busy 2021, with the Pre-Feasibility Study expected to be completed in the first half of the year. The full update is available on their website.
U.S. Gold Corp. has appointed Michael Waldkirch as an Independent Director, effective immediately. Waldkirch brings extensive experience in cross-border accounting, taxation, and governance, having served as CFO for Gold Standard Ventures. He will also join the Audit Committee as a financial expert. This strategic appointment aims to enhance the company's board expertise at a critical growth juncture. U.S. Gold Corp. focuses on gold exploration, with projects in Wyoming, Nevada, and Idaho, and is actively looking to advance its exploration portfolio.
U.S. Gold Corp. (NASDAQ: USAU) announced it will hold electronic investor update webinars in January 2021. Executive Chairman Edward Karr will present updates and answer questions. The initiative aims to engage shareholders amidst the COVID-19 pandemic while ensuring safety through virtual meetings. The company emphasizes the importance of communication during market uncertainty. U.S. Gold Corp. focuses on gold exploration, notably the CK Gold Project in Wyoming and other properties in Nevada and Idaho. For the full webinar schedule, visit their website.
U.S. Gold Corp. (NASDAQ: USAU) reported significant results from its recent drilling program at the CK Gold Project near Cheyenne, Wyoming. Hole CK20-04cB revealed a continuous interval of attractive gold and copper mineralization, including 5.708 g/t gold equivalent over 78.3 meters. This challenges previous assumptions of the project being low-grade and underscores the potential for quicker payback if a positive Preliminary Feasibility Study is completed. Metallurgical analysis is ongoing, and the company remains committed to enhancing its exploration capabilities while adhering to COVID-19 safety protocols.
U.S. Gold Corp. (NASDAQ: USAU) announced significant results from its CK Gold Project drilling program. The recent hole CK20-02c revealed continuous gold and copper mineralization with an average grade of 1.003 g/t AuEq over 176.8 meters. These results show attractive grades starting at the surface, enhancing project economics by minimizing pre-stripping costs. The drill holes demonstrated mineralization continuity and confirm findings from historic data. The company plans to adjust average grades with additional sample assays. Further studies on resource classification are underway.
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