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) 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.
U.S. Gold Corp. (NASDAQ: USAU) announced a letter to shareholders detailing recent achievements and future goals. Key highlights include the acquisition of Northern Panther Resource Corporation, enhancing its portfolio with the Challis Gold Project in Idaho, and strengthening its management team by appointing George Bee as President and Eric Alexander as CFO. The company has also initiated a Pre-Feasibility Study for the CK Gold Project. CEO Edward Karr expressed optimism about the company’s growth despite the challenges posed by the COVID-19 pandemic.
U.S. Gold Corp. (NASDAQ: USAU) announced its Annual General Meeting (AGM) set for November 9, 2020, at 8:00am PT, to be held virtually due to COVID-19. Shareholders of record as of September 18, 2020, can participate. The company has mailed a Notice of Internet Availability of Proxy Materials with instructions for accessing proxy materials online, including the proxy statement and Annual Report for the year ended April 30, 2020. For more details, shareholders can visit www.usgold.vote.
U.S. Gold Corp. (NASDAQ: USAU) announces a series of electronic investor update webinars throughout October 2020, hosted by CEORoadshow. CEO Edward Karr will lead the sessions, providing updates and engaging with shareholders. This initiative aims to maintain communication during the COVID-19 pandemic, allowing stakeholders to participate safely from home. The company emphasizes its commitment to shareholder welfare amidst ongoing market volatility. Details for the webinars can be found on their website.
U.S. Gold Corp. (NASDAQ: USAU) announced that CEO Edward Karr will present at the H.C. Wainwright 22nd Annual Global Investment Conference, held virtually from September 14-16, 2020. Karr's presentation is scheduled for September 15 at 2:30 PM ET, where he will discuss the company's recent acquisition of Northern Panther Resource Corporation and the appointment of George Bee as President. The presentation will be accessible on U.S. Gold Corp.'s Investor Relations page.
U.S. Gold Corp. provided an exploration update on the CK Gold Project, highlighting the ongoing Prefeasibility Study with active drilling to optimize gold and copper recovery rates. Fresh mineral samples aim to enhance flotation and gravity recoveries, with drilling expected to conclude by October. The project benefits from recent increases in gold and copper prices, now seen as economically favorable. U.S. Gold Corp. is also committed to environmentally sound mining practices, aligning with sustainability initiatives to improve community impact in Wyoming.
U.S. Gold Corp. (NASDAQ: USAU) announced a series of electronic investor update webinars for September 2020, hosted by CEORoadshow. CEO Edward Karr will present the company’s outlook and engage with shareholders. This initiative aims to maintain communication amid the ongoing volatility caused by the COVID-19 pandemic, ensuring safety through virtual interactions. Furthermore, U.S. Gold Corp. holds exploration properties including the CK Gold Project in Wyoming and others in Nevada and Idaho. For further details, visit their website.
U.S. Gold Corp. (NASDAQ: USAU) has announced the publication of a paper on its Keystone Project by the Geological Society of Nevada. The paper, authored by the company's geologists, highlights significant advancements in exploration efforts over the past four years, identifying specific discovery targets within the project's 20 square miles. Following the acquisition of Northern Panther Resource Corporation, U.S. Gold Corp. is positioned with the necessary financial resources to move forward with its 2020 exploration program. Further updates on the exploration plans are anticipated.
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