ELKO, Nev., Aug. 25, 2020 /PRNewswire/ -- U.S. Gold Corp.
(NASDAQ: USAU) (the "Company"), a gold exploration and development
company, is pleased to announce that the Geological Society of
Nevada (GSN) 2020 Symposium has
published a paper on its Keystone Project, located on the Cortez
Trend in Nevada.
Ken Coleman, U.S. Gold Corp.'s
Project Geologist; Thomas Chapin,
Senior Consulting Geologist and Gabriel Aliagra, Geologist authored
the paper titled "Geologic and Exploration Update, Keystone
Project, Eureka County,
Nevada." The paper can be viewed at its entirety at:
https://www.usgoldcorp.gold/Keystone-GSN-2020
Ken Coleman commented, "A
tremendous amount of work has been done by U.S. Gold Corp. to
advance the Keystone project to its current state. Keystone is a
large, district scale project of 20 square miles and several areas
of the project have never, to our knowledge, had any prior
systematic, model driven exploration efforts. We are now at the
point where we have specific potential discovery targets identified
which is a culmination of the all the work done over the last 4
years which includes mapping, geophysics, geochemistry, permitting
and significant scout hole drilling. With our recent
acquisition of Northern Panther Resource Corporation and recent
financing efforts, we believe that we now have the financial
resources to move ahead with our 2020 Keystone exploration program.
Our recently appointed President, George
Bee and I are reviewing and refining our Keystone
exploration plans and plan to provide further updates in the near
future."
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 "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