U.S. Gold Corp. Announces New Targets for Upcoming Commencement of Drilling at Maggie Creek, Carlin Gold Belt, in Nevada

, a gold exploration and development company, is pleased to announce plans for the commencement of core drill testing of a previously untested, covered Carlin-type target on its Maggie Creek project, located directly east of Nevada Gold Mines’ Gold Quarry mine and processing facilities.

Gold Corp.’s Chief Geologist, states, “We are very pleased to move forward with the initial assessment of this target concept in an area not previously tested due to thick post-mineral cover.

If the CA fault zone is truly through-going, then it should be projected along the Tertiary paleosurface and take into account offsets along the several Good Hope parallel faults that exist between Gold Quarry and Maggie Creek.

One-half of each drill core is maintained for future reference, and the other half of each drill core is sent to Bureau Veritas, an ISO 17025 accredited laboratory in Reno, Nevada to complete all sample preparation and assaying.

At this stage of the CK Gold Project development, focusing largely on the gathering of information from the field, our personnel, contractors and consultants do not need to come into close contact with others apart from work within individual pods such as the drill crew and core logging personnel.

Copper King, now the CK Gold Project, is located in Southeast Wyoming and has a Preliminary Economic Assessment technical report, which was completed by Mine Development Associates available on the US.

will be able to raise sufficient capital to implement future exploration programs, COVID-19 uncertainties, and other factors described in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov.

Note that a preliminary economic assessment is preliminary in nature, and it includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be classified as mineral reserves, and there is no certainty that the preliminary assessment will be realized.

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