About US Gold
US Gold is a United States based company engaged in the exploration of gold primarily in Nevada and Mexico. The Company's common shares are listed on the NYSE Alternext (NYSE.A) and the Toronto Stock Exchange (TSX) under the symbol "UXG". The Company has large land positions, good share liquidity and the potential upside of a junior exploration company.
Rob McEwen is Chairman and CEO of US Gold. Since July 2005, when McEwen became the Company's largest shareholder, US Gold's land position within Nevada's Cortez Trend has grown from 36 to 170 square miles. Previously, McEwen was the founder and former Chairman and CEO of Goldcorp Inc., where its Red Lake Mine in northwestern Ontario, Canada is still considered to be the richest gold mine in the world. During his tenure at Goldcorp, McEwen transformed the company from a collection of small companies into a mining powerhouse, growing its market capitalization from US $50 million to approximately $8 billion. More importantly, the shares of the company produced a compounded annual growth rate of 32%.
The Cortez Trend is part of the Battle Mountain-Eureka Gold Belt that includes Barrick's Cortez (35 million ounces of gold) to the north and the Ruby Hill mine (4 million ounces) to the south. US Gold's merged properties on the Cortez Trend sit 10 miles south of Barrick's recent Cortez discovery. While the Cortez Trend remains under-developed, recent discoveries indicate that it could rival the famous Carlin Trend which is located approximately 30 miles to the northeast where reserves and mineralized material are estimated to be 180 million ounces.
The Company also owns approximately 500,000 acres of mineral rights in Mexico's Sinaloa State. Exploration work was initiated in early 2008 and has produced encouraging results including the exciting El Gallo discovery announced in November 2008.
Rob McEwen is Chairman and CEO of US Gold. Since July 2005, when McEwen became the Company's largest shareholder, US Gold's land position within Nevada's Cortez Trend has grown from 36 to 170 square miles. Previously, McEwen was the founder and former Chairman and CEO of Goldcorp Inc., where its Red Lake Mine in northwestern Ontario, Canada is still considered to be the richest gold mine in the world. During his tenure at Goldcorp, McEwen transformed the company from a collection of small companies into a mining powerhouse, growing its market capitalization from US $50 million to approximately $8 billion. More importantly, the shares of the company produced a compounded annual growth rate of 32%.
The Cortez Trend is part of the Battle Mountain-Eureka Gold Belt that includes Barrick's Cortez (35 million ounces of gold) to the north and the Ruby Hill mine (4 million ounces) to the south. US Gold's merged properties on the Cortez Trend sit 10 miles south of Barrick's recent Cortez discovery. While the Cortez Trend remains under-developed, recent discoveries indicate that it could rival the famous Carlin Trend which is located approximately 30 miles to the northeast where reserves and mineralized material are estimated to be 180 million ounces.
The Company also owns approximately 500,000 acres of mineral rights in Mexico's Sinaloa State. Exploration work was initiated in early 2008 and has produced encouraging results including the exciting El Gallo discovery announced in November 2008.
