U.S. Gold provides update on Keystone Project drilling potential

U.S. Gold announced the completion of a hyperspectral study of its 20-square mile Keystone project, located in Nevada’s Cortez Trend. This program has yielded the discovery of multiple high priority targets requiring further investigation adding to the targets identified from prior work. Currently the company prioritizes its permitting and development at the CK Gold Project. To enhance mineral exploration activities, Exploration Mapping Group completed a WorldView-3 satellite data remote sensing project for U.S. Gold Corp. centered over the Keystone project in Nevada to facilitate interpretation of ‘hotspots’ that represent a zonation of alteration assemblages. Field investigation and sampling of the highest priority hot spots is currently underway and expected to be completed by the end of September 2023. Up to 22 angled and vertical drill holes are proposed within five high-potential target areas of Keystone. In Nina Skarn, up to nine holes are planned in this target area to follow up on strong gold mineralization encountered in 2019 drilling, within hole Key19-05rc. Key19-05rc encountered two thick intervals of oxidized, cyanide soluble, gold-bearing skarn mineralization, including 67.06m of 0.194 g/t Au and 76.2m of 0.224 g/t Au, starting from surface. The 76.2m interval also contained an interval of 25.91m of 0.408 g/t Au. In Sophia, up to four holes are proposed to be drilled to follow up on previous drilling in the target area. in Greenstone Gulch, two holes are planned in this area, which has seen no previous drilling.