ELKO, Nev., Nov. 11, 2020 /PRNewswire/ -- U.S. Gold Corp.
(Nasdaq: USAU) (the "Company"), a gold exploration and development
company, is pleased to announce that Mr. Robert W. Schafer and Ms. Tara Gilfillan have been elected to the Board of
Directors. Following the recent Annual Shareholder Meeting,
George Bee has also been elected as
a Board member in addition, to being named the Company's President
& Chief Executive Officer. Edward
Karr remains on the Board and active in the company as
Executive Chairman. The Honorable Ryan Zinke continues to
serve on the Board.
Mr. Schafer is a registered professional geologist with over 35
years international experience exploring for and discovering
mineral deposits, four were producing mines including the Briggs
(over one million ounces) and Griffon gold mines in the
Western United States and
Birkachan (over one million ounces) gold mine in far east
Russia, and identifying,
evaluating and structuring business transactions globally having
worked in more than 80 countries. Mr. Schafer is the 2020 to 2021
president of the Society for Mining, Metallurgy and Exploration
(SME). He is also past president and board member of the PDAC, past
president of the CIM, and past president of the Mining and
Metallurgical Society of America. He was a member of the board of
governors for the U.S. National Mining Hall of Fame and the board
of directors of the Canadian Mining Hall of Fame. He is the first
person to hold all of these leadership roles in both the U.S. and
Canada.
Mr. Schafer is the recipient of the William Lawrence Saunders
Gold Medal from AIME, as well as the prestigious Daniel C. Jackling Award and Robert A. Dreyer Award from SME for technical
achievements and leadership in the mining industry during his
career. He is a fellow of CIM, SEG and SME, and a certified
director under ICD. Previously, Mr. Schafer was with Hunter Dickinson, Kinross Gold and BHP Minerals. He is founder and
Chief Executive Officer of Eagle Mines Management and is member of
the board of directors of select mining companies.
Ms. Tara Gilfillan is a CPA with
over 25 years of experience as a financial executive and serial
entrepreneur. She is currently the Founder and President of
Optimize Group Inc. a mine-to-mill project development engineering
company with offices in three continents. Ms. Gilfillan has
held executive positions including CFO and Controller of several
mining companies, CFO, and interim CEO of a global engineering
consulting company, co-founder of an engineering company, as well
as senior executive positions outside of the mining industry. Ms.
Gilfillan is a certified Independent Corporate Director, Director
(ICD.D) with over 10 year of board experience including Chairperson
and Chair of the audit committee of two gold junior mining
companies, director of a global engineering company as well as
several non-profit industry boards. Ms. Gilfillan is experienced in
financial turnarounds, acquisitions, valuations, risk reviews,
corporate governance, business and tax strategy, project
development, international operations, marketing, and financial
reporting for privately held & public companies (US &
Canada). She received her CPA
while working at PwC and a Bachelor of Commerce from Queens University, Ontario Canada.
Mr. Schafer stated, "I have known the U.S. Gold Corp. team since
the founding of the Company. I assisted as a consultant with
the original acquisition of Copper King, now the CK Gold Project
back in 2014. I am very optimistic on the future potential
for U.S. Gold Corp. Having a near-term production asset in
the mining friendly jurisdiction of Wyoming, with George
Bee leading the project forward, is exciting. I have
known George for many years and believe that he will be a great
operator to move all of the Company's assets to the next
level. I believe the Challis Gold project represents a
substantial opportunity and look forward to applying my industry
experience, guidance and contacts to help advance the
Company."
Edward Karr, Executive Chairman
of U.S. Gold Corp., stated, "It is a real pleasure to welcome Bob
and Tara to our Board. I believe that Bob and Tara are some
of the mining industry's top professionals and have an in-depth
knowledge of the exploration, development, regulatory and
permitting process for mining and exploration companies. Both
have tremendous experience, as developers of global mining projects
and they have vast experience in the Board room of mining
companies. We look forward to their future contributions to
the overall Board, corporate governance, audit and technical
committees."
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
View original
content:http://www.prnewswire.com/news-releases/us-gold-corp-elects-two-independent-members-to-the-board-of-directors-301170966.html
SOURCE U.S. Gold Corp.