U.S. Gold Corp., a gold exploration and development company, has announced the first results of the recent 29-hole drilling programme for its CK Gold Project, an advanced stage gold and copper exploration and development project located just outside of Cheyenne, Wyoming. The results of the programme, which are 177.5 m (600 ft) of continuous gold, copper and silver mineralisation with an average gold equivalent grade of 1.126 g/t, demonstrate strong continuity of attractive gold and copper grades.
George Bee, President and CEO of U.S. Gold Corp. commented: "I'm very pleased with the data from this first hole as it not only validates the previous interpretation of the resource, it shows that there may be some better grade to further enhance the economics of the project. Furthermore, we have good values to chase at the bottom of the conceptual PEA pit resulting in exploration potential that will be our focus once we have cemented the project's value proposition in the pre-feasibility study."