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 head office is located in Denver, Colorado and its common stock is listed on the American Stock Exchange (AMEX) and the Toronto Stock Exchange (TSX) under the symbol "UXG". The Company has large land positions, a strong treasury, 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 it's 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.
The Cortez Trend is part of the Battle Mountain-Eureka Gold Belt that includes Barrick's property (35 million ounces of gold) 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 Hills 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 1,330 square miles of mineral rights in Mexico's Sinaloa State, including the Magistral Gold Mine. Exploration work was initiated in early 2008 and has produced encouraging results.
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 it's 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.
The Cortez Trend is part of the Battle Mountain-Eureka Gold Belt that includes Barrick's property (35 million ounces of gold) 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 Hills 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 1,330 square miles of mineral rights in Mexico's Sinaloa State, including the Magistral Gold Mine. Exploration work was initiated in early 2008 and has produced encouraging results.
