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News: 2008

Complete El Gallo & Palmarito Results

November 19, 2008 - Complete El Gallo & Palmarito Results


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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.

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Complete Palmarito & La Prieta Results & Plan Map.

November 5, 2008 - Complete Palmarito & La Prieta Results & Plan Map.


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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.

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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].


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Complete Palmarito Results & Plan Map.

September 25, 2008 - Complete Palmarito Results & Plan Map.

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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.

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Complete Hercules Results & Plan Map.

September 17, 2008 -

 Complete Hercules Results & Plan Map.



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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.

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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.



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US Gold outlines Nevada exploration program. Focusing on discovering the next Cortez Hills.

August 6, 2008 -

Denver, Colorado - US GOLD CORPORATION announces that drilling has resumed on its Cortez Trend properties. The Company’s primary objective in Nevada is to discover the next Cortez Hills deposit. Cortez Hills, owned by the world’s largest gold producer, is Nevada’s largest gold discovery of the past decade and located just 10 miles (16 km) north of US Gold.



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Drill results continue to shine in Mexico's Magistral District. 10.2 opt silver equivalent over...

August 6, 2008 -

Denver, Colorado - US GOLD CORPORATION  announces that exploration results in the Magistral District, located in Sinaloa State, Mexico, continue to show that the mineralization has excellent growth potential. Drilling at the Palmarito Project intersected 10.2 ounces per ton (opt) silver equivalent (eq.)* over 70 feet (ft.) [349.2 gpt (grams per tonne) silver eq. over 21.3 meters], including 15.7 opt silver eq. over 30 ft. [538.6 gpt silver eq. over 9.1 meters]. Also, drilling at the new Dos Amigos vein returned 0.21 opt gold over 35 ft. [7.1 gpt gold over 10.7 meters], including 1.2 opt gold over 5 ft. [42.2 gpt gold over 1.5 meters].



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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.

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Complete Palmarito Results & Plan Map

June 24, 2008 - Complete Palmarito Results & Plan Map.

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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).

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News Release

June 3, 2008 - Denver, Colorado - US GOLD CORPORATION wishes to notify investors that its May 20th, 2008 news release describing the Company’s updated audited resource estimate for the Tonkin property has been clarified below in accordance with Canadian National Instrument 43-101 and separately describes each of the categories of mineralization. US Gold’s previous news release had grouped certain mineral categories. No material changes have been made to the resource estimate.


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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.

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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.

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US Gold Appoints Perry Ing as Chief Financial Officer

March 31, 2008 - US Gold Corporation is pleased to announce the appointment of Perry Y. Ing (CA, CPA, CFA) as the Company's Chief Financial Officer effective March 31, 2008.


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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).

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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).

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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.

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