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 its participation in the 2021 Precious Metals Summit Beaver Creek from September 8-11, 2021. During the event, management will hold one-on-one meetings and provide updates on the CK Gold Project and an upcoming pre-feasibility study. The company's President & CEO, George Bee, will present on September 9 at 8:45 a.m. MDT. This hybrid conference will connect institutional investors with leading precious metals companies, enhancing networking opportunities.
U.S. Gold Corp. (NASDAQ: USAU) has launched a dedicated website for its CK Gold Project in Wyoming, showcasing project details and its potential benefits to the local community. The project, highlighted in a Preliminary Economic Assessment (PEA), demonstrates high-grade mineralization and plans to operate an open pit, potentially generating a gold-copper concentrate. Ongoing community outreach has been well received. A pre-feasibility study (PFS) is expected by the end of September 2021, advancing the project towards production. U.S. Gold Corp. aims to file a mine plan permit in early 2022.
U.S. Gold Corp. (NASDAQ: USAU) announced the appointment of Kevin Francis as Vice President of Exploration and Technical Services, bringing over 32 years of experience in the mining industry. His expertise will be pivotal as the company advances its CK Gold Project, where a prefeasibility study (PFS) is slightly delayed to Q3 2021. Despite this, the development schedule remains on track. Concurrently, Ken Coleman has resigned as Chief Geologist. The Company's fieldwork is ongoing to support the PFS and feasibility study completion by early 2022.
U.S. Gold Corp. (Nasdaq: USAU) has announced that founder Edward Karr will give corporate updates at the A.G.P. Metals and Mining Showcase 2021 on July 13, 2021. This virtual event allows for 1-on-1 meetings between investors and the management team. U.S. Gold Corp. focuses on gold exploration and has several properties, including the CK Gold Project in Wyoming, which has a Preliminary Economic Assessment. Investors can get more details and schedule meetings through their A.G.P. representative.
U.S. Gold Corp. (NASDAQ: USAU) announced the completion of drilling at its Maggie Creek Project in Nevada. The 2021 program focused on a previously untested deep target and involved two core holes. The first hole, MC21-1c, reached 2,937 feet, revealing significant alteration but no high-grade gold. The second hole, MC21-2c, was capped at 1,503 feet, showcasing intense clay alteration. Initial assays suggested only anomalous gold presence. The company plans to analyze drilling data and prepare for future exploration. CEO George Bee emphasized the potential of the Maggie Creek site for future discoveries.
U.S. Gold Corp. (Nasdaq: USAU) announced its inclusion in the Russell Microcap® Index, effective June 28, 2021, following the annual reconstitution. This membership, lasting one year, suggests strong growth potential and automatic inclusion in related style indexes. The company's founder highlighted progress toward completing the CK Gold Project's Pre-Feasibility Study and advancements in summer exploration programs. Notably, the Bureau of Land Management's acceptance of additional bonding allows further exploration at the Keystone project, while drilling continues at the Maggie Creek project.
U.S. Gold Corp. (NASDAQ: USAU) announces a series of investor update webinars throughout June 2021, hosted by CEORoadshow, to engage with shareholders during COVID-19. CEO Edward Karr will present updates and answer questions, emphasizing the importance of communication and safety. Webinar dates include June 1, 8, 15, and 29, 2021, starting at 11:30 am ET. U.S. Gold Corp. explores projects like the CK Gold Project in Wyoming and properties in Nevada and Idaho. For more details, visit U.S. Gold Corp..
U.S. Gold Corp. (Nasdaq: USAU) has updated the status of its Challis Gold Project in Idaho, moving towards a Plan of Operations (PoO) for exploration. The project hosts a historic inferred resource of 313,825 ounces of gold at 1.22 g/t grade. The PoO will encompass future exploration and drilling activities, adhering to regulatory guidelines. Current summer activities include geological mapping and sampling to define gold structures. The company has also received interest from potential partners for joint ventures. A timeline for the PoO approval remains unclear.
U.S. Gold Corp. (USAU) announced plans for a 2021 summer exploration program at its Keystone project in Nevada's Cortez Trend, following BLM approval for an additional 50 acres. The program aims to assess several previously untested drill targets, focusing on Carlin-type gold deposits. Initial interest from potential joint-venture partners has been received. Drilling will target areas such as Sophia and Greenstone Gulch. CEO George Bee expresses optimism about discovering high-grade gold, which could significantly benefit shareholders.
U.S. Gold Corp. (NASDAQ: USAU) will present at the Benzinga Global Small Cap Conference on May 14, 2021, at 10:10 a.m. E.T. Edward Karr, the Company's founder, will discuss advancements in its mining assets, including updates on the CK Gold Project, as well as exploration plans for the Maggie Creek, Keystone, and Challis Gold Projects. The conference takes place virtually on May 13-14. Investors can register for the event here.
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