Exploration News

US Gold Exploration News Release: El Gallo Drilling Continues to Return Exceptional Results! June 11, 2009 - TORONTO, ONTARIO - US GOLD CORPORATION (TSX:UXG) (NYSE Amex:UXG) is pleased to announce that 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 1,475 ft (450 m) long x 1,300 ft (400 m) wide and to a depth of 380 ft (115 m). The results to date suggest there is good potential for further growth. Nine new core holes were drilled since our 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. Full results are listed in Appendix 1. View full details | Download PDF

US Gold Increases Gold Resources in Nevada. Prerelease Q1 2009 Financial Summary April 28, 2009 - US GOLD CORPORATION is pleased to announce a substantial increase in the estimated mineral resource at the Company's Gold Pick, Gold Ridge North, Cabin Creek and Hunter deposits located on the property commonly referred to by the Company as Gold Bar. The new estimate increased measured and indicated resources by 64% over the resource published on December 4, 2008. The deposits are located on US Gold's 170 square mile (440 km2) property approximately 10 miles (16 km) south of US Gold's Tonkin deposit on Nevada's Cortez Trend. US Gold updated the estimate in order to incorporate new results from 20 holes drilled in 2008, and to include the Cabin Creek and Hunter deposits where there is sufficient historic drilling to define a resource. The current resource was prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards pursuant to National Instrument 43-101 ("NI 43-101") by Telesto Nevada Inc. of Reno, Nevada. Download PDF

El GALLO: LONGER, DEEPER & RICH. 12.3 OPT SILVER OVER 34.4 FT, WITHIN 3.9 OPT SILVER OVER 316.6 FT April 24, 2009 - TORONTO, ONTARIO US GOLD CORPORATION (NYSE Amex:UXG) (TSX:UXG) (FRANKFURT:US8) is pleased to announce that core drill results from the El Gallo project in Sinaloa State, Mexico have returned the widest intersection to date and extended the mineralization at depth: 12.3 ounces of silver per ton (opt) (423.3 grams per tonne (gpt)) over 34.4 feet (ft) (10.5 meters (m)), including 33.8 opt silver (1,160.0 gpt) over 2.8 ft (0.9 m). This interval was inside of a wider zone that averaged 3.9 opt silver (135.4 gpt) over 316.6 ft (96.5 m). Another high-grade intercept was: 64.5 opt silver (2,210.0 gpt) over 1.3 ft (0.4 m). View full details | Download PDF

News Release April 9, 2009 - Toronto, Ontario (April 9th, 2009) - US GOLD CORPORATION (NYSE.A: UXG - TSX: UXG - Frankfurt: US8) advises that certain disclosure in the Company's news release of February 12, 2009 which referenced previously published resource estimates disclosed contained ounces of gold for the Magistral Property and contained ounces of silver for the Palmarito Project, should have also included the figures for tonnage and grade for the various resource categories. View full details | Download PDF

Complete El Gallo Results March 18, 2009 - Complete El Gallo Results Download PDF

US Gold Corporation: El Gallo Returns Deepest High-Grade Intercept 20.8 opt Silver Over 14.3 ft March 18, 2009 - TORONTO, ONTARIO- US GOLD CORPORATION is pleased to announce that core drilling at the El Gallo project in Sinaloa State, Mexico, has returned the deepest high-grade silver intersection to date. Testing below the previous limits of the mineralization returned: 20.8 ounces of silver per ton (opt) (713.1 grams per tonne (gpt)) over 14.3 feet (ft) (4.4 meters (m)). View full details | Download PDF

US Gold Corporation: El Gallo Delivers Exceptional High-Grade Core Drill Results From Surface!... March 2, 2009 - TORONTO, ONTARIO - US GOLD CORPORATION is pleased to announce new step out drilling has intersected exceptional high-grade mineralization over excellent widths at the El Gallo project in Sinaloa State, Mexico! View full details | Download PDF

