Drilling Intersects 0.07 opt Gold over 50ft

TORONTO - US Gold Corporation reported that drilling at Gold Bar, located South of the company's Tonkin project in the Cortez Trend, successfully intersected what US Gold's geologists believe is a new mineralized zone, similar to those previously mined at the property between 1985-1997. Drilling in this new area returned 0.07 ounces per ton (opt) over 50 ft. including 0.15 opt over 20 ft [2.44 grams per tonne (gpt) over 15.2 meters (m) including 5.04 gpt over 6.1 m].
The Gold Bar drill program consisted of sixteen reverse circulation drill holes with the objective of testing for extensions outside the previously defined mineralization (Figure 1). Drilling has intersected what appears to be a new mineralized zone at Gold Bar. The mineralization at the property exists along zones situated northeast and northwest, with intersections of these zones being especially favorable. Three holes were drilled to test this area, and each hole intersected encouraging gold mineralization. Drilling 1,000 ft. (300 m) to the northeast also intersected gold mineralization, indicating that the two areas maybe connected, which could increase the size of the prospective zone considerably.
The company's address is 99 George Street., 3rd Floor, Toronto, ON M5A 2N4.