News: 2003

Second Round of Drilling to Begin at Mexican Gold Property by Gold Resource Corporation November 13, 2003 - Denver, CO. - U.S. Gold Corporation (OTC BB: USGL; Berlin Exchange: US 8) reported today that its 40% owned subsidiary, Gold Resource Corporation, is proceeding with the second round of drilling at its El Aguila gold/silver property in the state of Oaxaca, Mexico. This second round of drilling is anticipated to start around the first of December 2003 and is being funded by Canyon Resources Corporation (AMEX:CAU) as Canyon has elected to proceed with Phase 2 of their earn-in agreement with Gold Resource. Download PDF

Bactech Makes $600,000 Payment To U.S. Gold; Tonkin Springs Mine Moves Toward Gold Production;... November 4, 2003 - Denver, Colorado - U.S. Gold Corporation (OTC BB: USGL; Berlin Exchange: US 8) announced today that it has received a $600,000 payment from BacTech Enviromet Corporation (TSX-V: BM) as provided under the terms of the agreement announced May 5, 2003 whereby BacTech acquired a 55% interest in the Tonkin Springs gold property located in Eureka County, Nevada. This brings the total purchase price payments received from BacTech to $1 million. Download PDF

U.S. Gold Corporation Subsidiary In Mexico Drills High-Grade Gold; U.S. Gold Increases Equity... October 9, 2003 - Denver, CO.- U.S. Gold Corporation (OTC BB: USGL; Berlin Exchange: US 8) reported today the results of the first phase of exploration drilling carried out by its 40% owned subsidiary, Gold Resource Corporation, in Mexico. Gold Resource Corporation, a private Colorado corporation, is exploring its El Aguila property in the state of Oaxaca, Mexico. Download PDF

U.S. Gold Shareholders Approve Increase To Authorized Shares September 22, 2003 - Denver, Colo.- U.S. Gold Corporation (OTC BB: USGL; Berlin Exchange: US 8), announced that its shareholders have approved an amendment to its articles of incorporation to increase the authorized number of common shares from 18 million to 35 million shares. Download PDF

Affiliate Of U.S. Gold Enters Into Agreement With Canyon Resources To Finance... August 18, 2003 - Denver, Colo. - U.S. Gold Corporation (OTC BB: USGL; Berlin Exchange: US 8), today announced that its 27% owned affiliate, Gold Resource Corporation (GRC), a private Colorado corporation, has entered into an agreement with Canyon Resources Corporation (AMEX:CAU) whereby Canyon will finance up to $3.5 million of exploration and development expenditures on the Oaxaca gold property in the historic Octolan gold/silver mining district in the State of Oaxaca, Mexico. Download PDF

U.S. Gold and Bactech Close Tonkin Springs Transaction- Gold Production Slated for FOR 2004 August 5, 2003 - Denver, Colo.- U.S. Gold Corporation (OTC BB: USGL; Berlin Exchange: US 8) and BacTech Enviromet Corporation (TSX Venture: YBA) closed their previously announced joint venture transaction regarding the Tonkin Springs gold mine in Eureka County, Nevada. The joint venture is operated under a limited liability company now owned 55% and managed by a subsidiary of BacTech Enviromet and owned 45% by subsidiaries of U.S. Gold. BacTech purchased its 55% interest for $1.75 million and the obligation to fund $12 million of expenditures to produce gold at the Tonkin Springs mine. Download PDF

U.S. Gold Appoints Two New Directors May 22, 2003 - Denver, Colorado - U.S. Gold Corporation (OTC BB: "USGL" and Berlin Stock Exchange "US 8") announced today the expansion of the Board of Directors of the Company and the appointment of Mr. Peter Bojtos and Mr. Curtis Deane as members of the board, both effective May 19, 2003. Mr. Bojtos, of Lakewood, Colorado, is an independent director for several mining companies. Mr. Deane is an officer of BNP Paribas, a banking entity with worldwide operations and offices in New York City, New York. View full details | Download PDF

U.S. Gold - Bactech Join Forces To Produce Gold At Tonkin Springs May 5, 2003 - Denver, Colo.- U.S. Gold Corporation (OTC BB: USGL) and BacTech Enviromet Corporation (TSX Venture: YBA) announced today they have entered into a Letter Agreement giving BacTech the right to acquire a 55% interest in the Tonkin Springs gold mine in Eureka County, Nevada. BacTech can purchase the 55% interest for US$1.75 million in cash payments and the obligation to fund $12 million of expenditures to produce gold at the Tonkin Springs mine. The transaction must close on or before July 31, 2003 and is contingent upon satisfactory due diligence by both parties, definitive agreements, regulatory approvals related to BacTech and approval of the respective board of directors. Download PDF

U.S. Gold Commences Trading of Shares on Berlin Exchange, Germany February 28, 2003 - Denver, Colo. - U.S. Gold Corporation (OTC BB: USGL) announced today that it has filed an application and has been approved for a market listing in Germany on the Berlin Exchange. The shares of the Company are anticipated to begin to trade on the Berlin Exchange today with the ticker symbol "US 8" and German security number (WKN) 871371. Download PDF

U.S. Appoints New Director, Raises Additional Funds January 23, 2003 - Denver, Colorado - U.S. Gold Corporation (OTC BB: USGL) announced today the appointment of Mr. Dick Nanna to the Board of Directors of the Company. Mr. Nanna is Vice President, Exploration & Development, for Apollo Gold Corporation, headquartered in Denver. Download PDF

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