U.S. Gold Corp. (NASDAQ: USAU): District Scale Gold Exploration in Nevada and Near Term Gold and Copper Production Potential in Wyoming, Interview with Edward Karr, President and CEO
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By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia University, NYC, USA
on 10/8/2018
U.S. Gold Corp. (NASDAQ: USAU) is a gold exploration and development company with two high potential exploration projects: Copper King in Southeast Wyoming, and Keystone, identified and consolidated by Dave Mathewson on the Cortez Trend in Nevada. The advanced-stage Copper King gold-copper porphyry project has a Preliminary Economic Assessment (PEA) technical report, showing robust resource and lots of exploration upside. The big blue-sky Keystone exploration property is located about 10 miles south of Barrick Gold's Cortez Hills mine and has a potential for a major gold discovery. We learned from Edward Karr, President and CEO of US Gold Corp., that 2018 has been a very active year for the company. They have completed several geochemical and geophysical surveys and started drilling at Keystone. They recently received environmental approval from the BLM. They have completed the summer drill program at Copper King that will generate news flow over the next several weeks. With a nice cash position, tight capital structure, no debt and two great properties in a safe jurisdiction with huge upside exploration potential, U.S. Gold Corp. is well positioned for the positive turn in gold market.
US Gold Corp Copper King gold-copper project
Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Edward Karr, who's President and CEO of U.S. Gold Corp. Could you give our readers/investors an overview of your Company and an update on what has been happening?
Edward Karr: Sure. I'd be happy to and thanks so much for having me back. U.S. Gold Corp is a public company, traded on the NASDAQ under the symbol USAU. We are advancing, what we believe to be, high potential exploration projects in the state of Wyoming and the state of Nevada.
In the state of Wyoming, we have our Copper King project. Copper King is an advanced-stage, gold-copper porphyry, with a lot of history and an existing deposit of known mineralization. Mine Development Associates has completed a preliminary economic assessment on the deposit, showing a robust resource there.
Then in Nevada, we have a big blue sky exploration property called Keystone. That has been identified and consolidated by Nevada exploration geologist, Dave Mathewson. Keystone is located about 10 miles south of Barrick Gold's Cortez Hills mine. We believe it shares a lot of similar geology and potential for a major gold discovery there.
Those are the two projects we currently have within the Company. For a general update of what's been going on, it's been a very active year for us, in 2018. We have completed several geochemical and geophysical surveys at Keystone. We announced some prior press releases on these programs in the early part of the year. We started drilling at Keystone in Nevada. We have already announced that.
We also put together, this summer, a Copper King drill program. We have now completed our Copper King summer drill program. We are awaiting assays. I would tell your readers to just watch our press releases over the next several weeks. We don't know exactly when those assays will be back, but I would think sometime within the next month we will have assay results coming out of Copper King.
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