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Prospector News Podcast – US Gold Corp “Copper King is Shovel Ready!”

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Prospector News Podcast – US Gold Corp “Copper King is Shovel Ready!”

 

 

 

 

 

Prospector News Publisher Michael Fox is Joined by US Gold Corp (NASDAQ:USAU) President, CEO and Director George Bee to discuss the company’s Wyoming Based Copper King (CK) Project. We discuss how the project had been shelved by the company until new eyes (George’s) looked at it again and realized its potential in the new environment. The project is shovel ready, in a favorable jurisdiction, with green energy and plenty of infrastructure.

 

About the CK Project

 

The CK Gold Project property is located in the Silver Crown mining district of southeast Wyoming, approximately 20 miles west of the city of Cheyenne, on the southeastern margin of the Laramie Range. The property comprises about 1,120 acres (2 square miles) and is 100% owned by U.S. Gold Corp. In December, 2021, the company released the project’s SK-1300 Technical Report Preliminary Feasibility Study, PFS (by Gustavson Associates LLC). The project offers the company near-term, open-pit production potential as well as compelling value.

 

The CK Gold Project deposit is a development stage, large-tonnage, gold-copper deposit with high-grade mineralization exposed at the surface surrounded by a large, low-grade zone with potential for expanding resources. The project’s main zone deposit provides a SK-1300 compliant Proven and Probable (P1+P2) reserve and shows the highlights as follows*:

 

Prefeasibility Study Highlights:

Mineral Resources

1.58 million gold equivalent ounces of Measured and Indicated Resources

  • An additional 0.357 million AuEq ounces of inferred resource

M+I includes: Gold

1.110 million ounces and Copper

280 million lbs

  •  Mineral Reserves

1.44 million AuEq ounces of Proven and Probable (P1 and P2) Reserves

  • P1 and P2 includes:

Gold 1.010 million ounces and Copper 248 million lbs

  • 10-year Mine Life at 20,000 short tons per day process rate

Average AuEq production: 108,500 ounces per year

First 3-years: 135,300 AuEq ounces per year

  • Initial Capital: $221 million

 

About U.S. Gold Corp.

 

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. The CK Gold Project is located in Southeast Wyoming and has a Preliminary Feasibility Study technical report, which was completed by Gustavson Associates, LLC. The Keystone exploration property is on the Cortez Trend in Nevada. The Challis Gold Project is located in Idaho.

 

U.S. Gold Corp. (USAU) (usgoldcorp.gold) 

 

 

Posted August 2, 2023

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