Significant Drill Results At El Gallo

 

TORONTO, ON - US Gold reported the most significant results to date from its El Gallo Project in Sinaloa State, Mexico. Exploration was focused on expansion drilling in several areas of the property. The two best results from the eleven holes assayed since the last update are: 11.4 ounces of silver per ton (opt) over 386.8 ft (feet) (390.3 grams per tonne (gpt) over 117.9 m (meters)) and 19.2 opt silver over 95.5 ft (659.0 gpt silver over 29.1 m).

11.4 opt silver over 386.8 ft (390.3 gpt over 117.9 m)

On January 28th, 2010, US Gold announced that hole GAX-045 encountered a thick zone of good grade in the Eastern Area that returned 4.4 opt silver over 239.2 ft (150.9 gpt over 72.9 m). Drilling further to the east successfully extended the mineralization approximately 100 ft (30 m). This expansion included hole GAX-055 (Figure 1 & 2), which encountered another wide intercept of even higher grade mineralization and is the most significant hole drilled to date at El Gallo: 11.4 opt silver over 386.8 ft (390.3 gpt over 117.9 m). Prospective areas further to the east are virtually untested.

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