News: 2002

U.S. Gold Affiliate Acquires Gold Property in Mexico November 1, 2002 - Denver, Colo. - U.S. Gold Corporation (OTC BB: USGL) announced today its 30% owned affiliate, Gold Resource Corporation (GRC), has leased a gold-silver exploration property located approximately 100 Km southeast of the city of Oaxaca in the state of Oaxaca, Mexico. This project, called the El Aguila Project, is GRC's second mineral property in Mexico. GRC is a private Colorado corporation. USGL is managing, under an annual contract, all activities of GRC and GRC is responsible for its funding. Download PDF

U.S. Gold Engages Engineering Firms For Tonkin Springs Gold Production July 30, 2002 - Denver, Colo. - U.S. Gold Corporation (OTC BB: USGL) announced today that following its initial funding earlier this month it has contracted with HW Process Technologies Inc., Denver, to carryout the Tonkin Springs gold project mill refurbishment and start- up. Knight Piesold and Co., Denver, will assist with the environmental permit amendments. Download PDF

U.S. Gold Obtains Initial Funding Tonkin Springs Moves Toward Gold Production July 3, 2002 - Denver, Colo. - U.S. Gold Corporation (OTC BB: USGL) announced today that through IBK Capital Corp. of Toronto, U.S. Gold has raised $900,000 and is taking steps to amend its present permits to allow commencement of gold production at its 100% owned Tonkin Springs mine in Eureka County, Nevada. With the Tonkin Springs mill and infrastructure already existing, permitting changes require mostly amendments to reflect the new production program. Download PDF

U.S. Gold Affiliate Begins Drilling Program at Zimapán, Mexico May 9, 2002 - Denver, Colo. - U.S. Gold Corporation (OTC BB: USGL) announced today its affiliate, Gold Resource Corporation (GRC), has begun its initial exploration drilling program at GRC's Zimapá¡n Project in the Zimapá¡n Mining District in Mexico. Gold Resource Corporation is a private company whose largest shareholder is USGL (currently 30%). USGL is managing all activities and GRC is responsible for funding the project located in the state of Hidalgo, Mexico. Download PDF

U.S. Gold Gains New, Largest Shareholder January 24, 2002 - Denver, Colo. - U.S. Gold Corporation (OTC BB: USGL) is pleased to announce that Resource Investment Trust PLC (LSE: REI), a new UK, London Stock Exchange listed natural resource fund, has acquired 3.16 million shares of U.S. Gold, making it U.S. Gold's largest shareholder with approximately 23% ownership. These shares were acquired from a previous shareholder in a stock swap valued at approximately $1.25 million. Download PDF

U.S. Gold, Newmont Sign Technology Option Agreement January 7, 2002 - Denver, Colo. - U.S. Gold Corporation (OTC BB: USGL) announced today that it has signed a Technology Option Agreement with Newmont Technologies Limited, a subsidiary of Newmont Mining Corporation (NYSE: NEM), that will allow U.S. Gold to use Newmont's proprietary N2TEC® Flotation Technology at U.S. Gold's Tonkin Springs gold mine in Nevada. Testwork using the N2TEC® Flotation Technology has proven very successful in concentrating the mine's sulfide gold ores. U.S. Gold plans to use this technology to make flotation concentrates, which would then be sold. Download PDF

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