Proactive investorsLogo Proactive Investors UK Website

Search field
Additional information
Additional Information
Market: TSX, NYSE
Sector: Gold Mining
Epic: TSX:UGX
News: Latest news
Web Site: US Gold
Other Articles: 11-06-200906-01-200917-12-2008

RSS - Subscribe to the News Today on Proactive UK ▼

Saturday March 13, 09:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Friday March 12, 01:39Circadian Technologies to present at Ultimate Healthcare & Biotechnology Event, March 24

Robert Klupacs, CEO of Circadian Technologies, recommended by US Investment Bank Merriman Curhan Ford, as "the Cheapest Little Antibody Company on the Planet" will present in Sydney.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

FULL ARTICLE ►
US Gold

US Gold

US Gold Corporation is a United States based gold exploration company exploring in north-eastern Nevada and north-central Mexico.
Wednesday, December 17, 2008

US Gold extends potential of El Gallo and Palmarito Silver-Gold Discoveries

US Gold Corp (TSX:UXG) announced additional drilling from two projects within the Magistral District, located in Sinaloa State, Mexico.   

Highlights emanated from El Gallo and Palmarito, both returning high grade silver potential.  At El Gallo, a discovery recently announced by US Gold, drill intercepts included 70 grams per tonne gold and 180 grams per tonne silver over 1.5 metres with a wider 4.6 metre section grading 25.9 grams per tonne gold and 112 grams per tonne silver. Drilling at El Gallo also extended the length of the strike to 130 metres, and appeared to suggest that the silver-gold mineralization was trending to the north.  The El Gallo discovery still remains open to the north, east and west, the Company added.

Meanwhile at Palmarito, where US Gold recently released a 43-101 resource statement, drill results testing the south-west zone “continue to expand and return high-grade mineralization”.  Highlights from drilling included an impressive 363 grams per tonne silver over 22.9 metres, including a bonanza silver zone of 1,130 grams per tonne silver over 1.5 metres.  The drill results also increased the width of the zone to 110 metres.

US Gold reported a measured and indicated resource at Palmarito of 8.5 million ounces of silver and 16,500 ounces of gold within 3.8 million tonnes of material with an average grade of 70 grams per tonne silver and 0.14 grams per tonne gold plus an additional inferred resource of 3.3 million ounces of silver and 5,800 ounces of gold within 1.6 million tonnes averaging 65.5 grams per tonne silver and 0.11 grams per tonne gold.

AddThis Feed Button
Register here to be notified of future US Gold articles.


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.