El Gallo Drill Results Continue to Shine. Initial Four Core Holes All Intersect Significant... February 12, 2009 - Toronto, Ontario - US GOLD CORPORATION is pleased to announce results for the first four core holes at El Gallo in Sinaloa State, Mexico. Each hole intersected significant high-grade mineralization with three of the four holes returning +30 ounces per ton (opt) silver (+1000 grams per tonne (gpt silver)). A fourth hole returned grades of 19.5 opt silver (669.0 gpt silver) and 0.42 opt gold (14.25 gpt gold), demonstrating the high-grade nature of this discovery. View full details | Download PDF

El Gallo Continues to Grow, Delivering More High-Grade Silver 27.0 opt Silver over 15 ft & 17.3... February 9, 2009 - Toronto, Ontario - US GOLD CORPORATION announces new high-grade results from its El Gallo project in Sinaloa State, Mexico. Best intersections return 27.0 opt silver (925.3 gpt silver) over 15.0 ft (4.6 m) including 38.2 opt silver (1310.0 gpt silver) over 5.0 ft (1.5 m) and 17.3 opt silver (593.8 gpt silver) over 50.0 ft (15.2 m) including 41.4 opt silver (1420.0 gpt silver) over 5.0 ft (1.5 m) with mineralization all within 150.0 ft (45.7 m) of surface. View full details | Download PDF

Complete El Gallo Results January 6, 2009 - Complete El Gallo Results View full details | Download PDF

El Gallo: Two New High-Grade Areas Discovered. Best Result: 34.6 opt Silver, 0.51 opt Gold over... January 6, 2009 - TORONTO, ONTARIO - US GOLD CORPORATION announces more exciting results from its El Gallo project in Sinaloa, Mexico. High-grade mineralization has been encountered at four separate locations. View full details | Download PDF

Complete El Gallo & Palmarito Results December 17, 2008 - Complete El Gallo & Palmarito Results View full details | Download PDF

US Gold Intersects Impressive High-Grade. El Gallo: 2.0 opt Gold, 5.3 opt Silver over 5 ft; 9.4... December 17, 2008 - TORONTO, ONTARIO - US GOLD CORPORATION (TSX:UXG)(NYSE ALTERNEXT US:UXG)(FRANKFURT:US8) announces a successful conclusion to its first year in Mexico and a bright outlook for 2009! Drilling from two projects within the Magistral District, located in Sinaloa State continues to intersect exciting high-grade results View full details | Download PDF

Palmarito Project Resource Estimate December 15, 2008 - TORONTO, ONTARIO - US GOLD CORPORATION (TSX:UXG)(NYSE ALTERNEXT US:UXG)(FRANKFURT:US8) announces details of an initial resource estimate for its Palmarito Project (100% owned) in Sinaloa State, Mexico. The resource estimate was prepared by Pincock, Allen and Holt (PAH) of Denver, Colorado in accordance with Canadian National Instrument 43-101 standards. View full details | Download PDF

El Gallo Returns Good Results: 43.6 opt Silver & 0.45 opt Gold over 55 ft. Including 104.1 opt... November 26, 2008 - Strong Grades Continue at Palmarito: 29.1 opt Silver over 5 ft, Within 14.5 opt Silver Over 25 ft Toronto, Ontario (November 26, 2008) - US GOLD CORPORATION (AMEX:UXG - TSX: UXG - Frankfurt: US8) announces encouraging drill results from two projects within the Magistral District, Sinaloa, Mexico View full details | Download PDF

Complete El Gallo & Palmarito Results November 19, 2008 - Complete El Gallo & Palmarito Results View full details | Download PDF

US Gold Hits Significant Intercepts in Mexico. New High-Grade "El Gallo" Discovery: 22.2 opt... November 19, 2008 - TORONTO, ONTARIO - US GOLD CORPORATION announces that recent conventional rotary drilling in the Magistral District, Sinaloa, Mexico has intersected high-grade silver in two locations (Figure 1). The first location is a new discovery called El Gallo. The best intercept from El Gallo returned 22.2 ounces per ton (opt) silver over 5 feet (ft) (760.0 grams per tonne (gpt) silver over 1.5 meters (m)), within 13.2 opt silver over 15 ft (453.0 gpt silver over 4.6 m). The second, Palmarito's new Southwest Zone, has returned the richest silver grades since US Gold began exploration at the project: 24.4 opt silver over 5 ft. (836.0 gpt silver over 1.5 m), within 8.5 opt silver over 75 ft (291.9 silver over 22.9 m). Mineralization in both areas starts close to surface. View full details | Download PDF

