Widest Silver Intersection At El Gallo

TORONTO, ON Ð US Gold reported that core drill results from the El Gallo project in Sinaloa State, Mexico have returned the widest intersection to date and extended the mineralization at depth: 12.3 ounces of silver per ton (opt) (423.3 grams per tonne (gpt)) over 34.4 feet (ft) (10.5 meters (m)), including 33.8 opt silver (1,160.0 gpt) over 2.8 ft (0.9 m). This interval was inside of a wider zone that averaged 3.9 opt silver (135.4 gpt) over 316.6 ft (96.5 m). Another high-grade intercept was: 64.5 opt silver (2,210.0 gpt) over 1.3 ft (0.4 m).
"Each of the 18 core holes drilled at El Gallo has encountered encouraging mineralization, including some exceptional high-grade intercepts (305.1 opt silver (10,461.0 gpt)) and the potential to add to this discovery looks promising. As our regional prospecting moves north, we are seeing exciting new areas that US Gold geologists believe have similar characteristics to El Gallo," stated Rob McEwen, Chairman and CEO, US Gold.
Significant mineralization was encountered throughout core hole GAX017, which intersected multiple zones, including 12.3 opt silver (423.3 gpt) over 34.4 ft (10.5 m). This interval was inside of a much wider zone of mineralization that totaled 316.6 ft (96.5 m) at an average grade of 3.9 opt silver (135.4 gpt). Mineralization started at 65.0 ft (20.0 m) and ended at 295.0 ft (90.0 m) below surface. The hole was drilled 80 ft (25 m) east of GAX007 that returned 9.4 opt silver (320.7 gpt) over 55.8 ft (17.0 m), including 33.3 opt silver (1,140.0 gpt) over 5.1 ft (1.6 m). Two additional core holes are in progress, which are designed to test for mineralization up and down dip.
Holes GAX015, GAX016 and GAX018 were drilled to both delineate and extend the mineralization that was identified close to surface through conventional rotary drilling. In addition to achieving these goals, GAX016 encountered very high-grade mineralization at a depth of 345.0 ft (105.0 m). This intersection returned 64.5 opt silver (2,210.0 gpt) over 1.3 ft (0.4 m). Ongoing drilling will test for deeper high-grade.
The company’s address is 99 George Street, 3rd Floor, Toronto, ON M5A 2N4.