Exploration News

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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