El Gallo Returns Deepest High-Grade Intercept 20.8 opt Silver Over 14.3 ft

TORONTO, ON Ð US Gold Corporation reported that core drilling at the El Gallo project in Sinaloa State, Mexico, has returned the deepest high-grade silver intersection to date. Testing below the previous limits of the mineralization returned: 20.8 ounces of silver per ton (opt) (713.1 grams per tonne (gpt)) over 14.3 feet (ft) (4.4 meters (m)).
Hole GAX012 intersected two separate zones of high-grade silver mineralization, with the deepest being at a vertical depth of 380.0 ft (115.0 m). The deepest intersection was the most significant with an average grade of 20.8 opt silver (713.1 gpt) over 14.3 ft (4.4 m), including 73.8 opt silver (2,530.0 gpt) over 2.5 ft (0.8 m). This intersection extended mineralization vertically by 65.0 ft (20.0 m).
The second shallower high-grade intersection returned 16.8 opt silver (574.4 gpt) over 13.0 ft (4.0 m) at 150.0 ft (46.0 m) and is believed to be part of a separate parallel vein situated south of the deeper intersection.
The remaining four core holes were drilled primarily to delineate and extend the mineralization that was initially indentified in the upper portion of the veins through conventional rotary drilling. These core holes will help form the basis of an initial NI 43-101 resource estimate. On-going core drilling is designed to intersect possible cross structures and new parallel veins to the north.
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