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Market: TSX
Sector: Gold Mining
EPIC: UXG
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US Gold
www.usgold.com

US Gold Corporation is a United States based gold exploration company exploring in north-eastern Nevada and north-central Mexico.

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US Gold says El Gallo drilling continues to return exceptional results

11th Jun 2009, 3:54 pm
US Gold says El Gallo drilling continues to return exceptional results

US Gold Corp (TSX: UXG) said new core drilling from the El Gallo project in Sinaloa State, Mexico, continues to deliver exceptional results.

Since drilling began in November this discovery has grown dramatically and covers an area totaling 450 metres long 400 metres wide to a depth of 115 metres. The results to date suggest there is good potential for further growth.

Nine new core holes were drilled since the group’s last news release. All of the holes were designed to test for extensions of the mineralization: Four on the west end, two on the east end, one on a possible cross cutting feature and two testing for depth in the middle of the zone.

One of several significant intersections from drilling to the west returned 677.3 grams per ton of silver over 15.5 metres.

Core drilling on the east end of the zone encountered similar grades as observed in the nearest hole within the zone, including 215.8 g/t of silver over 14.2 metres and 476.8 g/t over 7 metres, with the latter intersection including 1,245 g/t of silver over 1.5 metres.

Drilling in Nevada resumed during the last week of May with the goal of expanding the recently published resource estimate at the Gold Bar project located within the Cortez Trend. A second drill is scheduled to arrive during the coming weeks that will test targets away from the Gold Bar resource and most importantly explore for Cortez Hills style mineralization at the north end of the Tonkin project.

An initial resource estimate for the Limo project, located 32 kilometres west of Barrick Gold's Bald Mountain Mine will be published during the third quarter. A total of 876 holes, 31 drilled by US Gold, over an area of 44 miles has been completed at Limo.

 

 

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