CHEYENNE, Wyo., Aug. 17, 2021 /PRNewswire/ -- U.S. Gold
Corp. (NASDAQ: USAU), a gold exploration and development company,
is pleased to announce the launch of a website dedicated to its CK
Gold Project in Wyoming. The website is available at:
https://www.ckgoldmine.com.
Additionally, a newly updated video of the CK Gold project can
be viewed here.
The CK Gold Project is located in the mining friendly
State of Wyoming, 20 miles west of
Cheyenne. It has been identified as a project of merit in the
Company's December 2017 Preliminary
Economic Assessment (PEA) by Mine Development Associates, an
independent mining consulting firm retained by the Company.
Highlights of the PEA covering CK Gold include high-grade
mineralization exposed at the surface, with potential for expanding
the resource. Over the last 12 months, U.S. Gold Corp. has
proactively reached out to numerous local officials in the greater
Cheyenne area, as well as local
ranchers, property owners, and other interested stakeholders.
In the first half of 2021, Company officials have attended more
than 40 meetings with over 120 participants in Cheyenne and Laramie, WY. Overall, the reception has
been positive and well received.
The new CK Gold Project website provides an overview of the
project, the potential benefits to the local community, and
information on the mining processes it may utilize. The CK
Gold Project is anticipated to be an open pit operation, producing
a gold, copper concentrate by gravity and flotation. The
Company is exploring the possibility of using the future open pit
as a reservoir for additional water storage, to address anticipated
future water needs for the greater Cheyenne area. Additional geotechnical
and hydrology studies are underway as part of the 2021 field season
activities to support the viability of the open pit as a potential
water storage facility.
U.S. Gold Corp.'s President and CEO Mr. George Bee stated, "We are proud to publish this
dedicated website and video to provide our followers and all direct
and indirect stakeholders an excellent visual overview and
understanding of the CK Gold Project and our development
programs. Transparency is important to U.S. Gold Corp.,
and proactive communication and community outreach is a critical
component of our plans. As part of our outreach efforts, we've
joined industry organizations, and opened an office in Cheyenne where interested parties can learn
more about the project."
Mr. Bee added, "The CK Gold Project is a robust resource and we
look forward to the formal release of our pre-feasibility study
(PFS) expected by the end of September. The PFS will be the
culmination of all the previous field and technical work which has
occurred in the past year. It will have an updated mineral
resource report and economic model, to advance the Project towards
a production decision. Our 2021 summer programs are well
underway in Wyoming including
ongoing base-line studies, additional geotechnical and engineering
studies, metallurgy, hydrology and resource expansion. We
anticipate moving the project to a full bankable feasibility study
by early 2022 and filing our mine plan permit."
U.S. Gold Corp.'s Vice President of Exploration & Technical
Services, Mr. Kevin Francis
commented, "We are on track to complete the new CK drilling program
by November and are excited to receive all the assay results and
updated technical study conclusions. The CK Gold Project is unique
in that the consistency of the mineralization is extremely uniform
throughout the deposit and lends well to future mining. We
anticipate being in a position to file our mine plan permit in
early 2022 as we advance the project towards the final feasibility
study and production decision."
About U.S. Gold Corp.
U.S. Gold Corp. is a publicly traded, U.S. focused gold
exploration company. U.S. Gold Corp. has a portfolio of exploration
properties. Copper King, now the CK Gold Project, is located in
Southeast Wyoming and has a
Preliminary Economic Assessment (PEA) technical report, which was
completed by Mine Development Associates. Keystone and
Maggie Creek are exploration
properties on the Cortez and Carlin Trends in Nevada. The
Challis Gold Project is located in Idaho. For more information about U.S.
Gold Corp., please visit www.usgoldcorp.gold
Safe Harbor
Certain statements in this press
release are forward-looking within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements may be
identified by the use of forward-looking words such as "will,"
"anticipate," "believe," "forecast," "estimated," and "intend,"
among others. These forward-looking statements are based on U.S.
Gold Corp.'s current expectations, and actual results could differ
materially from such statements. There are a number of factors that
could cause actual events to differ materially from those indicated
by such forward-looking statements. These factors include, but are
not limited to, risks arising from: the prevailing market
conditions for metal prices and mining industry cost inputs,
environmental and regulatory risks, risks faced by junior companies
generally engaged in exploration activities, whether U.S. Gold
Corp. will be able to raise sufficient capital to implement future
exploration programs, COVID-19 uncertainties, and other factors
described in the Company's most recent Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, and Current Reports on Form
8-K filed with the Securities and Exchange Commission, which
can be reviewed at www.sec.gov. The Company has based
these forward-looking statements on its current expectations and
assumptions about future events. While management considers these
expectations and assumptions to be reasonable, they are inherently
subject to significant business, economic, competitive, regulatory,
and other risks, contingencies, and uncertainties, most of which
are difficult to predict and many of which are beyond the Company's
control. The Company makes no representation or warranty that the
information contained herein is complete and accurate and we have
no duty to correct or update any information contained
herein.
For additional information, please contact:
U.S. Gold Corp. Investor Relations:
+1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold
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SOURCE U.S. Gold Corp.