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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

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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.

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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.

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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 [...]

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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.

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