|Over a week ago|
U.S. Gold updates pre-feasibility study for CK Gold Project, Wyoming » 07:5009/2909/29/21
U.S. Gold provided an…
U.S. Gold provided an update on its CK Gold Project located in Southeast Wyoming. The company saw considerable activity at the CK Gold Project during the summer, which is currently continuing in the fall of 2021, and expects to further advance the project to a permitting and development decision on a fast-track basis. Highlights of recent activities include: subsequent to site wetlands survey, the CK Gold Project received a non-jurisdictional determination from the U.S. Army Corps of Engineers; signed land and right-of-way agreement securing the project's footprint and access across private and onto State land; Prefeasibility Study expected by year-end 2021, currently undergoing optimization; advancing Feasibility Study fieldwork, building on PFS for anticipated FS completion by mid-2022; ongoing environmental baseline monitoring for potential filing of Mine Permit application in 2022. Management now expects the PFS will be released in Q4. Field activities progressing this summer and autumn at the CK Gold Project are intended to allow the project to move towards a full FS in 2022.
|Over a month ago|
U.S. Gold announces land agreement to grant access to develop CK Gold Project » 08:4809/1409/14/21
U.S. Gold announced it…
U.S. Gold announced it has entered into a land agreement with the surrounding land-owner that provides an option to lease additional land and grant access necessary to develop the CK Gold Project. The CK Gold Project is located in the mining-friendly state of Wyoming, 20 miles west of Cheyenne. U.S. Gold controls two Wyoming state leases that make up the CK Gold Project. Prior to this land agreement, the Company gained access to the project through an annual easement agreement with the local rancher, who is the primary landowner to the north and east of the CK Gold Project. The new agreement allows for an additional access route into the project off County Road 210, approximately two miles off the paved Happy Jack Road from the west. The mine development is expected to include new water resources that could eventually be used for irrigation and additional livestock watering, electrical infrastructure to power wells and pumps, and new fencing and roads to better access and utilize ranchlands.
|Over a quarter ago|
U.S. Gold says CK Gold project development on schedule » 10:3307/2207/22/21
U.S. Gold Corp. announced…
U.S. Gold Corp. announced that Kevin Francis has joined the company as Vice President - Exploration and Technical Services. Coinciding with Mr. Francis joining the company, Ken Coleman, Chief Geologist, has resigned "to pursue other opportunities that have been pending for some time," the company said. U.S. Gold stated: "To maintain the independent 'Qualified Person' review of the prefeasibility study, or PFS, resource and reserve statement, a function previously envisioned for Mr. Francis through his association with Gustavson Associates, a new independent QP is now completing a review of the work performed at the CK Gold Project to date. Subject to the completion of the review and recommendations, publication of the PFS will incur a slight delay beyond its mid-year target and is now expected in the third quarter. However, the company anticipates that the delay in the PFS will in no way effect the project's development schedule. Field work and data collection aimed at augmenting the data to be published in the PFS in the coming weeks is already underway. The objective of the 2021 field season work is to capture sufficient data to both complete Project permit applications and to close gaps in the data set to enable a feasibility study to be completed in early 2022. Additionally, the company is evaluating the potential incremental economic contribution from selling non-mineralized material as potential aggregate. Further studies are ongoing, and details will be provided as they become available."
U.S. Gold receives Bureau of Land Management approval for Keystone » 08:1405/1905/19/21
U.S. Gold has received…
U.S. Gold has received confirmation from the Bureau of Land Management that it accepted additional bonding for a further 50 acres of disturbance under its effective Plan of Operations, and as a result updated its potential 2021 summer exploration program at its 20-square-mile Keystone project, located in Nevada's Cortez Trend. This program will potentially test several drill targets in areas previously untested and is intended to follow up on preliminary results from previous years' drilling. Upon commencement, exploration is planned to pursue Carlin-type gold deposits in a variety of settings within the broader Keystone land package. U.S. Gold Corp. has received initial interest in the Keystone project from a variety of industry participants. As soon as access is possible throughout the project, further due diligence site visits will be conducted. Planned drilling in 2021 is expected to focus on the Sophia and Greenstone Gulch target areas, with a single hole at Tip Top to explore the Wenban 5 at depth to the east of previous drilling. For the 2021 planned summer exploration program, multiple angled and vertical drill holes are proposed within three high-potential target areas of Keystone.