Complete Palmarito & La Prieta Results & Plan Map. November 5, 2008 - Complete Palmarito & La Prieta Results & Plan Map. View full details | Download PDF

Gold & Silver Mineralization Expands at Two Sites in Mexico. Magistral Mine: 0.17 opt Gold over... November 5, 2008 - TORONTO, ONTARIO - US GOLD CORPORATION announces that drilling within the Magistral District, located in Sinaloa State, Mexico has successfully intersected more encouraging gold and silver mineralization at the Magistral Mine and Palmarito Project. View full details | Download PDF

Cortez Trend Drilling Intersects 0.07 opt Gold over 50ft October 30, 2008 - Toronto, Ontario (October 30, 2008) - US GOLD CORPORATION announces that drilling at Gold Bar, located South of the company’s Tonkin project in the Cortez Trend, successfully intersected what US Gold’s geologists believe is a new mineralized zone, similar to those previously mined at the property between 1985-1997. Drilling in this new area returned 0.07 ounces per ton (opt) over 50 ft. including 0.15 opt over 20 ft[2.44 grams per tonne (gpt) over 15.2 meters (m) including 5.04 gpt over 6.1 m]. View full details | Download PDF

Complete Palmarito Results & Plan Map. September 25, 2008 - Complete Palmarito Results & Plan Map. View full details | Download PDF

US Gold's drilling in the Magistral district returns. 23.7 opt silver over 5.9 ft. within 9.2 opt... September 25, 2008 - Toronto, Ontario - US GOLD CORPORATION (AMEX:UXG - TSX: UXG - Frankfurt: US8) announces that drilling within the Magistral District, Sinaloa State, Mexico, continues to expand the mineralization and intersect richer silver grades at the Palmarito Project. Drilling has successfully extended the Main Zone by 310.0 feet (ft.) (95.0 meters) to the northeast and 105.0 ft. (32.0 meters) vertically. The furthest hole drilled to the northeast returned 23.7 ounces per ton (opt) silver over 5.9 ft., [814.0 gpt (grams per tonne) silver over 1.8 m], within an intercept of 9.2 opt silver over 31.0 ft. (313.8 gpt silver over 9.5 m). The zone remains open and shows good potential for expansion. View full details | Download PDF

Complete Hercules Results & Plan Map. September 17, 2008 -  Complete Hercules Results & Plan Map. View full details | Download PDF

New Discovery for US Gold in Magistral District. 0.13 opt gold over 98.4 ft. inc 0.51 opt gold... September 17, 2008 - Denver, Colorado - US GOLD CORPORATION (AMEX:UXG - TSX: UXG - Frankfurt: US8) announces it has made a new gold discovery within the Magistral District, located in Sinaloa State, Mexico. Exploration highlights from initial holes: 0.13 ounces per ton (opt) gold over 98.4 feet (ft.), [4.59 gpt (grams per tonne) over 30.0 m] including 0.51 opt gold over 19.7 ft. (17.63 gpt gold over 6.0 m) and 0.11 opt gold over 88.6 ft. (3.85 gpt gold over 27.0 m). These results start near surface. View full details | Download PDF

Magistral District: More growth, more gold, more silver. 0.10 opt gold over 60 ft. 5.6 opt silver... August 25, 2008 - Denver, Colorado - US GOLD CORPORATION announces that drilling within the Magistral District, located in Sinaloa State, Mexico continues to expand the mineralization at the Magistral Mine and Palmarito Project. View full details | Download PDF

