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US Gold Corp. announces proposed 2020 drilling programme at Keystone Project

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Global Mining Review,

US Gold Corp., a gold exploration and development company, has recently announced the completion of the proposed 2020 drilling exploration programme at its 20 square mile Keystone project, located in Nevada's Cortez Trend.

This programme will potentially test several drill targets in areas previously untested and is intended to follow up on encouraging results from previous drilling. Upon commencement, drilling is planned to pursue Carlin-type and gold-silver skarn deposits in a variety of settings within the broader Keystone land package. Drilling is intended to commence once appropriate funding is secured.

Ken Coleman, US Gold Corp.'s Project Geologist, stated: "We look forward to assessing these Keystone targets in 2020 upon securing sufficient funding. The work we completed between 2016 and 2019 led to drilling the best hole to date at Keystone that we are aware of in 2019 Key19-05rc, in the Nina Skarn target area. Planned drilling in 2020 is expected to follow up on the gold mineralisation encountered at Nina Skarn, as well as at Sophia and Tip Top. Additionally, several previously untested, gold-bearing skarn occurrences are expected to be drill tested, as are Carlin-type targets in the Greenstone Gulch target area."

Coleman continued: "Our entire team is very much looking forward to the commencement of the 2020 Keystone drilling season, pending financing, re-opening of Nevada and BLM approval of cultural surveys. We are waiting for the snow to melt and the property to dry out to allow access. All of us were encouraged with our 2019 drilling results and feel strongly additional exploration efforts are warranted in the select target areas described above. Extensive ongoing analysis has brought us to this point, and we are excited to continue to test Keystone's significant potential. Encountering the strongest, thickest gold mineralisation we are aware of at Keystone in 2019, in the Nina Skarn target, has demonstrated the presence of a strong, gold bearing Eocene magmatic system at Keystone."

For the 2020 planned exploration programme, up to 22 angled and vertical drill holes are proposed within five high-potential target areas of Keystone. Planned drilling is expected to be composed of a mix of reverse circulation (RC) and core, especially within the Sophia target area, where the most encouraging drill results are associated with extensive void development in Lower Plate rocks. These areas include Nina Skarn, Sophia, Greenstone Gulch, Keystone and Sophia Skarn, and Tip Top (in order or priority). For those targets with two or more holes proposed, one hole is expected to be drilled and then drilling is planned to progress to the next target in priority, to allow time for results to be returned and analysed.

The company will potentially drill up to 38 200 ft (approximately 11 600 m) in up to 22 holes, and the programme is designed to assess a number of targets that have seen little or no historic drilling. Identification, qualification and prioritisation of these targets were determined by means of detailed surface geology, geochemistry, geophysics and recent Vulcan 3D modelling using surface and drill hole geologic information.

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