U.S. Gold price target lowered to $20 from $25 at Alliance Global Partners » 07:0604/0804/08/21
Alliance Global Partners…
Alliance Global Partners analyst Jake Sekelsky lowered the firm's price target on U.S. Gold to $20 from $25 and reiterates a Buy rating on the shares after the company announced targets for its 2021 exploration program at the Maggie Creek Project in Nevada. The planned drilling at the project is expected to target deeper mineralization than previous operators had drilled for, Sekelsky tells investors in a research note. Given the recent exploration success at depth in the region, he believes the Maggie Creek exploration program has the potential to result in a discovery.
U.S. Gold files $50M mixed securities shelf 17:3902/1602/16/21
U.S. Gold files to sell 4.11M shares of common stock for holders 17:3302/1602/16/21
U.S. Gold announces $9.6M registered direct offering » 09:1601/2801/28/21
U.S. Gold announced that…
U.S. Gold announced that it has entered into a securities purchase agreement with certain institutional and accredited investors, providing for the purchase and sale of 914,136 shares of common stock at a price of $10.54 per share in a registered direct offering, resulting in total gross proceeds of approximately $9.6M. The company also agreed to issue unregistered warrants to the investors in a concurrent private placement to purchase up to one-half share of common stock for each share of common stock purchased with an exercise price of $14.50 per share. The warrants will be exercisable six months following the issuance and will expire five years following the initial exercise date. The closing of the sale of the securities is expected to take place on or about January 29, subject to the satisfaction of customary closing conditions. Following completion of the offering, the company is expected to have 6,788,285 shares of common stock issued and outstanding. Palladium Capital Group, acted as a financial advisor to the issuer.
U.S. Gold initiated with a Buy at Alliance Global Partners » 07:1401/1101/11/21
Alliance Global Partners…
Alliance Global Partners analyst Jake Sekelsky initiated coverage of U.S. Gold with a Buy rating and $25 price target. He views 2021 as a pivotal year as he expects the company's pre-feasibility study due in the first half of the year to result in improved economics at the cornerstone gold-copper CK Project in Wyoming, Sekelsky tells investors.
U.S. Gold announces additional results of drilling program for CK Gold Project » 09:3512/2912/29/20
U.S. Gold announced…
U.S. Gold announced additional results of the recent twenty-nine hole drilling program for its CK Gold Project, an advanced stage gold and copper exploration and development project located just outside of Cheyenne, Wyoming. Comments on hole CK20-04cB results: Shows continuous, attractive gold and copper grades for the length of the hole and verifies historic drill results in the core of the deposit; Drilled vertical in known mineralization, parallel to strike and along steep dip in the center of a historically drill defined higher-grade zone that appears open at depth to the northwest; Terminated at planned depth in lower-grade mineralization for priority metallurgical purposes; Native copper in core from CK20-04cA. Results from hole CK20-04cB continue to demonstrate the continuity of attractive gold and copper mineralization within this part of the CK Gold Project deposit. The higher-grade material starting at surface to approximately 100 feet depth is characterized by strongly foliated-gneissic granodiorite showing abundant iron oxides, native copper and green secondary copper minerals. This is followed at depth by a thin zone of mixed iron oxides, pyrite, chalcocite and chalcopyrite, and gives way at further depth to primary mineralization dominated by chalcopyrite with some bornite. Previous operators interpreted this highly sheared zone to be silicified but the Company's work shows much of the silicification to be quartz segregations in gneissic fabric. To date, intensity of shearing seems to visually correlate with sulfide content. See the links above which provide a cross section of hole CK20-04cB and a link to U.S. Gold's VRIFY deck which shows all holes released to date relative to historical drilling.