Magistral continues to deliver good results. Expanding mineral zone: 0.199 opt gold over 49.2 ft. July 7, 2008 - Denver, Colorado- US GOLD CORPORATION announces that recent drilling at the Magistral Mine, located in Sinaloa State, Mexico continues to encounter encouraging gold mineralization. Drilling designed to expand the mineralization around the Samaniego Pit returned 0.199 ounces per ton (opt) gold over 49.2 feet (ft.) [6.81 gpt (grams per tonne) gold over 15.0 meters], including 0.580 opt gold over 9.8 ft. [19.90 gpt gold over 3.0 meters]. Also, drilling at the new Dos Amigos vein returning 0.397 opt gold over 19.7 ft. [13.63 gpt gold over 6.0 meters]. Mineralization in both holes started at surface. View full details | Download PDF

Palmarito project near Magistral Mine returns. 4.07 opt silver over 80 ft.; including 6.38 opt... June 24, 2008 - Denver, Colorado - US GOLD CORPORATION announces a positive conclusion to phase one drilling at the Palmarito Project.Drilling intersected 4.07 ounces per ton (opt) silver over 80 ft. (139.67 grams per tonne (gpt)silver over 24.4 meters), including 6.38 opt silver over 30 ft. (218.67 gpt silver over 9.1meters). View full details | Download PDF

TONKIN RESOURCE ESTIMATE INCREASES TO 1.76 MILLION OZ GOLD SIGNIFICANT POTENTIAL FOR FUTURE... May 20, 2008 - US GOLD CORPORATION is pleased to announce details of the updated resource estimate for its Tonkin property, audited by the independent firm Ore Reserve Engineering of Denver, Colorado in accordance with Canadian National Instrument 43-101 standards. View full details | Download PDF

US GOLD PROVIDES MEXICO & NEVADA EXPLORATION UPDATE May 8, 2008 - US GOLD CORPORATION is pleased to announce continuing exploration success from the Magistral Mine in Sinaloa State, Mexico. View full details | Download PDF

Mexico exploration update results from three exploration targets 0.093 opt gold over 101 ft;... March 25, 2008 - Denver, Colorado - US GOLD CORPORATION is pleased to announce results from its Magistral Mine and surrounding regional projects in Sinaloa State, Mexico. Exploration from the Magistral Mine intersected 0.093 opt (ounces per ton) gold over 101 ft. (3.17 gpt (grams per tonne) gold over 30.8 meters). Projects outside the mine area continue to deliver interesting results. Highlights from the Shakira Project include 0.204 opt gold, 30.08 opt silver, 1.5% lead and 0.2% zinc over 9.8 ft. (7 gpt gold, 1030 gpt silver, 1.5% lead and 0.2% zinc over 3 meters). Drill results from the Palmarito Silver Project returned 9.33 opt silver over 44.9 ft. (319.6 gpt silver over 13.7 meters). View full details | Download PDF

Mexico Delivering Positive Results. Magistral Mine Exploration-0.541 opt gold over 40 ft. within... February 21, 2008 - Denver, Colorado - US GOLD CORPORATION is pleased to announce results from several projects within Sinaloa State,Mexico. Drilling at the Magistral Mine has intersected significant gold mineralization. The first drill result from the La Prieta vein returned 0.541 opt (ounces per ton) gold over 40 feet (ft.) (18.53 gpt (grams per tonne) gold over 12.2 meters) within a longer interval of 0.144 opt gold over 165 ft. (4.93 gpt gold over 50.3 meters). Exploration at the Shakira Project continues to deliver encouraging drill results; 0.036 opt gold, 1.74 opt silver over 147.6 ft. (1.24 gpt gold, 59.6 gpt silver over 45.0 meters), including 0.454 opt gold, 20.99 opt silver over 9.8 ft. (15.55 gpt gold, 719 gpt silver over 3 meters). View full details | Download PDF

