U.S. Gold Corp. - USAU STOCK NEWS

U.S. Gold Corp. (NASDAQ: USAU) announced positive results from its twenty-nine hole drilling program at the CK Gold Project in Wyoming. Notably, the program revealed 177.5 meters of continuous mineralization with an average gold equivalent grade of 1.126 g/t. CEO George Bee highlighted that these results validate earlier resource interpretations and indicate potential for higher grades, enhancing project economics. The findings are expected to support further exploration and a Pre-Feasibility Study in the region.

U.S. Gold Corp. (NASDAQ: USAU) announced its end-of-field season report for the CK Gold Project in Wyoming, highlighting significant progress in the Pre-Feasibility Study (PFS). Key achievements include 11,655 man-hours worked with no reported injuries, extensive drilling totaling over 12,000 ft, and environmental baseline data collection. The company is poised to advance the project rapidly upon receiving assay results. Geotechnical and hydrological assessments are ongoing, with an emphasis on safety protocols during COVID-19. The PFS aims to enhance resource understanding and recovery methods.

U.S. Gold Corp. (Nasdaq: USAU) announced that its newly appointed Director, Tara Gilfillan, has been recognized as one of the 100 Global Inspirational Women in Mining. This recognition highlights the increasing role of women in the mining industry and their contribution to leadership. Gilfillan leads Optimize Group, a consultancy focused on project development in mining. The announcement reflects the company's commitment to diversity and inclusion in mining, as recognized by the Women in Mining organization, which aims to enhance opportunities for women in the sector.

U.S. Gold Corp. (USAU) announces its participation in the H.C. Wainwright Mining Conference held virtually from November 30 to December 1, 2020. Executive Chairman Edward Karr will present a business overview on December 1, 2020, at 9:00 AM ET. Investors can register for the event and request one-on-one meetings with the management team. U.S. Gold Corp. focuses on gold exploration with properties in Wyoming, Nevada, and Idaho, underscoring its commitment to developing its projects and engaging with institutional investors.

U.S. Gold Corp. (Nasdaq: USAU) has announced the election of Robert W. Schafer and Tara Gilfillan to its Board of Directors. Following the Annual Shareholder Meeting, George Bee was also elected as a Board member and named President & CEO. Schafer, a seasoned geologist with over 35 years of experience, and Gilfillan, a CPA with extensive financial expertise in mining, are expected to enhance the company's strategic direction. The company focuses on gold exploration with key projects in Wyoming, Nevada, and Idaho.

U.S. Gold Corp. (Nasdaq: USAU) reported the successful outcomes of its annual shareholder meeting held on November 9, 2020. Key approvals included the conversion of Series H and I Preferred Stock into common shares, the election of five directors, an amendment to the 2020 Stock Incentive Plan, and the ratification of Marcum, LLP as independent auditor for the fiscal year ending April 30, 2021. Executive Chairman Edward Karr expressed gratitude to shareholders for their participation and emphasized a focus on value creation and advancing exploration efforts.

U.S. Gold Corp. (NASDAQ: USAU) announced an update on the Pre-Feasibility Study (PFS) for the CK Gold Project in Wyoming, with field activities continuing since August 2020. Surface samples have shown promising gold and copper values, with grades reaching up to 11.9 g/t gold and 2.316% copper. The PFS involves multiple phases including re-logging historic drill cores and extensive drilling to enhance resource classification. The final PFS report is expected in early 2021, with an emphasis on thorough data collection to ensure rapid project advancement.

U.S. Gold Corp. (Nasdaq: USAU) has announced its plans for the Maggie Creek exploration project located in Nevada's Carlin Trend, adjacent to Newmont's Gold Quarry mine. The company aims to explore high-grade gold deposits, focusing on four key target areas based on historical drilling data and new geological insights. Initial drilling efforts will target shallow mineralized zones projected to extend into deeper structures. Despite the promising exploration potential, the company faces challenges including market volatility, environmental risks, and the need for capital to fund its operations.

U.S. Gold Corp. (NASDAQ: USAU) announced that CEO Edward Karr will present at the Precious Metals Summit Europe virtual conference on November 3, 2020. The presentation will cover the company's recent acquisition of Northern Panther Resource Corporation and its Challis Gold Project in Idaho. Karr will also introduce new senior executives, George Bee as President and Eric Alexander as CFO. Participants can access the presentation on the U.S. Gold Corp. investors page.