Mexico regional exploration update. Early results 0.033 opt gold, 1.787 opt silver over 118.1 ft.... January 22, 2008 - Denver, Colorado (January 22, 2008) - US GOLD CORPORATION is pleased to announce exploration results that mark a positive start to our regional program in Sinaloa State, Mexico. Multiple projects outside of the Magistral Mine areahave encountered higher grade sections within larger zones of mineralization. Highlights fromthe Shakira Project include 0.033 ounces per ton (opt) gold, 1.787 opt silver over 118.1 feet (ft.) (1.14 gpt (grams per tonne) gold, 61.2 gpt silver over 36 meters) including 0.224 opt gold, 14.69 opt silver over 9.8 ft. (7.66 gpt gold, 503 gpt silver over 3 meters). Gold and silver mineralization was encountered throughout the entire hole and stopped while still in mineralization. View full details | Download PDF

Limo Exploration Update. Drilling to Commence in Mexico. December 12, 2007 - Denver, Colorado - US GOLD CORPORATION is pleased to provide an update on some of its projects, including the Company’s upcoming exploration in Mexico and recent drill results from the Limo project in northeastern Nevada that intersected 0.161 ounces per ton (opt) gold over 50 feet (ft.) (5.522 gpt (grams per tonne) gold over 16.8 meters), including 0.235 opt gold over 15 ft. (8.023 gpt gold over 4.6 m), and a second zone containing 0.278 opt gold over 15 ft (9.515 gpt gold over 4.6 m). View full details | Download PDF

NEVADA EXPLORATION UPDATE October 4, 2007 - Denver, Colorado - US GOLD CORPORATION announced today results from its recently expanded exploration portfolio in Nevada. At Tonkin, the best gold assay results were 0.147 opt (ounces per ton) over 55 ft. (feet) (5.030 gpt (grams per tonne) over 16.8 m (meters)) and 0.115 opt over 23.9 ft. (3.937 gpt over 7.3 m); and at our Limo Project 0.166 opt over 26 ft. (5.685 gpt over 7.9 m) and 0.052 opt over 184.5 ft. (1.781 gpt over 56.2 m). View full details | Download PDF

INTRIGUING GRAB SAMPLE:METAL VALUE $2,200 PER TON* 170 SQUARE MILES OF CORTEZ TREND CONTROLLED... June 12, 2007 - Denver, Colorado (June 12, 2007) - US GOLD CORPORATION (AMEX:UXG - TSX:UXG) is pleased to highlight some of the captivating exploration results* of the companies recently acquired. Download PDF

US GOLD EXPLORATION UPDATE ENCOURAGING RESULTS; BEST GRADE: 0.73 opt over 5 ft. April 10, 2007 - Denver, Colorado - US GOLD CORPORATION is pleased to announce encouraging exploration results, including 0.73 ounces per ton (opt) over 5 feet within a larger intercept of 0.097 opt over 59.5 feet, from its Tonkin gold project. This high-grade occurrence is located in a flat lying northeast oriented structure, which is a prominent feature of major gold discoveries on the Cortez and Carlin Trends. Drilling also encountered mineralization of 0.093 opt over 14 feet in a vertical structure, which was the first such occurrence encountered on the property. View full details | Download PDF

Tonkin Exploration Update. 20 of 26 Holes Return Encouraging Results. Drilling Indicates New... December 21, 2006 - Denver, Colorado (December 21, 2006) - US GOLD CORPORATION (AMEX: UXG - TSX: UXG) is pleased to announce continuing exploration results at its Tonkin project located in Nevada’s Cortez Trend, 10 miles to the south of Barrick’s rich Cortez Hills gold deposit. Drilling commenced in June and has been focused in areas near previously defined mineralized material containing 1.4 million ounces of gold. The current $30 million exploration program was launched in June 2006, building on an experienced team of Nevada-based professionals with prior big-company and entrepreneurial experience. View full details | Download PDF

Open Letter to U.S. Gold shareholders September 6, 2006 - Dear Fellow Shareholders, This year, we were off to a fast start, with a big financing of US$75 million completed in February followed by a bold plan to consolidate a big chunk of the Cortez Trend in Nevada by the end of this summer. Then there was a great silence. Did everything stop? Nothing could be further from the truth!! We have made great progress advancing our objective of becoming the "Premier Exploration Company in Nevada"! Download PDF

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